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

JMP Securities reaffirmed their market outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a research report released on Wednesday, Benzinga reports. They currently have a $225.00 price target on the e-commerce giant’s stock.

Other research analysts also recently issued research reports about the stock. DA Davidson restated a buy rating and set a $235.00 price objective on shares of Amazon.com in a research report on Thursday, April 18th. UBS Group increased their target price on Amazon.com from $217.00 to $224.00 and gave the company a buy rating in a report on Tuesday, July 30th. Stifel Nicolaus raised their price objective on shares of Amazon.com from $224.00 to $228.00 and gave the stock a buy rating in a report on Wednesday, May 1st. Evercore ISI upped their target price on shares of Amazon.com from $220.00 to $225.00 and gave the company an outperform rating in a report on Wednesday, May 1st. Finally, Wedbush reaffirmed an outperform rating and issued a $225.00 target price on shares of Amazon.com in a report on Friday, July 26th. Two research analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com currently has an average rating of Moderate Buy and a consensus price target of $218.91.

Amazon.com Stock Down 8.8 %

Amazon.com stock opened at $167.90 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. Amazon.com has a 12 month low of $118.35 and a 12 month high of $201.20. The firm has a market cap of $1.75 trillion, a price-to-earnings ratio of 47.03, a PEG ratio of 1.32 and a beta of 1.15. The stock has a fifty day simple moving average of $187.12 and a two-hundred day simple moving average of $179.73.

Insider Buying and Selling at Amazon.com

In other news, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $186.22, for a total transaction of $186,220.00. Following the transaction, the director now directly owns 4,760 shares of the company’s stock, valued at $886,407.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.44, for a total value of $3,771,048.96. Following the completion of the sale, the chief executive officer now owns 2,025,358 shares of the company’s stock, valued at $367,480,955.52. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $186.22, for a total transaction of $186,220.00. Following the transaction, the director now owns 4,760 shares in the company, valued at approximately $886,407.20. The disclosure for this sale can be found here. Insiders sold a total of 6,109,490 shares of company stock worth $1,221,619,033 over the last three months. Corporate insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Cooksen Wealth LLC purchased a new position in Amazon.com in the 4th quarter worth $30,000. PayPay Securities Corp raised its stake in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares during the last quarter. Strid Group LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth about $43,000. Harbor Investment Advisory LLC boosted its position in Amazon.com by 0.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 1,988 shares during the last quarter. Finally, Clarity Asset Management Inc. acquired a new position in Amazon.com in the 4th quarter worth approximately $46,000. 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.