Roth Mkm Reiterates Buy Rating for Amazon.com (NASDAQ:AMZN)

Roth Mkm reissued their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a report published on Tuesday, Benzinga reports. Roth Mkm currently has a $205.00 price target on the e-commerce giant’s stock.

Other research analysts have also recently issued research reports about the company. Bank of America increased their price objective on Amazon.com from $185.00 to $204.00 and gave the stock a buy rating in a research note on Friday, February 2nd. The Goldman Sachs Group lifted their price objective on shares of Amazon.com from $200.00 to $220.00 and gave the company a buy rating in a research note on Friday, February 2nd. Morgan Stanley lifted their price target on Amazon.com from $185.00 to $200.00 and gave the company an overweight rating in a research note on Friday, February 2nd. Evercore ISI raised their price objective on Amazon.com from $195.00 to $220.00 and gave the company an outperform rating in a report on Friday, February 2nd. Finally, Sanford C. Bernstein increased their price target on shares of Amazon.com from $175.00 to $200.00 and gave the company an outperform rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Buy and an average target price of $201.98.

Amazon.com Stock Down 0.2 %

Shares of AMZN stock opened at $183.32 on Tuesday. Amazon.com has a 12 month low of $101.15 and a 12 month high of $189.77. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The stock has a market cap of $1.91 trillion, a P/E ratio of 63.21, a P/E/G ratio of 1.62 and a beta of 1.17. The company has a 50 day simple moving average of $176.88 and a two-hundred day simple moving average of $156.19.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. During the same period in the previous year, the firm posted $0.21 EPS. Amazon.com’s revenue for the quarter was up 13.9% compared to the same quarter last year. On average, research analysts expect that Amazon.com will post 4.08 earnings per share for the current year.

Insider Transactions at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $152.78, for a total transaction of $76,390.00. Following the completion of the sale, the chief executive officer now directly owns 117,560 shares of the company’s stock, valued at $17,960,816.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at $20,239,226.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $152.78, for a total transaction of $76,390.00. Following the transaction, the chief executive officer now owns 117,560 shares in the company, valued at $17,960,816.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,214,010 shares of company stock worth $5,505,874,846. Insiders own 12.70% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Institutional investors and hedge funds have recently modified their holdings of the company. Kavar Capital Partners Group LLC increased its holdings in Amazon.com by 7.6% during the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after acquiring an additional 79 shares in the last quarter. IFM Investors Pty Ltd increased its stake in shares of Amazon.com by 21.8% during the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after purchasing an additional 13,060 shares in the last quarter. Ironwood Wealth Management LLC. raised its position in shares of Amazon.com by 0.8% during the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after purchasing an additional 15 shares during the last quarter. Markel Corp lifted its stake in Amazon.com by 0.6% in the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after buying an additional 550 shares in the last quarter. Finally, Leelyn Smith LLC grew its holdings in Amazon.com by 24.8% during the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after buying an additional 540 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

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.