Amazon.com (NASDAQ:AMZN) Receives “Market Outperform” Rating from JMP Securities

Amazon.com (NASDAQ:AMZN)‘s stock had its “market outperform” rating reissued by equities research analysts at JMP Securities in a research report issued on Wednesday, Benzinga reports. They presently have a $225.00 target price on the e-commerce giant’s stock. JMP Securities’ target price points to a potential upside of 27.15% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Truist Financial raised their target price on Amazon.com from $195.00 to $216.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Bank of America raised their price target on Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Stifel Nicolaus raised their price target on Amazon.com from $200.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft raised their price objective on Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, TD Cowen raised their price objective on Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Amazon.com has an average rating of “Buy” and an average target price of $204.76.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded down $2.58 during midday trading on Wednesday, hitting $176.96. 23,889,772 shares of the stock traded hands, compared to its average volume of 42,598,469. Amazon.com has a one year low of $101.15 and a one year high of $189.77. The firm has a 50-day moving average of $177.60 and a two-hundred day moving average of $157.99. The firm has a market capitalization of $1.84 trillion, a P/E ratio of 60.95, a PEG ratio of 1.54 and a beta of 1.16. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. During the same period last year, the firm earned $0.21 EPS. Amazon.com’s revenue for the quarter was up 13.9% compared to the same quarter last year. On average, equities analysts forecast that Amazon.com will post 4.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the sale, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the sale, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 20,200 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the completion of the sale, the chief executive officer now directly owns 514,131 shares of the company’s stock, valued at $87,397,128.69. The disclosure for this sale can be found here. Insiders sold a total of 32,214,010 shares of company stock worth $5,505,889,146 over the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Cooksen Wealth LLC acquired a new position in shares of Amazon.com during the fourth quarter worth about $30,000. PayPay Securities Corp grew its position in Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its position in Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 86 shares during the period. Strid Group LLC acquired a new position in Amazon.com during the fourth quarter worth about $43,000. Finally, Harbor Investment Advisory LLC grew its position in Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 1,988 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.