Amazon.com’s (AMZN) Buy Rating Reiterated at Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research note issued to investors on Wednesday, Benzinga reports. Roth Mkm currently has a $210.00 price objective on the e-commerce giant’s stock, up from their previous price objective of $205.00.

Other research analysts also recently issued research reports about the company. Raymond James increased their price target on Amazon.com from $200.00 to $205.00 and gave the company a strong-buy rating in a research note on Wednesday. Citigroup increased their target price on Amazon.com from $235.00 to $245.00 and gave the company a buy rating in a research note on Wednesday. Maxim Group decreased their target price on Amazon.com from $318.00 to $238.00 and set a buy rating for the company in a research report on Wednesday. Evercore ISI increased their price target on shares of Amazon.com from $220.00 to $225.00 and gave the company an outperform rating in a research report on Wednesday. Finally, JMP Securities restated a market outperform rating and set a $225.00 price objective on shares of Amazon.com in a report on Wednesday. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has an average rating of Buy and an average target price of $211.07.

Amazon.com Stock Performance

Amazon.com stock opened at $186.21 on Wednesday. The firm has a market capitalization of $1.93 trillion, a P/E ratio of 52.16, a P/E/G ratio of 1.55 and a beta of 1.15. The stock has a fifty day moving average price of $178.79 and a two-hundred day moving average price of $159.95. Amazon.com has a 52-week low of $103.31 and a 52-week high of $189.77. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter in the prior year, the company earned $0.31 EPS. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. As a group, analysts anticipate that Amazon.com will post 4.12 EPS for the current fiscal year.

Insider Activity

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the sale, the chief executive officer now owns 131,600 shares in the company, valued at $24,214,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the transaction, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the transaction, the insider now directly owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The disclosure for this sale can be found here. Insiders have sold 32,217,010 shares of company stock worth $5,506,442,301 over the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Amazon.com

A number of hedge funds and other institutional investors have recently bought and sold shares of AMZN. 1900 Wealth Management LLC lifted its holdings in Amazon.com by 7.9% during the 3rd quarter. 1900 Wealth Management LLC now owns 26,006 shares of the e-commerce giant’s stock worth $3,306,000 after purchasing an additional 1,899 shares in the last quarter. Park Place Capital Corp increased its position in shares of Amazon.com by 4.0% during the third quarter. Park Place Capital Corp now owns 22,054 shares of the e-commerce giant’s stock valued at $2,804,000 after buying an additional 857 shares during the period. Kozak & Associates Inc. lifted its holdings in shares of Amazon.com by 81.9% in the third quarter. Kozak & Associates Inc. now owns 54,534 shares of the e-commerce giant’s stock worth $6,978,000 after buying an additional 24,549 shares in the last quarter. Avior Wealth Management LLC boosted its position in shares of Amazon.com by 0.3% in the third quarter. Avior Wealth Management LLC now owns 71,767 shares of the e-commerce giant’s stock valued at $9,123,000 after acquiring an additional 225 shares during the period. Finally, Founders Financial Securities LLC boosted its position in shares of Amazon.com by 5.6% in the third quarter. Founders Financial Securities LLC now owns 40,762 shares of the e-commerce giant’s stock valued at $5,182,000 after acquiring an additional 2,147 shares during the period. 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.