Amazon.com, Inc. (NASDAQ:AMZN) Given Average Rating of “Moderate Buy” by Brokerages

Amazon.com, Inc. (NASDAQ:AMZN) has been given a consensus recommendation of “Moderate Buy” by the forty-three ratings firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $235.45.

AMZN has been the subject of a number of research analyst reports. Itau BBA Securities cut Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price for the company. in a research report on Friday, August 2nd. Maxim Group boosted their target price on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Rosenblatt Securities lifted their price objective on Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Piper Sandler increased their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Finally, DA Davidson reissued a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a research note on Thursday, October 10th.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the completion of the transaction, the insider now owns 914,420,614 shares in the company, valued at approximately $189,056,461,944.50. This represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 4,766 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $209.85, for a total value of $1,000,145.10. Following the completion of the sale, the director now directly owns 94,630 shares of the company’s stock, valued at $19,858,105.50. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,053,349 shares of company stock worth $1,256,503,289. Insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Amazon.com by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after acquiring an additional 14,724,687 shares during the period. State Street Corp raised its position in Amazon.com by 3.3% in the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock worth $66,926,008,000 after acquiring an additional 11,370,309 shares during the period. Geode Capital Management LLC lifted its position in Amazon.com by 3.4% during the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock valued at $37,116,341,000 after purchasing an additional 6,545,944 shares in the last quarter. Capital Research Global Investors lifted its holdings in Amazon.com by 8.5% during the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after purchasing an additional 6,810,145 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in Amazon.com by 1.5% in the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock worth $13,466,933,000 after buying an additional 1,042,177 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

Amazon.com stock opened at $201.70 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.12 trillion, a P/E ratio of 43.19, a PEG ratio of 1.36 and a beta of 1.14. The company has a 50-day moving average price of $191.69 and a 200 day moving average price of $185.93. Amazon.com has a 12-month low of $141.50 and a 12-month high of $215.90.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter last year, the firm posted $0.85 earnings per share. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. Sell-side analysts anticipate that Amazon.com will post 5.27 earnings per share for the current year.

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.