Amazon.com (NASDAQ:AMZN) Earns "Market Outperform" Rating from JMP Securities

JMP Securities restated their market outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a $285.00 price objective on the e-commerce giant's stock.

Several other equities research analysts also recently weighed in on the company. Bank of America upped their target price on Amazon.com from $210.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Royal Bank of Canada increased their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. JPMorgan Chase & Co. lifted their price objective on shares of Amazon.com from $250.00 to $280.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. Raymond James upped their target price on shares of Amazon.com from $230.00 to $260.00 and gave the company a "strong-buy" rating in a research note on Tuesday, January 21st. Finally, Stifel Nicolaus lifted their price target on shares of Amazon.com from $224.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and a consensus target price of $249.46.

Amazon.com Trading Down 1.0 %

AMZN stock traded down $2.43 during midday trading on Thursday, reaching $234.64. 31,950,988 shares of the company's stock traded hands, compared to its average volume of 32,440,846. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com has a fifty-two week low of $151.61 and a fifty-two week high of $241.77. The business has a 50-day moving average price of $222.30 and a two-hundred day moving average price of $198.30. The company has a market capitalization of $2.47 trillion, a P/E ratio of 50.24, a PEG ratio of 1.31 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced 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. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion during the quarter, compared to analysts' expectations of $157.28 billion. During the same period in the prior year, the company earned $0.85 EPS. The firm's revenue was up 11.0% on a year-over-year basis. Equities research analysts forecast that Amazon.com will post 5.39 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the business's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm's stock in a transaction that occurred on 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 sale, the director now owns 88,203 shares of the company's stock, valued at $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. Company insiders own 10.80% of the company's stock.

Institutional Investors Weigh In On Amazon.com

A number of institutional investors and hedge funds have recently modified their holdings of AMZN. Fiera Capital Corp lifted its stake in Amazon.com by 12.5% in the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant's stock worth $77,515,000 after acquiring an additional 44,615 shares in the last quarter. Octavia Wealth Advisors LLC increased its holdings in shares of Amazon.com by 6.6% in the 2nd quarter. Octavia Wealth Advisors LLC now owns 103,346 shares of the e-commerce giant's stock valued at $19,972,000 after purchasing an additional 6,415 shares during the period. Oregon Public Employees Retirement Fund lifted its position in shares of Amazon.com by 0.7% in the second quarter. Oregon Public Employees Retirement Fund now owns 786,676 shares of the e-commerce giant's stock worth $152,025,000 after purchasing an additional 5,261 shares in the last quarter. Founders Financial Securities LLC boosted its holdings in shares of Amazon.com by 10.0% during the second quarter. Founders Financial Securities LLC now owns 46,781 shares of the e-commerce giant's stock worth $9,040,000 after purchasing an additional 4,256 shares during the period. Finally, Archer Investment Corp grew its position in Amazon.com by 3.2% during the second quarter. Archer Investment Corp now owns 13,538 shares of the e-commerce giant's stock valued at $2,616,000 after purchasing an additional 418 shares in the last quarter. Institutional investors and hedge funds 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.