Amazon.com’s (AMZN) “Market Outperform” Rating Reaffirmed at JMP Securities

Amazon.com (NASDAQ:AMZN)‘s stock had its “market outperform” rating reiterated by analysts at JMP Securities in a research note issued on Monday,Benzinga reports. They presently have a $285.00 price objective on the e-commerce giant’s stock. JMP Securities’ target price would suggest a potential upside of 23.30% from the stock’s previous close.

A number of other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Amazon.com from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Maxim Group upped their price target on shares of Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Robert W. Baird upped their price target on shares of Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Jefferies Financial Group increased their target price on shares of Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $240.67.

Amazon.com Trading Down 0.8 %

Amazon.com stock opened at $231.15 on Monday. The stock has a market capitalization of $2.43 trillion, a PE ratio of 49.50, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. Amazon.com has a 12-month low of $144.05 and a 12-month high of $233.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The firm has a 50 day simple moving average of $203.67 and a 200-day simple moving average of $190.54.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the firm posted $0.85 earnings per share. As a group, equities research analysts expect that Amazon.com will post 5.29 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,034,534 shares of company stock worth $1,253,883,872. 10.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Amazon.com

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMZN. City State Bank lifted its position in shares of Amazon.com by 1.7% during the second quarter. City State Bank now owns 15,770 shares of the e-commerce giant’s stock worth $3,048,000 after purchasing an additional 270 shares in the last quarter. Monterey Private Wealth Inc. lifted its position in shares of Amazon.com by 6.5% during the second quarter. Monterey Private Wealth Inc. now owns 12,288 shares of the e-commerce giant’s stock worth $2,375,000 after purchasing an additional 755 shares in the last quarter. Lynx Investment Advisory acquired a new position in shares of Amazon.com during the second quarter worth approximately $2,609,000. New England Research & Management Inc. lifted its position in shares of Amazon.com by 7.4% during the second quarter. New England Research & Management Inc. now owns 10,109 shares of the e-commerce giant’s stock worth $1,954,000 after purchasing an additional 696 shares in the last quarter. Finally, Marion Wealth Management lifted its position in shares of Amazon.com by 9.4% during the second quarter. Marion Wealth Management now owns 4,911 shares of the e-commerce giant’s stock worth $949,000 after purchasing an additional 422 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.