Amazon.com’s (AMZN) Buy Rating Reiterated at Needham & Company LLC

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

AMZN has been the topic of a number of other research reports. Wedbush reaffirmed an outperform rating and set a $225.00 price objective on shares of Amazon.com in a research report on Friday, August 2nd. Roth Mkm upped their price target on Amazon.com from $210.00 to $215.00 and gave the stock a buy rating in a report on Friday, August 2nd. Barclays lifted their price objective on Amazon.com from $220.00 to $235.00 and gave the company an overweight rating in a research note on Friday, August 2nd. Jefferies Financial Group cut their target price on shares of Amazon.com from $235.00 to $225.00 and set a buy rating on the stock in a research note on Friday, August 2nd. Finally, UBS Group raised their target price on shares of Amazon.com from $217.00 to $224.00 and gave the company a buy rating in a report on Tuesday, July 30th. One investment analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Buy and a consensus target price of $222.49.

Amazon.com Price Performance

AMZN opened at $186.49 on Thursday. The stock’s 50-day moving average price is $179.51 and its 200 day moving average price is $181.62. Amazon.com has a 12-month low of $118.35 and a 12-month high of $201.20. The firm has a market cap of $1.96 trillion, a price-to-earnings ratio of 52.24, a PEG ratio of 1.39 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 (NASDAQ:AMZN) last issued its quarterly earnings results 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. The business had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. As a group, sell-side analysts expect that Amazon.com will post 4.86 earnings per share for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, 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 transaction of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $195.99, for a total value of $685,965.00. Following the sale, the chief executive officer now owns 519,753 shares in the company, valued at approximately $101,866,390.47. The disclosure for this sale can be found here. Insiders sold 6,104,317 shares of company stock valued at $1,220,621,322 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cooksen Wealth LLC acquired a new position in shares of Amazon.com during the fourth quarter worth about $30,000. PayPay Securities Corp increased its position in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares during the last quarter. Clarity Asset Management Inc. acquired a new position in shares of Amazon.com in the fourth quarter worth about $46,000. Christopher J. Hasenberg Inc boosted its holdings in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares during the last quarter. Finally, Steph & Co. acquired a new stake in Amazon.com during the 1st quarter valued at approximately $65,000. Institutional investors and hedge funds 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.