Amazon.com (NASDAQ:AMZN) Rating Reiterated by Wedbush

Amazon.com (NASDAQ:AMZN)‘s stock had its “outperform” rating restated by investment analysts at Wedbush in a research note issued on Friday, Benzinga reports. They currently have a $180.00 target price on the e-commerce giant’s stock. Wedbush’s price target suggests a potential upside of 28.21% from the stock’s current price.

Several other research analysts have also weighed in on AMZN. Credit Suisse Group increased their target price on Amazon.com from $176.00 to $189.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. StockNews.com lowered Amazon.com from a “buy” rating to a “hold” rating in a research report on Friday. Canaccord Genuity Group raised their price objective on Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Evercore ISI raised their price objective on Amazon.com from $150.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Finally, Mizuho raised their price objective on Amazon.com from $160.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Three research analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.22.

Amazon.com Trading Down 3.0 %

Shares of AMZN opened at $140.39 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $1.45 trillion, a P/E ratio of 110.54, a price-to-earnings-growth ratio of 1.92 and a beta of 1.24. The stock’s fifty day simple moving average is $135.07 and its 200 day simple moving average is $119.24. Amazon.com has a twelve month low of $81.43 and a twelve month high of $145.86.

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

Insider Activity

In other news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $133.87, for a total transaction of $414,997.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $16,034,948.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, major shareholder Amazon Com Inc sold 1,177,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the sale, the insider now owns 12,741,445 shares of the company’s stock, valued at $248,458,177.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $133.87, for a total value of $414,997.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $16,034,948.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,365,829 shares of company stock valued at $49,002,857. Insiders own 12.30% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Amazon.com by 1,869.1% in the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after buying an additional 310,134,486 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings 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 valued at $33,134,481,000 after buying an additional 295,880,050 shares in the last quarter. FMR LLC grew its position in 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 worth $30,381,089,000 after purchasing an additional 270,931,640 shares in the last quarter. Moneta Group Investment Advisors LLC grew its position in Amazon.com by 120,235.9% during 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 in the last quarter. Finally, Norges Bank purchased a new position in Amazon.com during the 4th quarter worth approximately $8,263,591,000. Institutional investors 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.