Amazon.com (NASDAQ:AMZN) Earns Outperform Rating from Analysts at Wolfe Research

Wolfe Research initiated coverage on shares of Amazon.com (NASDAQ:AMZN) in a report released on Tuesday morning, Marketbeat Ratings reports. The firm issued an outperform rating and a $250.00 price target on the e-commerce giant’s stock.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group upped their target price on shares of Amazon.com from $225.00 to $235.00 in a report on Tuesday, July 9th. UBS Group upped their target price on shares of Amazon.com from $215.00 to $217.00 and gave the company a buy rating in a report on Wednesday, May 1st. Mizuho upped their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company a buy rating in a report on Wednesday, May 1st. Raymond James upped their target price on shares of Amazon.com from $200.00 to $205.00 and gave the company a strong-buy rating in a report on Wednesday, May 1st. Finally, Maxim Group dropped their target price on shares of Amazon.com from $318.00 to $238.00 and set a buy rating on the stock in a report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-two 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 a consensus rating of Buy and a consensus target price of $218.82.

Amazon.com Trading Down 0.3 %

Amazon.com stock opened at $183.13 on Tuesday. The firm has a 50-day moving average of $187.59 and a 200-day moving average of $177.39. Amazon.com has a one year low of $118.35 and a one year high of $201.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The company has a market cap of $1.91 trillion, a price-to-earnings ratio of 51.30, a P/E/G ratio of 1.35 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. During the same period in the prior year, the business posted $0.31 EPS. The company’s quarterly revenue was up 12.5% on a year-over-year basis. On average, equities analysts expect that Amazon.com will post 4.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $21,726,894.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at $21,726,894.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total transaction of $3,771,048.96. Following the completion of the sale, the chief executive officer now owns 2,025,358 shares in the company, valued at approximately $367,480,955.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,112,990 shares of company stock worth $1,222,250,048. Corporate insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

A number of hedge funds have recently added to or reduced their stakes in the stock. Apollon Wealth Management LLC boosted its position in Amazon.com by 1.4% in the second quarter. Apollon Wealth Management LLC now owns 330,778 shares of the e-commerce giant’s stock valued at $63,923,000 after buying an additional 4,579 shares in the last quarter. Means Investment CO. Inc. raised its stake in shares of Amazon.com by 1.0% during the second quarter. Means Investment CO. Inc. now owns 238,697 shares of the e-commerce giant’s stock valued at $46,128,000 after acquiring an additional 2,385 shares during the last quarter. Meridian Investment Counsel Inc. raised its stake in shares of Amazon.com by 1.8% during the second quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock valued at $594,000 after acquiring an additional 55 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of Amazon.com by 2.9% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 73,212 shares of the e-commerce giant’s stock valued at $14,148,000 after acquiring an additional 2,051 shares during the last quarter. Finally, Altus Wealth Management LLC raised its stake in shares of Amazon.com by 2.5% during the second quarter. Altus Wealth Management LLC now owns 3,499 shares of the e-commerce giant’s stock valued at $676,000 after acquiring an additional 85 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

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.