Raymond James Reaffirms Outperform Rating for Amazon.com (NASDAQ:AMZN)

Raymond James reaffirmed their outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a research note released on Monday morning, MarketBeat.com reports. Raymond James currently has a $195.00 price objective on the e-commerce giant's stock, down from their previous price objective of $275.00.

A number of other equities research analysts have also weighed in on AMZN. JMP Securities cut their target price on shares of Amazon.com from $285.00 to $240.00 and set a "market outperform" rating on the stock in a research note on Monday, April 14th. Rosenblatt Securities lifted their price objective on Amazon.com from $236.00 to $287.00 and gave the company a "buy" rating in a research report on Friday, February 7th. DA Davidson decreased their target price on Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Loop Capital raised their target price on Amazon.com from $275.00 to $285.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Finally, Westpark Capital assumed coverage on Amazon.com in a research note on Tuesday, April 1st. They issued a "buy" rating and a $280.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company's stock. According to MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and an average target price of $247.56.

Amazon.com Trading Up 1.6 %

Shares of Amazon.com stock traded up $3.05 during trading on Monday, reaching $189.59. 24,359,282 shares of the stock were exchanged, compared to its average volume of 41,910,295. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The firm has a market cap of $2.01 trillion, a price-to-earnings ratio of 34.31, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. Amazon.com has a 1 year low of $151.61 and a 1 year high of $242.52. The stock's fifty day moving average is $194.27 and its 200 day moving average is $207.70.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, equities research analysts expect that Amazon.com will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the sale, the chief executive officer now owns 497,067 shares of the company's stock, valued at approximately $114,459,618.09. This trade represents a 5.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 104,798 shares of company stock worth $23,341,803. 10.80% of the stock is owned by corporate insiders.

Institutional Trading of Amazon.com

Hedge funds have recently bought and sold shares of the stock. Rench Wealth Management Inc. grew its holdings in shares of Amazon.com by 7.9% in the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock valued at $9,392,000 after purchasing an additional 3,703 shares in the last quarter. Blankinship & Foster LLC lifted its position in Amazon.com by 216.4% during the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock valued at $1,291,000 after purchasing an additional 4,740 shares during the last quarter. One Wealth Capital Management LLC purchased a new position in shares of Amazon.com in the 4th quarter worth $4,270,000. Floyd Financial Group LLC bought a new stake in shares of Amazon.com in the 4th quarter worth about $4,494,000. Finally, Patton Albertson Miller Group LLC raised its position in shares of Amazon.com by 2.7% during the 4th quarter. Patton Albertson Miller Group LLC now owns 18,790 shares of the e-commerce giant's stock valued at $4,122,000 after buying an additional 495 shares in the last quarter. Hedge funds and other 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.