Amazon.com (NASDAQ:AMZN) Given “Outperform” Rating at Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has a $265.00 target price on the e-commerce giant’s stock.

Several other research analysts also recently issued reports on the stock. Piper Sandler upped their price target on shares of Amazon.com from $250.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Citigroup reaffirmed an “overweight” rating on shares of Amazon.com in a research note on Wednesday. Cowen reissued a “buy” rating on shares of Amazon.com in a research note on Friday, August 1st. Monness Crespi & Hardt boosted their price objective on shares of Amazon.com from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Finally, Benchmark reaffirmed a “buy” rating and set a $260.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Amazon.com presently has an average rating of “Buy” and a consensus price target of $262.45.

Amazon.com Stock Up 1.4%

Shares of AMZN opened at $224.66 on Wednesday. The company has a market capitalization of $2.40 trillion, a P/E ratio of 34.25, a PEG ratio of 1.49 and a beta of 1.31. Amazon.com has a one year low of $161.38 and a one year high of $242.52. The business’s 50 day simple moving average is $220.60 and its 200-day simple moving average is $208.72. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The business’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.26 earnings per share. As a group, sell-side analysts predict that Amazon.com will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the sale, the insider owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 25,096,253 shares of company stock worth $5,673,745,409 over the last ninety days. 9.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Amazon.com

Several hedge funds have recently made changes to their positions in AMZN. Castlekeep Investment Advisors LLC bought a new position in shares of Amazon.com in the 4th quarter valued at about $25,000. Prudent Man Investment Management Inc. acquired a new position in Amazon.com during the fourth quarter valued at approximately $27,000. Carderock Capital Management Inc. bought a new position in Amazon.com in the second quarter valued at approximately $27,000. LSV Asset Management acquired a new position in shares of Amazon.com during the 4th quarter worth approximately $35,000. Finally, Cooksen Wealth LLC bought a new stake in shares of Amazon.com during the 1st quarter worth approximately $36,000. 72.20% of the stock is owned by institutional investors.

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.