Amazon.com (NASDAQ:AMZN) Earns Buy Rating from DA Davidson

DA Davidson reiterated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research report sent to investors on Thursday morning, Benzinga reports. They currently have a $235.00 target price on the e-commerce giant’s stock.

A number of other analysts have also recently commented on the stock. Needham & Company LLC restated a buy rating and set a $205.00 target price on shares of Amazon.com in a report on Thursday. JMP Securities lifted their price target on shares of Amazon.com from $175.00 to $225.00 and gave the company an outperform rating in a research report on Friday, February 2nd. Stifel Nicolaus upped their price objective on shares of Amazon.com from $200.00 to $224.00 and gave the stock a buy rating in a report on Tuesday, April 16th. Truist Financial raised their target price on shares of Amazon.com from $195.00 to $216.00 and gave the company a buy rating in a research note on Wednesday. Finally, Benchmark boosted their price target on Amazon.com from $175.00 to $200.00 and gave the stock a buy rating in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Buy and a consensus price target of $202.80.

Amazon.com Stock Performance

Shares of AMZN opened at $174.63 on Thursday. The company has a 50-day simple moving average of $177.28 and a two-hundred day simple moving average of $157.06. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The firm has a market capitalization of $1.82 trillion, a PE ratio of 60.22, a price-to-earnings-growth ratio of 1.56 and a beta of 1.16. Amazon.com has a one year low of $101.15 and a one year high of $189.77.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. During the same quarter in the prior year, the company earned $0.21 EPS. The business’s revenue was up 13.9% compared to the same quarter last year. On average, analysts anticipate that Amazon.com will post 4.1 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the transaction, the chief executive officer now owns 116,560 shares in the company, valued at approximately $18,150,723.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $180.73, for a total transaction of $632,555.00. Following the completion of the transaction, the chief executive officer now directly owns 512,858 shares in the company, valued at approximately $92,688,826.34. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the sale, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,213,510 shares of company stock valued at $5,505,798,456. Insiders own 12.30% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Hedge funds have recently modified their holdings of the company. Mayflower Financial Advisors LLC boosted its stake in shares of Amazon.com by 0.3% in the third quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock worth $25,000 after acquiring an additional 572 shares during the period. Cooksen Wealth LLC bought a new position in Amazon.com in the 4th quarter worth approximately $30,000. PayPay Securities Corp grew its holdings in Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 94 shares in the last quarter. Laurel Wealth Planning LLC raised its position in shares of Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 304 shares during the last quarter. Finally, Sanctuary Wealth Management L.L.C. purchased a new position in shares of Amazon.com in the fourth quarter worth $37,000. 72.20% of the stock is currently owned by institutional investors.

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.