Amazon.com (NASDAQ:AMZN) Lifted to Strong-Buy at Cantor Fitzgerald

Amazon.com (NASDAQ:AMZN) was upgraded by stock analysts at Cantor Fitzgerald to a "strong-buy" rating in a note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage presently has a $230.00 price objective on the e-commerce giant's stock. Cantor Fitzgerald's target price would indicate a potential upside of 34.20% from the company's previous close.

Several other brokerages also recently commented on AMZN. Wolfe Research initiated coverage on Amazon.com in a research note on Tuesday, July 16th. They set an "outperform" rating and a $250.00 target price for the company. Tigress Financial upped their price objective on shares of Amazon.com from $210.00 to $245.00 and gave the company a "buy" rating in a report on Thursday, May 30th. JPMorgan Chase & Co. cut their target price 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. Royal Bank of Canada reiterated an "outperform" rating and issued a $215.00 price target on shares of Amazon.com in a research note on Friday, August 2nd. Finally, Morgan Stanley cut their price objective on shares of Amazon.com from $240.00 to $210.00 and set an "overweight" rating for the company in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a hold rating, forty have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Amazon.com currently has an average rating of "Buy" and a consensus target price of $222.49.

Amazon.com Stock Down 3.7 %

Shares of AMZN stock traded down $6.50 during trading on Wednesday, reaching $171.39. The company's stock had a trading volume of 41,140,309 shares, compared to its average volume of 42,515,004. The company has a market cap of $1.78 trillion, a price-to-earnings ratio of 48.82, a price-to-earnings-growth ratio of 1.34 and a beta of 1.14. Amazon.com has a one year low of $118.35 and a one year high of $201.20. The business has a fifty day moving average price of $181.54 and a 200-day moving average price of $181.18. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23.

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 company had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Analysts anticipate that Amazon.com will post 4.86 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares of the company's stock, valued at $371,759,651.18. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares of the company's stock, valued at $8,820,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,104,317 shares of company stock worth $1,220,621,322. Insiders own 10.80% of the company's stock.

Institutional Investors Weigh In On Amazon.com

A number of hedge funds have recently made changes to their positions in the business. Cooksen Wealth LLC bought a new position in shares of Amazon.com during the 4th quarter valued at approximately $30,000. PayPay Securities Corp raised its stake in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock valued at $32,000 after buying an additional 64 shares during the period. Clarity Asset Management Inc. purchased a new position in shares of Amazon.com during the 4th quarter valued at $46,000. Christopher J. Hasenberg Inc increased its holdings in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock worth $58,000 after acquiring an additional 260 shares during the last quarter. Finally, Steph & Co. bought a new position in Amazon.com during the first quarter worth about $65,000. 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.