Amazon.com (NASDAQ:AMZN) Given Market Outperform Rating at Citizens Jmp

Citizens Jmp reissued their market outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a report issued on Wednesday morning,Benzinga reports. Citizens Jmp currently has a $300.00 price objective on the e-commerce giant’s stock.

Several other equities analysts have also commented on AMZN. President Capital increased their price objective on shares of Amazon.com from $280.00 to $320.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Wedbush reiterated an “outperform” rating and set a $340.00 price target on shares of Amazon.com in a research note on Monday, November 3rd. Barclays reissued an “overweight” rating and issued a $300.00 price objective (up from $275.00) on shares of Amazon.com in a report on Friday, October 31st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Amazon.com from $278.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Cowen restated a “buy” rating on shares of Amazon.com in a research report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifty-seven have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $296.11.

Amazon.com Trading Down 0.9%

NASDAQ AMZN opened at $232.38 on Wednesday. The company has a 50 day moving average price of $228.17 and a 200 day moving average price of $223.61. The firm has a market cap of $2.48 trillion, a PE ratio of 32.82, a price-to-earnings-growth ratio of 1.61 and a beta of 1.37. 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 52 week low of $161.38 and a 52 week high of $258.60.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $177.53 billion. During the same quarter last year, the firm earned $1.43 EPS. The business’s quarterly revenue was up 13.4% on a year-over-year basis. As a group, sell-side analysts forecast that Amazon.com will post 6.31 EPS for the current fiscal year.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 22,000 shares of the stock in a transaction on Friday, October 31st. The shares were sold at an average price of $250.03, for a total transaction of $5,500,660.00. Following the transaction, the chief executive officer directly owned 493,507 shares of the company’s stock, valued at $123,391,555.21. This trade represents a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $226.61, for a total transaction of $280,316.57. Following the sale, the director directly owned 26,148 shares of the company’s stock, valued at $5,925,398.28. This represents a 4.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 82,234 shares of company stock worth $19,076,767. Insiders own 9.70% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

A number of hedge funds have recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC boosted its stake in shares of Amazon.com by 542,733.6% in the second quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock worth $29,100,194,000 after acquiring an additional 132,616,953 shares during the last quarter. Norges Bank acquired a new position in Amazon.com during the second quarter worth about $27,438,011,000. Nuveen LLC acquired a new position in Amazon.com during the first quarter worth about $11,674,091,000. Vanguard Group Inc. grew its stake in Amazon.com by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock valued at $186,420,422,000 after acquiring an additional 17,447,045 shares in the last quarter. Finally, Laurel Wealth Advisors LLC raised its holdings in Amazon.com by 22,085.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant’s stock valued at $2,671,634,000 after acquiring an additional 12,122,668 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.