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

Shares of Amazon.com, Inc. (NASDAQ:AMZN) have been given an average rating of “Moderate Buy” by the forty-five brokerages that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and forty-three have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $168.80.

A number of brokerages have recently issued reports on AMZN. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $175.00 price target on shares of Amazon.com in a report on Tuesday, October 17th. Loop Capital upped their price target on Amazon.com from $180.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, August 23rd. Argus reaffirmed a “buy” rating and set a $165.00 price target on shares of Amazon.com in a report on Wednesday, September 27th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $165.00 price target on shares of Amazon.com in a report on Tuesday, October 10th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $170.00 price target on shares of Amazon.com in a report on Thursday, October 19th.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 70,056 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $139.86, for a total transaction of $9,798,032.16. Following the completion of the transaction, the chief executive officer now owns 104,864 shares in the company, valued at approximately $14,666,279.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, CEO Adam Selipsky sold 70,056 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $139.86, for a total transaction of $9,798,032.16. Following the completion of the transaction, the chief executive officer now owns 104,864 shares in the company, valued at approximately $14,666,279.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian T. Olsavsky sold 16,800 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $133.61, for a total value of $2,244,648.00. Following the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $6,546,890. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 182,145 shares of company stock valued at $25,278,008. 12.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Amazon.com

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Truepoint Inc. boosted its holdings in shares of Amazon.com by 106.2% in the 3rd quarter. Truepoint Inc. now owns 22,795 shares of the e-commerce giant’s stock worth $2,898,000 after purchasing an additional 11,742 shares during the period. Manchester Capital Management LLC boosted its holdings in shares of Amazon.com by 2.3% in the 3rd quarter. Manchester Capital Management LLC now owns 138,399 shares of the e-commerce giant’s stock worth $17,593,000 after purchasing an additional 3,151 shares during the period. Mizuho Markets Americas LLC purchased a new position in shares of Amazon.com in the 3rd quarter worth approximately $12,751,000. Fi3 FINANCIAL ADVISORS LLC boosted its holdings in shares of Amazon.com by 9.3% in the 3rd quarter. Fi3 FINANCIAL ADVISORS LLC now owns 13,248 shares of the e-commerce giant’s stock worth $1,684,000 after purchasing an additional 1,130 shares during the period. Finally, Atomi Financial Group Inc. boosted its holdings in Amazon.com by 51.5% during the 3rd quarter. Atomi Financial Group Inc. now owns 18,768 shares of the e-commerce giant’s stock valued at $2,386,000 after acquiring an additional 6,380 shares during the period. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Amazon.com Trading Down 1.0 %

Amazon.com stock opened at $140.60 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.74 and a debt-to-equity ratio of 0.33. The business’s fifty day simple moving average is $132.96 and its two-hundred day simple moving average is $127.79. Amazon.com has a 12 month low of $81.43 and a 12 month high of $145.86. The company has a market capitalization of $1.45 trillion, a price-to-earnings ratio of 72.85, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17.

Amazon.com Company Profile

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.