Amazon.com (NASDAQ:AMZN) Stock Rating Reaffirmed by Roth Mkm

Roth Mkm restated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a report released on Wednesday, Benzinga reports. They currently have a $210.00 price objective on the e-commerce giant’s stock, up from their prior price objective of $205.00.

Other equities analysts have also issued research reports about the stock. Stifel Nicolaus boosted their target price on shares of Amazon.com from $224.00 to $228.00 and gave the stock a buy rating in a research report on Wednesday. Bank of America boosted their target price on shares of Amazon.com from $185.00 to $204.00 and gave the stock a buy rating in a research report on Friday, February 2nd. Robert W. Baird boosted their price target on shares of Amazon.com from $205.00 to $210.00 and gave the company an outperform rating in a report on Wednesday. BMO Capital Markets boosted their price target on shares of Amazon.com from $205.00 to $215.00 and gave the company an outperform rating in a report on Tuesday, April 23rd. Finally, Royal Bank of Canada boosted their price target on shares of Amazon.com from $180.00 to $215.00 and gave the company an outperform rating in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Buy and an average price target of $211.07.

Amazon.com Trading Up 0.8 %

Shares of AMZN stock opened at $186.21 on Wednesday. Amazon.com has a 1 year low of $103.31 and a 1 year high of $189.77. The firm’s fifty day simple moving average is $179.02 and its 200 day simple moving average is $160.32. The firm has a market capitalization of $1.94 trillion, a P/E ratio of 52.16, a price-to-earnings-growth ratio of 1.37 and a beta of 1.15. The company has a current ratio of 1.07, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same quarter in the previous year, the firm posted $0.31 earnings per share. Amazon.com’s revenue was up 12.5% compared to the same quarter last year. As a group, sell-side analysts predict that Amazon.com will post 4.55 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the transaction, the chief executive officer now directly owns 131,600 shares in the company, valued at approximately $24,214,400. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the transaction, the chief executive officer now directly owns 131,600 shares in the company, valued at approximately $24,214,400. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $180.29, for a total transaction of $631,015.00. Following the transaction, the chief executive officer now owns 509,358 shares in the company, valued at $91,832,153.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,217,010 shares of company stock worth $5,506,442,301. Company insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

Institutional investors and hedge funds have recently modified their holdings of the stock. Cherrydale Wealth Management LLC increased its stake in shares of Amazon.com by 14.7% in the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after acquiring an additional 675 shares during the last quarter. Tompkins Financial Corp increased its stake in Amazon.com by 3.3% during the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after purchasing an additional 2,273 shares in the last quarter. Nicholas Company Inc. increased its stake in Amazon.com by 3.9% during the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after purchasing an additional 26,465 shares in the last quarter. Nordea Investment Management AB increased its stake in Amazon.com by 5.4% during the 4th quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock worth $825,065,000 after purchasing an additional 277,631 shares in the last quarter. Finally, Foresight Capital Management Advisors Inc. bought a new stake in Amazon.com during the 4th quarter worth approximately $1,891,000. 72.20% of the stock is owned by institutional investors.

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.