Amazon.com’s (AMZN) “Buy” Rating Reaffirmed at Needham & Company LLC

Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating restated by stock analysts at Needham & Company LLC in a report released on Thursday, Benzinga reports. They presently have a $205.00 price objective on the e-commerce giant’s stock. Needham & Company LLC’s target price would suggest a potential upside of 17.39% from the stock’s current price.

Several other research firms have also recently commented on AMZN. Oppenheimer boosted their price target on Amazon.com from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Evercore ISI increased their target price on Amazon.com from $195.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Barclays raised their price target on shares of Amazon.com from $190.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Roth Mkm reaffirmed a “buy” rating and issued a $205.00 price target on shares of Amazon.com in a report on Tuesday. Finally, Monness Crespi & Hardt raised their price objective on shares of Amazon.com from $170.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $202.80.

Amazon.com Stock Down 2.6 %

Shares of NASDAQ:AMZN opened at $174.63 on Thursday. The company has a market capitalization of $1.82 trillion, a price-to-earnings ratio of 60.22, a price-to-earnings-growth ratio of 1.57 and a beta of 1.16. The company has a 50 day moving average of $177.28 and a two-hundred day moving average of $156.83. Amazon.com has a 52-week low of $101.15 and a 52-week high of $189.77. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share 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 business had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. During the same period last year, the business earned $0.21 EPS. The business’s revenue was up 13.9% on a year-over-year basis. As a group, analysts forecast that Amazon.com will post 4.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the sale, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, April 1st. The stock was sold at an average price of $180.73, for a total value of $632,555.00. Following 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the sale, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at $24,214,400. The disclosure for this sale can be found here. Insiders have sold a total of 32,213,510 shares of company stock valued at $5,505,798,456 over the last three months. Company insiders own 12.30% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

A number of institutional investors have recently bought and sold shares of AMZN. Bridgefront Capital LLC acquired a new position in Amazon.com in the 1st quarter worth approximately $228,000. Krane Funds Advisors LLC lifted its holdings in shares of Amazon.com by 239.1% in the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after purchasing an additional 55 shares in the last quarter. Range Financial Group LLC acquired a new stake in shares of Amazon.com in the first quarter worth $258,000. My Personal CFO LLC acquired a new stake in shares of Amazon.com in the first quarter worth $261,000. Finally, Worth Asset Management LLC purchased a new position in shares of Amazon.com during the first quarter valued at $191,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Company Profile

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.