Amazon.com (NASDAQ:AMZN) Given “Market Outperform” Rating at JMP Securities

JMP Securities restated their market outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a research note published on Friday,Benzinga reports. They currently have a $285.00 target price on the e-commerce giant’s stock.

A number of other analysts also recently commented on AMZN. Mizuho boosted their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Moffett Nathanson lifted their target price on shares of Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Stifel Nicolaus lifted their target price on shares of Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Roth Mkm lifted their target price on shares of Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Wolfe Research lifted their target price on shares of Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $243.67.

Amazon.com Stock Down 1.4 %

AMZN stock opened at $218.94 on Friday. The company has a market cap of $2.30 trillion, a P/E ratio of 46.88, a P/E/G ratio of 1.54 and a beta of 1.14. Amazon.com has a 52 week low of $149.91 and a 52 week high of $233.00. The company’s 50-day moving average price is $216.20 and its 200 day moving average price is $195.42. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 earnings per share. On average, research analysts expect that Amazon.com will post 5.29 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the sale, the chief executive officer now directly owns 524,567 shares of the company’s stock, valued at $110,159,070. This represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is currently owned by company insiders.

Institutional Trading of Amazon.com

Several institutional investors have recently added to or reduced their stakes in AMZN. Tevis Investment Management raised its holdings in shares of Amazon.com by 5.7% during the second quarter. Tevis Investment Management now owns 3,784 shares of the e-commerce giant’s stock worth $731,000 after purchasing an additional 203 shares during the period. Bridge Advisory LLC raised its holdings in shares of Amazon.com by 4.9% during the second quarter. Bridge Advisory LLC now owns 9,367 shares of the e-commerce giant’s stock worth $1,810,000 after purchasing an additional 440 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Amazon.com by 2.9% during the second quarter. Geneos Wealth Management Inc. now owns 108,381 shares of the e-commerce giant’s stock worth $20,945,000 after purchasing an additional 3,042 shares during the period. U S Global Investors Inc. raised its holdings in shares of Amazon.com by 117.8% during the second quarter. U S Global Investors Inc. now owns 11,980 shares of the e-commerce giant’s stock worth $2,315,000 after purchasing an additional 6,480 shares during the period. Finally, Vinland Capital Management Gestora de Recursos LTDA. acquired a new stake in shares of Amazon.com during the second quarter worth $3,865,000. 72.20% of the stock is owned by institutional investors and hedge funds.

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.