Amazon.com’s (AMZN) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research note issued to investors on Wednesday, Benzinga reports. Needham & Company LLC currently has a $205.00 price objective on the e-commerce giant’s stock.

Several other equities analysts have also recently weighed in on the stock. Moffett Nathanson reaffirmed a buy rating and issued a $228.00 price target on shares of Amazon.com in a research report on Thursday, April 11th. Wedbush lifted their price target on shares of Amazon.com from $220.00 to $225.00 and gave the stock an outperform rating in a report on Wednesday, April 24th. The Goldman Sachs Group boosted their price target on shares of Amazon.com from $200.00 to $220.00 and gave the company a buy rating in a research report on Friday, February 2nd. Raymond James lifted their target price on Amazon.com from $185.00 to $200.00 and gave the company a strong-buy rating in a report on Friday, February 2nd. Finally, Benchmark reissued a buy rating and set a $200.00 price objective on shares of Amazon.com in a research note on Wednesday, April 24th. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com currently has an average rating of Buy and a consensus target price of $211.07.

Amazon.com Stock Up 0.8 %

Shares of AMZN stock opened at $186.21 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.07. Amazon.com has a 52-week low of $103.31 and a 52-week high of $189.77. The firm’s 50-day moving average is $179.02 and its 200-day moving average is $160.32. The stock has a market cap of $1.94 trillion, a price-to-earnings ratio of 52.16, a PEG ratio of 1.37 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. The firm had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.31 earnings per share. Sell-side analysts predict that Amazon.com will post 4.55 EPS for the current year.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 2,009,208 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the sale, the insider now directly owns 938,251,817 shares in the company, valued at approximately $156,491,020,557.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were 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 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 SEC, which is available at this link. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the sale, the insider now owns 938,251,817 shares in the company, valued at approximately $156,491,020,557.43. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,217,010 shares of company stock valued at $5,506,442,301. 10.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amazon.com

A number of hedge funds have recently made changes to their positions in the company. Ridgecrest Wealth Partners LLC increased its stake in shares of Amazon.com by 0.7% in the 1st quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock valued at $1,399,000 after buying an additional 56 shares during the period. Stordahl Capital Management Inc. increased its position in Amazon.com by 2.1% in the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock worth $498,000 after purchasing an additional 56 shares during the period. Lutz Financial Services LLC lifted its position in Amazon.com by 1.9% during the 1st quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock valued at $551,000 after purchasing an additional 57 shares during the period. Echo45 Advisors LLC boosted its stake in shares of Amazon.com by 0.9% in the 1st quarter. Echo45 Advisors LLC now owns 6,619 shares of the e-commerce giant’s stock valued at $1,194,000 after purchasing an additional 59 shares during the last quarter. Finally, ShoreHaven Wealth Partners LLC grew its position in shares of Amazon.com by 1.9% during the 4th quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock worth $491,000 after buying an additional 60 shares during the period. 72.20% of the stock is currently 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.