Amazon.com (NASDAQ:AMZN) Earns Buy Rating from Analysts at Westpark Capital

Westpark Capital started coverage on shares of Amazon.com (NASDAQ:AMZN) in a research report sent to investors on Tuesday, MarketBeat reports. The firm issued a buy rating and a $280.00 price target on the e-commerce giant's stock.

Other equities analysts have also issued research reports about the stock. Robert W. Baird boosted their price objective on shares of Amazon.com from $220.00 to $260.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. JMP Securities reiterated a "market outperform" rating and issued a $285.00 price target on shares of Amazon.com in a report on Friday, February 7th. Wells Fargo & Company reduced their price target on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 25th. JPMorgan Chase & Co. lifted their price objective on Amazon.com from $250.00 to $280.00 and gave the company an "overweight" rating in a research report on Wednesday, December 18th. Finally, Wedbush reiterated an "outperform" rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $260.53.

Amazon.com Price Performance

Shares of AMZN traded down $3.43 during mid-day trading on Tuesday, reaching $174.98. 70,788,531 shares of the company's stock were exchanged, compared to its average volume of 40,449,650. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a market cap of $1.85 trillion, a price-to-earnings ratio of 31.50, a PEG ratio of 1.50 and a beta of 1.19. The company has a 50-day simple moving average of $213.46 and a two-hundred day simple moving average of $209.01.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, sell-side analysts predict that Amazon.com will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 5,848 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.72, for a total transaction of $1,290,770.56. Following the completion of the sale, the senior vice president now owns 69,162 shares in the company, valued at $15,265,436.64. The trade was a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. This trade represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,798 shares of company stock valued at $23,341,803. Insiders own 10.80% of the company's stock.

Hedge Funds Weigh In On Amazon.com

A number of large investors have recently bought and sold shares of the business. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com in the fourth quarter valued at $25,000. Accordant Advisory Group Inc increased its holdings in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after acquiring an additional 100 shares during the period. Prudent Man Investment Management Inc. bought a new stake in Amazon.com in the 4th quarter valued at about $27,000. Icon Wealth Advisors LLC boosted its stake in Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock valued at $28,000 after purchasing an additional 25,581 shares during the period. Finally, LSV Asset Management bought a new position in Amazon.com in the 4th quarter worth about $35,000. Institutional investors own 72.20% of the company's stock.

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.