JMP Securities Reiterates "Market Outperform" Rating for Amazon.com (NASDAQ:AMZN)

Amazon.com (NASDAQ:AMZN)'s stock had its "market outperform" rating restated by investment analysts at JMP Securities in a note issued to investors on Tuesday, Benzinga reports. They presently have a $265.00 price target on the e-commerce giant's stock. JMP Securities' price objective suggests a potential upside of 41.19% from the company's current price.

AMZN has been the subject of a number of other reports. TD Cowen lifted their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the stock a "buy" rating in a report on Wednesday, July 10th. Itau BBA Securities lowered Amazon.com from an "outperform" rating to a "market perform" rating and set a $186.00 price objective on the stock. in a research report on Friday, August 2nd. UBS Group boosted their target price on Amazon.com from $217.00 to $224.00 and gave the stock a "buy" rating in a research report on Tuesday, July 30th. The Goldman Sachs Group decreased their price target on shares of Amazon.com from $250.00 to $230.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Amazon.com from $240.00 to $230.00 and set an "overweight" rating for the company in a research note on Friday, August 2nd. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and a consensus target price of $224.00.

Amazon.com Price Performance

Amazon.com stock traded up $0.15 during midday trading on Tuesday, reaching $187.69. 31,959,447 shares of the stock were exchanged, compared to its average volume of 41,520,047. The company's fifty day moving average is $180.11 and its 200-day moving average is $183.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. Amazon.com has a 52 week low of $118.35 and a 52 week high of $201.20. The firm has a market cap of $1.95 trillion, a PE ratio of 52.13, a PEG ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $148.63 billion. On average, sell-side analysts forecast that Amazon.com will post 4.85 EPS for the current year.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares of the company's stock, valued at $371,759,651.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares of the company's stock, valued at approximately $371,759,651.18. This trade represents a 0.00 % 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 Douglas J. Herrington sold 3,500 shares of the business's stock in a transaction 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 $95,335,255.25. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,355 shares of company stock worth $9,877,423 in the last three months. Corporate insiders own 10.80% of the company's stock.

Institutional Investors Weigh In On Amazon.com

Several large investors have recently made changes to their positions in AMZN. Cooksen Wealth LLC bought a new position in shares of Amazon.com during the 4th quarter valued at approximately $30,000. PayPay Securities Corp increased its holdings in shares of Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock worth $32,000 after buying an additional 64 shares during the last quarter. Hoese & Co LLP purchased a new stake in shares of Amazon.com during the 3rd quarter valued at about $37,000. Christopher J. Hasenberg Inc lifted its holdings in shares of Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock valued at $58,000 after acquiring an additional 260 shares during the last quarter. Finally, Steph & Co. purchased a new position in Amazon.com in the first quarter worth about $65,000. 72.20% of the stock is 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.