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

Amazon.com (NASDAQ:AMZN)‘s stock had its “outperform” rating restated by research analysts at BMO Capital Markets in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $236.00 target price on the e-commerce giant’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 12.00% from the stock’s previous close.

A number of other equities analysts have also commented on AMZN. Redburn Atlantic raised their target price on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Morgan Stanley raised their price target on Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Cantor Fitzgerald reiterated an “overweight” rating and set a $230.00 target price on shares of Amazon.com in a report on Monday, October 7th. Evercore ISI upped their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Rosenblatt Securities lifted their price objective on shares of Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $236.20.

Amazon.com Price Performance

AMZN stock traded up $2.82 during mid-day trading on Tuesday, hitting $210.71. The company had a trading volume of 39,523,185 shares, compared to its average volume of 40,312,520. The company has a 50-day moving average price of $194.78 and a 200 day moving average price of $186.94. Amazon.com has a 12-month low of $142.81 and a 12-month high of $215.90. The company has a market capitalization of $2.22 trillion, a price-to-earnings ratio of 45.12, a P/E/G ratio of 1.39 and a beta of 1.16. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the prior year, the company earned $0.85 EPS. The business’s revenue was up 11.0% compared to the same quarter last year. On average, research analysts anticipate that Amazon.com will post 5.29 earnings per share for the current year.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the sale, the insider now directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,026,683 shares of company stock worth $1,252,148,795. 10.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amazon.com

Several institutional investors have recently modified their holdings of the company. China Universal Asset Management Co. Ltd. boosted its holdings in shares of Amazon.com by 31.6% in the first quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock valued at $32,894,000 after acquiring an additional 43,759 shares during the period. Quent Capital LLC increased its stake in Amazon.com by 3.3% in the first quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock valued at $6,084,000 after purchasing an additional 1,081 shares during the period. NWK Group Inc. boosted its stake in shares of Amazon.com by 2.2% during the first quarter. NWK Group Inc. now owns 69,472 shares of the e-commerce giant’s stock worth $12,531,000 after buying an additional 1,481 shares during the period. Orion Capital Management LLC boosted its stake in shares of Amazon.com by 2.4% during the first quarter. Orion Capital Management LLC now owns 30,729 shares of the e-commerce giant’s stock worth $5,542,000 after buying an additional 715 shares during the period. Finally, Hillsdale Investment Management Inc. grew its holdings in shares of Amazon.com by 3.8% during the first quarter. Hillsdale Investment Management Inc. now owns 13,424 shares of the e-commerce giant’s stock worth $2,421,000 after buying an additional 486 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

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.