Amazon.com (NASDAQ:AMZN) Rating Reiterated by Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a report issued on Tuesday morning, Benzinga reports. Roth Mkm currently has a $205.00 price objective on the e-commerce giant’s stock.

Several other research analysts have also recently issued reports on the stock. JMP Securities upped their target price on shares of Amazon.com from $175.00 to $225.00 and gave the company an outperform rating in a report on Friday, February 2nd. BMO Capital Markets assumed coverage on shares of Amazon.com in a research note on Tuesday, January 9th. They issued an outperform rating and a $200.00 price objective on the stock. DA Davidson increased their price objective on shares of Amazon.com from $200.00 to $235.00 and gave the company a buy rating in a research note on Wednesday, April 10th. Sanford C. Bernstein raised their price target on shares of Amazon.com from $175.00 to $200.00 and gave the stock an outperform rating in a research note on Friday, February 2nd. Finally, Susquehanna raised their price target on shares of Amazon.com from $185.00 to $220.00 and gave the stock a positive rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com has an average rating of Buy and an average target price of $202.80.

Amazon.com Stock Down 2.6 %

Shares of NASDAQ AMZN opened at $174.63 on Tuesday. The stock has a market cap of $1.82 trillion, a P/E ratio of 60.22, a PEG ratio of 1.57 and a beta of 1.16. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. Amazon.com has a 12-month low of $101.15 and a 12-month high of $189.77. The business’s fifty day simple moving average is $177.28 and its 200-day simple moving average is $156.83.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.19. The business had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period last year, the firm earned $0.21 earnings per share. As a group, equities analysts predict that Amazon.com will post 4.1 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at $20,239,226.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $20,239,226.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the transaction, the chief executive officer now owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. Insiders have sold 32,213,510 shares of company stock valued at $5,505,798,456 over the last ninety days. Corporate insiders own 12.30% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mayflower Financial Advisors LLC lifted its holdings in Amazon.com by 0.3% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 572 shares during the last quarter. Cooksen Wealth LLC acquired a new position in Amazon.com in the fourth quarter worth approximately $30,000. PayPay Securities Corp increased its holdings in Amazon.com by 54.3% in the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 94 shares during the last quarter. Laurel Wealth Planning LLC grew its holdings in Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 304 shares during the last quarter. Finally, Sanctuary Wealth Management L.L.C. acquired a new position in Amazon.com during the fourth quarter valued at approximately $37,000. Institutional investors own 72.20% of the company’s stock.

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.