Amazon.com (NASDAQ:AMZN) Earns "Buy" Rating from Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a report published on Thursday, Benzinga reports. Needham & Company LLC currently has a $210.00 target price on the e-commerce giant's stock.

A number of other equities research analysts have also commented on the company. UBS Group lifted their target price on Amazon.com from $217.00 to $224.00 and gave the company a "buy" rating in a research note on Tuesday, July 30th. DA Davidson reissued a "buy" rating and set a $235.00 target price on shares of Amazon.com in a research note on Thursday, October 10th. JMP Securities restated a "market outperform" rating and set a $265.00 price target on shares of Amazon.com in a report on Tuesday, October 15th. Roth Mkm increased their price objective on Amazon.com from $210.00 to $215.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Finally, Barclays raised their price target on Amazon.com from $220.00 to $235.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and an average target price of $236.78.

Amazon.com Trading Up 0.9 %

AMZN stock traded up $1.67 during mid-day trading on Thursday, reaching $186.38. 21,545,168 shares of the stock traded hands, compared to its average volume of 41,050,395. The stock's fifty day moving average is $183.11 and its 200-day moving average is $183.54. The company has a market cap of $1.94 trillion, a P/E ratio of 52.19, a P/E/G ratio of 1.38 and a beta of 1.14. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. Amazon.com has a 52-week low of $118.35 and a 52-week high of $201.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 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 firm had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. As a group, sell-side analysts expect that Amazon.com will post 4.85 earnings per share for the current year.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the business's stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $189.25, for a total value of $662,375.00. Following the transaction, the chief executive officer now directly owns 503,753 shares in the company, valued at $95,335,255.25. 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 available at this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total value of $662,375.00. Following the completion of the transaction, the chief executive officer now 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 document filed with the SEC, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of the business's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the transaction, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. This 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 quarter. 10.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Amazon.com

A number of institutional investors have recently modified their holdings of AMZN. High Net Worth Advisory Group LLC lifted its position in Amazon.com by 9.8% during the 1st quarter. High Net Worth Advisory Group LLC now owns 26,956 shares of the e-commerce giant's stock valued at $4,862,000 after purchasing an additional 2,417 shares during the period. Purus Wealth Management LLC boosted its stake in Amazon.com by 5.8% in the first quarter. Purus Wealth Management LLC now owns 46,724 shares of the e-commerce giant's stock valued at $8,428,000 after acquiring an additional 2,563 shares during the last quarter. Anderson Hoagland & Co. grew its holdings in Amazon.com by 8.9% during the 1st quarter. Anderson Hoagland & Co. now owns 198,827 shares of the e-commerce giant's stock worth $36,966,000 after acquiring an additional 16,314 shares during the period. Cherrydale Wealth Management LLC raised its position in shares of Amazon.com by 20.3% during the 1st quarter. Cherrydale Wealth Management LLC now owns 6,327 shares of the e-commerce giant's stock valued at $1,141,000 after acquiring an additional 1,067 shares during the last quarter. Finally, Westend Capital Management LLC acquired a new position in shares of Amazon.com in the 1st quarter valued at $8,918,000. 72.20% of the stock is 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.