Amazon.com, Inc. (NASDAQ:AMZN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Amazon.com, Inc. (NASDAQ:AMZN) have been given a consensus recommendation of “Moderate Buy” by the forty-six brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $143.12.

A number of brokerages have weighed in on AMZN. Wedbush raised their price objective on Amazon.com from $125.00 to $129.00 in a research note on Friday, April 28th. Truist Financial upped their target price on Amazon.com from $142.00 to $144.00 in a report on Wednesday, April 12th. UBS Group lifted their price objective on shares of Amazon.com from $125.00 to $130.00 in a research report on Friday, April 28th. Barclays decreased their price target on Amazon.com from $150.00 to $140.00 in a research note on Friday, April 28th. Finally, Morgan Stanley upped their price target on shares of Amazon.com from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, February 3rd.

Insider Activity

In other Amazon.com news, CEO Adam Selipsky sold 10,760 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $110.33, for a total transaction of $1,187,150.80. Following the completion of the sale, the chief executive officer now directly owns 150,120 shares of the company’s stock, valued at approximately $16,562,739.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Adam Selipsky sold 10,760 shares of Amazon.com stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $110.33, for a total transaction of $1,187,150.80. Following the completion of the sale, the chief executive officer now owns 150,120 shares in the company, valued at approximately $16,562,739.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Brian T. Olsavsky sold 16,760 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $95.25, for a total value of $1,596,390.00. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at $4,667,250. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,019 shares of company stock valued at $6,053,511. Insiders own 12.70% of the company’s stock.

Institutional Trading of Amazon.com

A number of hedge funds and other institutional investors have recently made changes to their positions in AMZN. Vanguard Group Inc. increased its position in Amazon.com by 1.8% during the third quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock worth $79,275,249,000 after buying an additional 12,456,995 shares in the last quarter. State Street Corp raised its position in shares of Amazon.com by 1.0% during the third quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock worth $37,272,937,000 after purchasing an additional 3,121,516 shares during the period. Price T Rowe Associates Inc. MD grew its position in Amazon.com by 1,838.8% during the 2nd 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 purchasing an additional 295,880,050 shares in the last quarter. FMR LLC grew its holdings in shares of Amazon.com by 1,792.4% during the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after acquiring an additional 270,931,640 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Amazon.com by 2.3% during the first quarter. Geode Capital Management LLC now owns 165,309,180 shares of the e-commerce giant’s stock valued at $17,031,683,000 after acquiring an additional 3,774,390 shares in the last quarter. Institutional investors and hedge funds own 57.64% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $118.15 on Friday. The company has a market cap of $1.21 trillion, a PE ratio of 281.31, a P/E/G ratio of 3.94 and a beta of 1.26. The stock has a fifty day moving average price of $103.12 and a 200 day moving average price of $96.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.92 and a quick ratio of 0.69. Amazon.com has a 1-year low of $81.43 and a 1-year high of $146.57.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The firm had revenue of $127.36 billion for the quarter, compared to analyst estimates of $124.57 billion. During the same quarter last year, the business earned $0.21 earnings per share. Amazon.com’s revenue was up 9.4% compared to the same quarter last year. Sell-side analysts forecast that Amazon.com will post 1.57 EPS for the current year.

About Amazon.com

(Get Rating)

Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.