Amazon.com (NASDAQ:AMZN) Cut to “Market Perform” at Itau BBA Securities

Itau BBA Securities downgraded shares of Amazon.com (NASDAQ:AMZN) from an outperform rating to a market perform rating in a research report sent to investors on Friday, Marketbeat reports. Itau BBA Securities currently has $186.00 price objective on the e-commerce giant’s stock.

Several other analysts have also recently weighed in on AMZN. Wolfe Research began coverage on Amazon.com in a report on Tuesday, July 16th. They set an outperform rating and a $250.00 price objective on the stock. Tigress Financial lifted their price objective on Amazon.com from $210.00 to $245.00 and gave the stock a buy rating in a research report on Thursday, May 30th. Wells Fargo & Company lifted their price target on Amazon.com from $234.00 to $239.00 and gave the company an overweight rating in a research report on Friday, June 28th. BMO Capital Markets lifted their price target on Amazon.com from $220.00 to $230.00 and gave the company an outperform rating in a research report on Thursday, July 25th. Finally, Citigroup lifted their price target on Amazon.com from $235.00 to $245.00 and gave the company a buy rating in a research report on Wednesday, May 1st. Two analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Amazon.com has a consensus rating of Moderate Buy and an average target price of $218.91.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $167.90 on Friday. The business’s 50-day moving average price is $187.12 and its two-hundred day moving average price is $179.54. Amazon.com has a twelve month low of $118.35 and a twelve month high of $201.20. The stock has a market cap of $1.75 trillion, a P/E ratio of 47.03, a PEG ratio of 1.32 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 22.35% and a net margin of 7.35%. The firm had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter last year, the firm posted $0.31 EPS. The company’s revenue was up 12.5% compared to the same quarter last year. As a group, equities analysts predict that Amazon.com will post 4.73 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, VP Shelley Reynolds sold 2,700 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total transaction of $489,753.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $21,726,894.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Jeffrey P. Bezos sold 3,085,116 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the transaction, the insider now directly owns 931,925,277 shares in the company, valued at approximately $186,450,290,169.39. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Shelley Reynolds sold 2,700 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $21,726,894.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,109,490 shares of company stock worth $1,221,619,033. Insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMZN. Blackston Financial Advisory Group LLC purchased a new stake in Amazon.com in the fourth quarter valued at approximately $694,000. Sterling Financial Group Inc. raised its position in Amazon.com by 21.8% in the fourth quarter. Sterling Financial Group Inc. now owns 7,347 shares of the e-commerce giant’s stock valued at $1,116,000 after purchasing an additional 1,314 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new stake in Amazon.com in the fourth quarter valued at approximately $4,840,000. Stordahl Capital Management Inc. raised its position in Amazon.com by 10.9% in the fourth quarter. Stordahl Capital Management Inc. now owns 2,707 shares of the e-commerce giant’s stock valued at $411,000 after purchasing an additional 267 shares during the period. Finally, Sandy Cove Advisors LLC increased its position in shares of Amazon.com by 6.2% during the fourth quarter. Sandy Cove Advisors LLC now owns 13,976 shares of the e-commerce giant’s stock worth $2,124,000 after acquiring an additional 811 shares during the period. Hedge funds and other institutional investors 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.