Amazon.com, Inc. (NASDAQ:AMZN) Given Average Recommendation of “Moderate Buy” by Brokerages

Amazon.com, Inc. (NASDAQ:AMZN) has earned an average recommendation of “Moderate Buy” from the sixty-one research firms that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, fifty-six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $295.9643.

Several research analysts have recently issued reports on the company. Guggenheim raised Amazon.com to a “strong-buy” rating in a research note on Wednesday, December 10th. William Blair reissued an “outperform” rating on shares of Amazon.com in a report on Monday, November 3rd. The Goldman Sachs Group raised their price target on shares of Amazon.com from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday. Cantor Fitzgerald set a $260.00 price target on shares of Amazon.com and gave the stock an “overweight” rating in a report on Thursday, January 8th. Finally, Monness Crespi & Hardt boosted their price objective on shares of Amazon.com from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, October 31st.

View Our Latest Report on AMZN

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $239.12 on Friday. The company’s 50 day moving average price is $232.46 and its two-hundred day moving average price is $228.61. The firm has a market capitalization of $2.56 trillion, a P/E ratio of 33.77, a P/E/G ratio of 1.50 and a beta of 1.37. Amazon.com has a fifty-two week low of $161.38 and a fifty-two week high of $258.60. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 0.80.

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

Trending Headlines about Amazon.com

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Insider Buying and Selling

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $226.61, for a total value of $280,316.57. Following the transaction, the director owned 26,148 shares in the company, valued at approximately $5,925,398.28. This represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $216.94, for a total transaction of $4,311,031.68. Following the completion of the transaction, the chief executive officer directly owned 2,208,310 shares in the company, valued at $479,070,771.40. This trade represents a 0.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 79,734 shares of company stock worth $18,534,017. Corporate insiders own 9.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Wilson Asset Management International PTY Ltd. bought a new position in Amazon.com during the second quarter valued at about $11,102,000. ARK Investment Management LLC increased its holdings in Amazon.com by 8.3% in the 2nd quarter. ARK Investment Management LLC now owns 1,140,494 shares of the e-commerce giant’s stock valued at $250,213,000 after buying an additional 86,978 shares during the period. Buckhead Capital Management LLC raised its stake in shares of Amazon.com by 16.1% in the 2nd quarter. Buckhead Capital Management LLC now owns 28,407 shares of the e-commerce giant’s stock valued at $6,232,000 after buying an additional 3,948 shares in the last quarter. Border to Coast Pensions Partnership Ltd increased its stake in Amazon.com by 6.0% in the second quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock valued at $249,295,000 after acquiring an additional 63,924 shares during the period. Finally, Alpha Wealth Funds LLC raised its position in Amazon.com by 172.8% in the second quarter. Alpha Wealth Funds LLC now owns 3,012 shares of the e-commerce giant’s stock worth $667,000 after purchasing an additional 1,908 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Company Profile

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Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

Further Reading

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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