Amazon.com’s (AMZN) Outperform Rating Reaffirmed at Wedbush

Wedbush reissued their outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a research note published on Friday morning, Benzinga reports. Wedbush currently has a $180.00 price objective on the e-commerce giant’s stock.

A number of other research firms have also weighed in on AMZN. CICC Research assumed coverage on shares of Amazon.com in a report on Sunday, July 9th. They issued an outperform rating for the company. Rosenblatt Securities raised shares of Amazon.com from a neutral rating to a buy rating and raised their target price for the company from $111.00 to $184.00 in a report on Friday, August 4th. Mizuho raised their target price on shares of Amazon.com from $160.00 to $180.00 and gave the company a buy rating in a report on Friday, August 4th. BNP Paribas raised shares of Amazon.com from an underperform rating to a neutral rating and set a $140.00 target price for the company in a report on Friday, August 4th. Finally, Canaccord Genuity Group raised their target price on shares of Amazon.com from $160.00 to $170.00 and gave the company a buy rating in a report on Friday, August 4th. Three equities research analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of Moderate Buy and an average price target of $161.22.

Amazon.com Trading Down 0.3 %

Shares of AMZN opened at $139.98 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.70. Amazon.com has a 1 year low of $81.43 and a 1 year high of $145.86. The company has a 50 day simple moving average of $135.07 and a two-hundred day simple moving average of $119.43. The firm has a market cap of $1.44 trillion, a P/E ratio of 110.22, a price-to-earnings-growth ratio of 1.92 and a beta of 1.24.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.29. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. The business had revenue of $134.38 billion during the quarter, compared to analyst estimates of $131.54 billion. On average, equities analysts expect that Amazon.com will post 2.23 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $125.07, for a total transaction of $62,535.00. Following the sale, the chief executive officer now owns 151,780 shares in the company, valued at $18,983,124.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $125.07, for a total transaction of $62,535.00. Following the completion of the sale, the chief executive officer now owns 151,780 shares of the company’s stock, valued at $18,983,124.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Amazon Com Inc sold 1,177,000 shares of Amazon.com stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total value of $22,951,500.00. Following the sale, the insider now directly owns 12,741,445 shares of the company’s stock, valued at approximately $248,458,177.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,408,645 shares of company stock worth $55,216,743. Insiders own 12.30% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Institutional investors and hedge funds have recently modified their holdings of the company. Kavar Capital Partners Group LLC raised its stake in shares of Amazon.com by 7.6% during the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after buying an additional 79 shares during the period. IFM Investors Pty Ltd raised its stake in shares of Amazon.com by 21.8% during the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after buying an additional 13,060 shares during the period. Ironwood Wealth Management LLC. raised its stake in shares of Amazon.com by 0.8% during the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after buying an additional 15 shares during the period. Markel Corp raised its stake in shares of Amazon.com by 0.6% during the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after buying an additional 550 shares during the period. Finally, Leelyn Smith LLC raised its stake in shares of Amazon.com by 24.8% during the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after buying an additional 540 shares during the period. Institutional investors and hedge funds own 57.96% of the company’s stock.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.