Amazon.com (NASDAQ:AMZN) Receives Buy Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research note issued to investors on Tuesday,MarketScreener Latest Ratings reports. JPMorgan Chase & Co. currently has a $305.00 price target on the e-commerce giant’s stock.

Other equities analysts have also recently issued reports about the company. Susquehanna set a $300.00 price target on Amazon.com and gave the stock a “positive” rating in a research note on Friday, October 31st. Sanford C. Bernstein set a $300.00 price target on shares of Amazon.com and gave the company an “outperform” rating in a report on Friday, October 31st. Roth Capital increased their price target on shares of Amazon.com from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Arete raised their price target on shares of Amazon.com from $248.00 to $253.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Finally, Bank of America upped their price objective on shares of Amazon.com from $272.00 to $303.00 and gave the company a “buy” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $296.11.

Amazon.com Stock Performance

Amazon.com stock opened at $234.42 on Tuesday. The firm has a fifty day simple moving average of $227.92 and a two-hundred day simple moving average of $223.55. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14. Amazon.com has a twelve month low of $161.38 and a twelve month high of $258.60. The company has a market capitalization of $2.51 trillion, a PE ratio of 33.11, a P/E/G ratio of 1.61 and a beta of 1.37.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The firm had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. During the same period last year, the firm earned $1.43 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. Research analysts expect that Amazon.com will post 6.31 EPS for the current year.

Insiders Place Their Bets

In other news, Director Keith Brian Alexander sold 900 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $233.00, for a total value of $209,700.00. Following the completion of the transaction, the director owned 7,170 shares in the company, valued at $1,670,610. This trade represents a 11.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 4,784 shares of Amazon.com stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $232.71, for a total value of $1,113,284.64. Following the sale, the chief executive officer owned 498,182 shares in the company, valued at $115,931,933.22. This represents a 0.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 79,734 shares of company stock valued at $18,493,717 over the last ninety days. 10.80% of the stock is owned by corporate insiders.

Institutional Trading of Amazon.com

A number of hedge funds have recently modified their holdings of the business. Fairway Wealth LLC boosted its position in shares of Amazon.com by 113.2% in the 3rd quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 60 shares in the last quarter. Sellwood Investment Partners LLC purchased a new position in Amazon.com during the third quarter valued at $27,000. Carderock Capital Management Inc. purchased a new position in Amazon.com during the second quarter valued at $27,000. Maryland Capital Advisors Inc. boosted its holdings in Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 95 shares in the last quarter. Finally, Ryan Investment Management Inc. purchased a new stake in shares of Amazon.com in the second quarter worth $48,000. 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.