Amazon.com’s (AMZN) Market Outperform Rating Reaffirmed at JMP Securities

Amazon.com (NASDAQ:AMZN)‘s stock had its “market outperform” rating reiterated by equities researchers at JMP Securities in a report released on Friday,Benzinga reports. They presently have a $285.00 price target on the e-commerce giant’s stock. JMP Securities’ price objective would indicate a potential upside of 30.43% from the company’s current price.

AMZN has been the topic of a number of other reports. Susquehanna increased their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Mizuho raised their price target on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Sanford C. Bernstein lifted their target price on shares of Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Pivotal Research initiated coverage on shares of Amazon.com in a research report on Friday, October 11th. They set a “buy” rating and a $260.00 price objective on the stock. Finally, Maxim Group increased their price objective on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $243.67.

Amazon.com Stock Performance

Shares of AMZN stock traded down $3.62 during trading hours on Friday, hitting $218.51. 6,191,902 shares of the company were exchanged, compared to its average volume of 25,105,604. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $2.30 trillion, a price-to-earnings ratio of 46.79, a P/E/G ratio of 1.54 and a beta of 1.14. The firm has a fifty day simple moving average of $215.78 and a 200 day simple moving average of $195.11. Amazon.com has a 52-week low of $149.91 and a 52-week high of $233.00.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business earned $0.85 earnings per share. Research analysts predict that Amazon.com will post 5.29 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,766 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $209.85, for a total value of $1,000,145.10. Following the completion of the transaction, the director now owns 94,630 shares of the company’s stock, valued at approximately $19,858,105.50. The trade was a 4.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the sale, the insider now owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. This represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

A number of hedge funds have recently added to or reduced their stakes in AMZN. Tevis Investment Management lifted its stake in shares of Amazon.com by 5.7% in the 2nd quarter. Tevis Investment Management now owns 3,784 shares of the e-commerce giant’s stock worth $731,000 after purchasing an additional 203 shares during the period. Bridge Advisory LLC increased its position in Amazon.com by 4.9% in the second quarter. Bridge Advisory LLC now owns 9,367 shares of the e-commerce giant’s stock worth $1,810,000 after buying an additional 440 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Amazon.com by 2.9% in the second quarter. Geneos Wealth Management Inc. now owns 108,381 shares of the e-commerce giant’s stock worth $20,945,000 after buying an additional 3,042 shares during the period. U S Global Investors Inc. lifted its position in shares of Amazon.com by 117.8% during the 2nd quarter. U S Global Investors Inc. now owns 11,980 shares of the e-commerce giant’s stock valued at $2,315,000 after buying an additional 6,480 shares in the last quarter. Finally, Vinland Capital Management Gestora de Recursos LTDA. purchased a new stake in Amazon.com in the 2nd quarter worth approximately $3,865,000. 72.20% of the stock is currently owned by hedge funds and other 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.