Amazon.com (NASDAQ:AMZN) Given “Outperform” Rating at Wedbush

Wedbush reissued their outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a report published on Friday morning, Marketbeat.com reports. Wedbush currently has a $280.00 price objective on the e-commerce giant’s stock.

Other analysts also recently issued reports about the company. Wells Fargo & Company boosted their price target on Amazon.com from $197.00 to $212.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. DA Davidson reaffirmed a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research report on Thursday, October 10th. Telsey Advisory Group restated an “outperform” rating and set a $275.00 target price on shares of Amazon.com in a research report on Friday. HSBC raised their target price on shares of Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $270.00 price target on shares of Amazon.com in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average target price of $260.20.

Amazon.com Price Performance

NASDAQ:AMZN opened at $229.15 on Friday. The company has a market cap of $2.41 trillion, a P/E ratio of 49.07, a P/E/G ratio of 1.35 and a beta of 1.15. The firm’s fifty day moving average price is $226.51 and its two-hundred day moving average price is $200.30. Amazon.com has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Equities analysts expect that Amazon.com will post 5.3 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the completion of the sale, the chief executive officer now directly owns 518,911 shares in the company, valued at $106,797,072.91. This represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Matthew S. Garman sold 15,260 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the transaction, the chief executive officer now owns 349,261 shares in the company, valued at approximately $69,918,559.59. The trade was a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,026,212 shares of company stock worth $625,666,424 over the last ninety days. 10.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Amazon.com

Hedge funds have recently added to or reduced their stakes in the business. Fiera Capital Corp boosted its stake in Amazon.com by 12.5% during the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after acquiring an additional 44,615 shares in the last quarter. Beam Wealth Advisors Inc. raised its holdings in shares of Amazon.com by 138.6% during the second quarter. Beam Wealth Advisors Inc. now owns 12,503 shares of the e-commerce giant’s stock valued at $2,416,000 after purchasing an additional 7,262 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Amazon.com by 21.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 2,410,036 shares of the e-commerce giant’s stock worth $465,739,000 after purchasing an additional 419,503 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its stake in shares of Amazon.com by 0.4% in the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 62,907 shares of the e-commerce giant’s stock valued at $12,157,000 after buying an additional 252 shares during the period. Finally, Redwood Financial Network Corp increased its position in Amazon.com by 3.6% in the 2nd quarter. Redwood Financial Network Corp now owns 10,091 shares of the e-commerce giant’s stock valued at $1,950,000 after buying an additional 349 shares in the last quarter. 72.20% of the stock is currently owned by 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.