Amazon.com (NASDAQ:AMZN) Receives “Outperform” Rating from BMO Capital Markets

BMO Capital Markets reiterated their outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a report issued on Friday, Benzinga reports. BMO Capital Markets currently has a $236.00 price target on the e-commerce giant’s stock, up from their prior price target of $230.00.

A number of other equities analysts have also issued reports on the stock. Wells Fargo & Company lowered shares of Amazon.com from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $225.00 to $183.00 in a research report on Monday, October 7th. TD Securities raised their price objective on shares of Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Stifel Nicolaus upped their target price on shares of Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a report on Friday. DA Davidson reissued a “buy” rating and set a $235.00 price target on shares of Amazon.com in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. upped their price objective on Amazon.com from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $244.11.

Amazon.com Stock Up 6.2 %

Amazon.com stock traded up $11.53 during mid-day trading on Friday, hitting $197.93. The company had a trading volume of 99,687,847 shares, compared to its average volume of 41,329,359. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. Amazon.com has a 1 year low of $136.47 and a 1 year high of $201.20. The business has a fifty day moving average of $184.82 and a 200 day moving average of $183.75. The stock has a market cap of $2.08 trillion, a price-to-earnings ratio of 47.35, a PEG ratio of 1.46 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.85 EPS. On average, sell-side analysts expect that Amazon.com will post 4.84 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Andrew R. Jassy sold 20,784 shares of the company’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 completion of the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,855 shares of company stock worth $9,215,048. 10.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Amazon.com

Large investors have recently modified their holdings of the company. PayPay Securities Corp increased its holdings in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares in the last quarter. Hoese & Co LLP purchased a new stake in shares of Amazon.com during the third quarter valued at approximately $37,000. Bull Oak Capital LLC acquired a new position in shares of Amazon.com during the third quarter worth $45,000. Christopher J. Hasenberg Inc boosted its stake in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares during the period. Finally, Values First Advisors Inc. acquired a new stake in Amazon.com during the 3rd quarter valued at $56,000. 72.20% of the stock is currently owned by hedge funds and other 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.