Amazon.com (NASDAQ:AMZN) Receives “Market Outperform” Rating from 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 Wednesday, Benzinga reports. They presently have a $225.00 target price on the e-commerce giant’s stock. JMP Securities’ price target would indicate a potential upside of 27.15% from the stock’s previous close.

A number of other brokerages have also recently issued reports on AMZN. Robert W. Baird upped their target price on Amazon.com from $185.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. The Goldman Sachs Group upped their target price on Amazon.com from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Piper Sandler upped their target price on Amazon.com from $185.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Stifel Nicolaus upped their target price on Amazon.com from $200.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, UBS Group upped their target price on Amazon.com from $180.00 to $198.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One 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. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $204.76.

Amazon.com Price Performance

NASDAQ AMZN traded down $2.58 on Wednesday, reaching $176.96. The company’s stock had a trading volume of 23,889,772 shares, compared to its average volume of 42,598,469. Amazon.com has a twelve month low of $101.15 and a twelve month high of $189.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The stock has a market cap of $1.84 trillion, a PE ratio of 60.95, a PEG ratio of 1.54 and a beta of 1.16. The firm’s 50 day moving average is $177.60 and its two-hundred day moving average is $157.99.

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

Insider Buying and Selling

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the transaction, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the sale, the insider now directly owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the sale, the chief executive officer now owns 131,600 shares of the company’s stock, valued at $24,214,400. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,214,010 shares of company stock valued at $5,505,889,146. 10.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Amazon.com

Several large investors have recently bought and sold shares of the company. Cooksen Wealth LLC bought a new position in shares of Amazon.com during the fourth quarter worth about $30,000. PayPay Securities Corp raised its position in shares of Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 86 shares during the last quarter. Strid Group LLC bought a new position in shares of Amazon.com during the fourth quarter worth about $43,000. Finally, Harbor Investment Advisory LLC grew its stake in Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 1,988 shares during the period. 72.20% of the stock is currently owned by 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.