Amazon.com (NASDAQ:AMZN) Given Buy Rating at DA Davidson

DA Davidson restated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a report released on Thursday, Benzinga reports. They currently have a $235.00 price objective on the e-commerce giant’s stock.

AMZN has been the subject of several other reports. TD Cowen upped their target price on shares of Amazon.com from $225.00 to $245.00 and gave the company a buy rating in a research note on Wednesday, July 10th. JPMorgan Chase & Co. lowered their price target on shares of Amazon.com from $240.00 to $230.00 and set an overweight rating on the stock in a report on Friday, August 2nd. BMO Capital Markets reissued an outperform rating and issued a $230.00 price target on shares of Amazon.com in a report on Thursday, September 19th. Piper Sandler lowered their price target on shares of Amazon.com from $220.00 to $215.00 and set an overweight rating on the stock in a report on Friday, August 2nd. Finally, Evercore ISI boosted their price target on shares of Amazon.com from $225.00 to $240.00 and gave the company an outperform rating in a report on Friday, September 20th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $224.00.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $186.65 on Thursday. The firm has a fifty day simple moving average of $179.16 and a 200-day simple moving average of $183.07. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. Amazon.com has a 1-year low of $118.35 and a 1-year high of $201.20. The stock has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 44.65, a PEG ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. The firm had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. On average, sell-side analysts expect that Amazon.com will post 4.85 earnings per share for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the sale, the chief financial officer now owns 49,000 shares in the company, valued at $8,820,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 54,355 shares of company stock worth $9,877,423 in the last ninety days. Company insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

Hedge funds have recently bought and sold shares of the stock. Cooksen Wealth LLC bought a new position in shares of Amazon.com during the 4th quarter worth approximately $30,000. PayPay Securities Corp grew its stake in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares in the last quarter. Hoese & Co LLP bought a new position in shares of Amazon.com during the 3rd quarter worth approximately $37,000. Clarity Asset Management Inc. bought a new position in shares of Amazon.com during the 4th quarter worth approximately $46,000. Finally, Christopher J. Hasenberg Inc grew its stake in shares of Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after acquiring an additional 260 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.