Cantor Fitzgerald Reiterates "Overweight" Rating for Amazon.com (NASDAQ:AMZN)

Amazon.com (NASDAQ:AMZN)'s stock had its "overweight" rating reissued by research analysts at Cantor Fitzgerald in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $270.00 target price on the e-commerce giant's stock. Cantor Fitzgerald's target price would suggest a potential upside of 14.89% from the company's current price.

A number of other brokerages have also issued reports on AMZN. Truist Financial upped their target price on shares of Amazon.com from $265.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Moffett Nathanson increased their target price on Amazon.com from $235.00 to $248.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Wolfe Research boosted their price target on Amazon.com from $250.00 to $270.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Piper Sandler raised their price objective on Amazon.com from $215.00 to $225.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Amazon.com from $225.00 to $232.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $247.72.

Amazon.com Stock Up 1.9 %

AMZN traded up $4.30 on Wednesday, reaching $235.01. The company's stock had a trading volume of 41,375,972 shares, compared to its average volume of 31,919,486. Amazon.com has a 1 year low of $151.61 and a 1 year high of $235.44. The business's 50 day moving average is $218.73 and its 200 day moving average is $196.68. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The stock has a market cap of $2.47 trillion, a price-to-earnings ratio of 50.32, a price-to-earnings-growth ratio of 1.26 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business's quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.85 earnings per share. As a group, research analysts forecast that Amazon.com will post 5.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the firm's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the transaction, the insider now owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AMZN. Mayflower Financial Advisors LLC grew its stake in shares of Amazon.com by 4.8% in the 4th quarter. Mayflower Financial Advisors LLC now owns 33,045 shares of the e-commerce giant's stock valued at $7,250,000 after buying an additional 1,509 shares in the last quarter. BSW Wealth Partners raised its holdings in Amazon.com by 5.1% during the fourth quarter. BSW Wealth Partners now owns 32,754 shares of the e-commerce giant's stock valued at $7,186,000 after buying an additional 1,580 shares in the last quarter. Spectrum Planning & Advisory Services Inc. lifted its position in shares of Amazon.com by 2.0% in the fourth quarter. Spectrum Planning & Advisory Services Inc. now owns 8,172 shares of the e-commerce giant's stock worth $1,793,000 after buying an additional 160 shares during the last quarter. Falcon Wealth Planning boosted its stake in shares of Amazon.com by 11.5% during the 4th quarter. Falcon Wealth Planning now owns 17,691 shares of the e-commerce giant's stock worth $3,881,000 after acquiring an additional 1,829 shares in the last quarter. Finally, Watershed Private Wealth LLC increased its holdings in shares of Amazon.com by 2.9% during the 4th quarter. Watershed Private Wealth LLC now owns 16,438 shares of the e-commerce giant's stock valued at $3,606,000 after acquiring an additional 463 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

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.