Amazon.com (NASDAQ:AMZN) Earns Outperform Rating from Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a research report report published on Wednesday morning, Benzinga reports. The brokerage currently has a $200.00 target price on the e-commerce giant’s stock.

AMZN has been the subject of a number of other research reports. Mizuho lifted their target price on Amazon.com from $220.00 to $230.00 and gave the stock a buy rating in a report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft raised their price target on Amazon.com from $175.00 to $200.00 and gave the stock a buy rating in a research note on Friday, February 2nd. Wedbush raised their price target on Amazon.com from $210.00 to $220.00 and gave the stock an outperform rating in a research note on Friday, February 2nd. Raymond James raised their price target on Amazon.com from $185.00 to $200.00 and gave the stock a strong-buy rating in a research note on Friday, February 2nd. Finally, Needham & Company LLC raised their price target on Amazon.com from $175.00 to $205.00 and gave the stock a buy rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Buy and a consensus price target of $197.95.

Check Out Our Latest Report on AMZN

Amazon.com Stock Up 0.3 %

Shares of NASDAQ:AMZN opened at $180.38 on Wednesday. Amazon.com has a 52-week low of $97.71 and a 52-week high of $181.70. The firm has a market capitalization of $1.87 trillion, a P/E ratio of 62.20, a P/E/G ratio of 1.57 and a beta of 1.17. The stock has a 50 day moving average price of $170.83 and a 200-day moving average price of $151.47. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. During the same quarter last year, the company earned $0.21 EPS. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. As a group, equities research analysts anticipate that Amazon.com will post 4.08 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $145.63, for a total transaction of $72,815.00. Following the completion of the sale, the chief executive officer now directly owns 118,560 shares of the company’s stock, valued at approximately $17,265,892.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $145.63, for a total transaction of $72,815.00. Following the completion of the sale, the chief executive officer now directly owns 118,560 shares of the company’s stock, valued at approximately $17,265,892.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 50,000 shares of Amazon.com stock in a transaction on Monday, March 4th. The shares were sold at an average price of $180.00, for a total value of $9,000,000.00. Following the sale, the chief executive officer now directly owns 1,994,182 shares of the company’s stock, valued at $358,952,760. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,210,510 shares of company stock worth $5,505,223,106. 12.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp grew its stake in Amazon.com by 1,869.1% during the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after purchasing an additional 310,134,486 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after buying an additional 295,880,050 shares during the last quarter. FMR LLC boosted its stake in shares of Amazon.com by 1,792.4% in the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after buying an additional 270,931,640 shares during the last quarter. Norges Bank acquired a new position in Amazon.com in the 4th quarter worth about $17,700,551,000. Finally, Moneta Group Investment Advisors LLC raised its holdings in Amazon.com by 120,235.9% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock worth $9,784,345,000 after purchasing an additional 116,383,502 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Company Profile

(Get Free Report)

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.

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