Amazon.com, Inc. (NASDAQ:AMZN) Receives Average Recommendation of “Moderate Buy” from Analysts

Amazon.com, Inc. (NASDAQ:AMZN) has earned an average rating of “Moderate Buy” from the forty-four ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, forty-one have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $236.78.

Several research firms have recently commented on AMZN. Itau BBA Securities lowered shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price target on the stock. in a research report on Friday, August 2nd. The Goldman Sachs Group lowered their price target on shares of Amazon.com from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Benchmark reiterated a “buy” rating and issued a $200.00 price target on shares of Amazon.com in a research report on Friday, August 2nd. Stifel Nicolaus lowered their price target on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Finally, Rosenblatt Securities upped their price objective on shares of Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, August 2nd.

Amazon.com Trading Up 0.9 %

Shares of AMZN opened at $186.38 on Friday. 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’s 50-day moving average is $183.11 and its two-hundred day moving average is $183.54. Amazon.com has a twelve month low of $118.35 and a twelve month high of $201.20. The firm has a market capitalization of $1.94 trillion, a P/E ratio of 52.21, a PEG ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. The business had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. On average, research analysts predict that Amazon.com will post 4.85 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, SVP David Zapolsky sold 9,490 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.88, for a total transaction of $1,716,551.20. Following the completion of the transaction, the senior vice president now directly owns 64,610 shares of the company’s stock, valued at $11,686,656.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 54,355 shares of company stock valued at $9,877,423. Corporate insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Hunter Associates Investment Management LLC grew its holdings in Amazon.com by 1.4% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 10,251 shares of the e-commerce giant’s stock worth $1,909,000 after acquiring an additional 140 shares in the last quarter. Orrstown Financial Services Inc. grew its holdings in Amazon.com by 127.6% during the 3rd quarter. Orrstown Financial Services Inc. now owns 17,745 shares of the e-commerce giant’s stock worth $3,306,000 after acquiring an additional 9,949 shares in the last quarter. Autumn Glory Partners LLC grew its holdings in Amazon.com by 53.8% during the 3rd quarter. Autumn Glory Partners LLC now owns 12,142 shares of the e-commerce giant’s stock worth $2,262,000 after acquiring an additional 4,246 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Amazon.com by 0.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,946,037 shares of the e-commerce giant’s stock worth $362,605,000 after acquiring an additional 14,556 shares in the last quarter. Finally, TCI Wealth Advisors Inc. grew its holdings in Amazon.com by 2.6% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 45,686 shares of the e-commerce giant’s stock worth $8,513,000 after acquiring an additional 1,176 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Company Profile

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.