Amazon.com (NASDAQ:AMZN) Research Coverage Started at Scotiabank

Scotiabank assumed coverage on shares of Amazon.com (NASDAQ:AMZN) in a research note issued to investors on Friday morning, Marketbeat.com reports. The brokerage issued a sector outperform rating and a $245.00 target price on the e-commerce giant’s stock.

Several other research firms have also weighed in on AMZN. Jefferies Financial Group lowered their price objective on Amazon.com from $235.00 to $225.00 and set a buy rating for the company in a research report on Friday, August 2nd. Wells Fargo & Company lowered Amazon.com from an overweight rating to an equal weight rating and decreased their target price for the company from $225.00 to $183.00 in a research report on Monday, October 7th. Maxim Group boosted their target price on Amazon.com from $238.00 to $251.00 and gave the company a buy rating in a research report on Friday, August 2nd. Barclays boosted their target price on Amazon.com from $220.00 to $235.00 and gave the company an overweight rating in a research report on Friday, August 2nd. Finally, TD Cowen boosted their target price on Amazon.com from $225.00 to $245.00 and gave the company a buy rating in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of $224.00.

Amazon.com Stock Performance

AMZN stock opened at $188.82 on Friday. The stock has a 50-day moving average price of $179.58 and a 200-day moving average price of $183.19. Amazon.com has a 1-year low of $118.35 and a 1-year high of $201.20. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The firm has a market cap of $1.98 trillion, a PE ratio of 45.17, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The firm had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. As a group, equities research analysts expect that Amazon.com will post 4.85 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now owns 121,461 shares in the company, valued at approximately $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the sale, the chief financial officer now owns 49,000 shares in the company, valued at $8,820,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now owns 121,461 shares in the company, valued at approximately $21,989,299.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,355 shares of company stock worth $9,877,423. Insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

Institutional investors have recently added to or reduced their stakes in the business. PayPay Securities Corp boosted its position in Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after buying an additional 64 shares during the period. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com during the fourth quarter worth about $30,000. Hoese & Co LLP purchased a new stake in shares of Amazon.com during the third quarter worth about $37,000. Christopher J. Hasenberg Inc boosted its holdings in shares of Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares during the period. Finally, Clarity Asset Management Inc. purchased a new stake in shares of Amazon.com during the fourth quarter worth about $46,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.