Amazon.com (NASDAQ:AMZN) Stock Rating Reaffirmed by JMP Securities

JMP Securities reiterated their market outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a research note issued to investors on Friday, Benzinga reports. The firm currently has a $265.00 price objective on the e-commerce giant's stock.

Several other research analysts have also issued reports on the company. Jefferies Financial Group dropped their price objective on Amazon.com from $235.00 to $225.00 and set a buy rating for the company in a research note on Friday, August 2nd. JPMorgan Chase & Co. lowered their target price on Amazon.com from $240.00 to $230.00 and set an overweight rating for the company in a research note on Friday, August 2nd. Wells Fargo & Company lowered their target price on Amazon.com from $232.00 to $225.00 and set an overweight rating for the company in a research note on Monday, August 26th. Wolfe Research began coverage on Amazon.com in a research note on Tuesday, July 16th. They issued an outperform rating and a $250.00 target price for the company. Finally, Bank of America lowered their target price on Amazon.com from $220.00 to $210.00 and set a buy rating for the company in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of Buy and a consensus price target of $223.65.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded up $4.55 during trading hours on Friday, reaching $186.51. The stock had a trading volume of 40,846,281 shares, compared to its average volume of 41,974,309. The business's fifty day moving average is $179.09 and its two-hundred day moving average is $182.82. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The company has a market cap of $1.94 trillion, a price-to-earnings ratio of 51.73, a PEG ratio of 1.46 and a beta of 1.14. Amazon.com has a twelve month low of $118.35 and a twelve month high of $201.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The firm had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. As a group, research analysts expect that Amazon.com will post 4.86 EPS for the current year.

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com 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 completion of the transaction, the chief executive officer now directly owns 503,753 shares in the company, valued at approximately $95,335,255.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares of the company's stock, valued at $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,549,744 shares of company stock valued at $309,400,324 in the last 90 days. 10.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. FUKOKU MUTUAL LIFE INSURANCE Co boosted its stake in Amazon.com by 0.3% in the 4th quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 148,514 shares of the e-commerce giant's stock valued at $22,565,000 after purchasing an additional 500 shares during the period. Norges Bank bought a new stake in Amazon.com in the 4th quarter valued at $17,700,551,000. BI Asset Management Fondsmaeglerselskab A S boosted its stake in Amazon.com by 2.0% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 552,961 shares of the e-commerce giant's stock valued at $84,017,000 after purchasing an additional 10,739 shares during the period. MainStreet Investment Advisors LLC lifted its position in shares of Amazon.com by 5.4% during the 4th quarter. MainStreet Investment Advisors LLC now owns 87,961 shares of the e-commerce giant's stock valued at $13,365,000 after acquiring an additional 4,502 shares during the period. Finally, Brady Family Wealth LLC lifted its position in shares of Amazon.com by 8.4% during the 4th quarter. Brady Family Wealth LLC now owns 29,955 shares of the e-commerce giant's stock valued at $4,551,000 after acquiring an additional 2,317 shares during the period. 72.20% of the stock is currently owned by 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.