Amazon.com (NASDAQ:AMZN) Receives New Coverage from Analysts at Scotiabank

Scotiabank assumed coverage on shares of Amazon.com (NASDAQ:AMZN) in a note issued to investors on Friday, MarketBeat.com reports. The firm set a "sector outperform" rating and a $245.00 price target on the e-commerce giant's stock. Scotiabank's price target would indicate a potential upside of 29.75% from the stock's previous close.

Several other equities research analysts have also weighed in on the company. Wolfe Research assumed coverage on Amazon.com in a report on Tuesday, July 16th. They issued an "outperform" rating and a $250.00 target price for the company. JMP Securities reissued a "market outperform" rating and set a $265.00 target price on shares of Amazon.com in a research report on Friday, October 4th. Barclays raised their price target on Amazon.com from $220.00 to $235.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. Maxim Group boosted their price objective on Amazon.com from $238.00 to $251.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. Finally, Jefferies Financial Group reduced their price target on shares of Amazon.com from $235.00 to $225.00 and set a "buy" rating for the company in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $224.00.

Amazon.com Stock Up 1.2 %

Shares of AMZN stock traded up $2.17 on Friday, reaching $188.82. 25,653,691 shares of the company's stock traded hands, compared to its average volume of 41,664,051. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The company has a market capitalization of $1.98 trillion, a P/E ratio of 45.20, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The business's 50 day moving average price is $179.16 and its two-hundred day moving average price is $183.07. Amazon.com has a 12-month low of $118.35 and a 12-month high of $201.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The company had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. On average, equities analysts forecast that Amazon.com will post 4.85 earnings per share for the current year.

Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the firm's stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares of the company's stock, valued at $12,171,900. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the company's stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total transaction of $662,375.00. Following the sale, the chief executive officer now directly owns 503,753 shares of the company's stock, valued at approximately $95,335,255.25. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,355 shares of company stock worth $9,877,423. Corporate insiders own 10.80% of the company's stock.

Institutional Trading of Amazon.com

Institutional investors and hedge funds have recently modified their holdings of the business. Granite Harbor Advisors Inc. increased its position in Amazon.com by 10.2% during the 3rd quarter. Granite Harbor Advisors Inc. now owns 23,514 shares of the e-commerce giant's stock worth $4,381,000 after purchasing an additional 2,172 shares in the last quarter. Boston Mountain Money Management Inc. increased its holdings in shares of Amazon.com by 2.0% during the third quarter. Boston Mountain Money Management Inc. now owns 3,096 shares of the e-commerce giant's stock worth $577,000 after buying an additional 60 shares in the last quarter. Elk River Wealth Management LLC lifted its stake in shares of Amazon.com by 0.7% in the 3rd quarter. Elk River Wealth Management LLC now owns 77,182 shares of the e-commerce giant's stock valued at $14,381,000 after acquiring an additional 558 shares during the last quarter. Empirical Asset Management LLC boosted its holdings in shares of Amazon.com by 6.8% during the 3rd quarter. Empirical Asset Management LLC now owns 59,387 shares of the e-commerce giant's stock valued at $11,066,000 after acquiring an additional 3,776 shares in the last quarter. Finally, Affinity Wealth Management LLC grew its position in Amazon.com by 1.2% during the 3rd quarter. Affinity Wealth Management LLC now owns 48,131 shares of the e-commerce giant's stock worth $8,968,000 after acquiring an additional 552 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

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.