Amazon.com (AMZN) Given Buy Rating at JMP Securities

JMP Securities reiterated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a report released on Friday. They currently have a $2,075.00 target price on the e-commerce giant’s stock.

AMZN has been the topic of a number of other reports. BidaskClub downgraded shares of Amazon.com from a buy rating to a hold rating in a research report on Friday. Jefferies Financial Group reaffirmed a buy rating and set a $2,185.00 price objective on shares of Amazon.com in a research report on Friday, August 17th. Oppenheimer reaffirmed a buy rating on shares of Amazon.com in a research report on Friday, August 17th. ValuEngine raised shares of Amazon.com from a hold rating to a buy rating in a research report on Thursday, September 13th. Finally, Royal Bank of Canada reaffirmed a buy rating on shares of Amazon.com in a research report on Monday, July 30th. Four equities research analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $2,005.64.

Shares of AMZN opened at $1,864.42 on Friday. Amazon.com has a 52 week low of $962.50 and a 52 week high of $2,050.50. The company has a market cap of $976.95 billion, a P/E ratio of 415.31, a P/E/G ratio of 4.17 and a beta of 1.58. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.70.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 26th. The e-commerce giant reported $5.07 EPS for the quarter, beating the Zacks’ consensus estimate of $2.49 by $2.58. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. The firm had revenue of $52.89 billion for the quarter, compared to the consensus estimate of $53.37 billion. During the same period in the previous year, the firm posted $0.40 earnings per share. The firm’s revenue was up 39.3% on a year-over-year basis. On average, equities research analysts predict that Amazon.com will post 17.78 EPS for the current year.

In other news, Director Thomas O. Ryder sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $1,783.81, for a total value of $8,919,050.00. Following the completion of the sale, the director now directly owns 10,752 shares in the company, valued at $19,179,525.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Judith A. Mcgrath sold 500 shares of the business’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $1,905.00, for a total transaction of $952,500.00. The disclosure for this sale can be found here. Insiders sold 25,308 shares of company stock valued at $47,905,498 over the last 90 days. 16.30% of the stock is owned by corporate insiders.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in Amazon.com by 0.7% during the 2nd quarter. BlackRock Inc. now owns 25,402,494 shares of the e-commerce giant’s stock valued at $43,179,159,000 after purchasing an additional 167,739 shares during the last quarter. FMR LLC raised its stake in Amazon.com by 0.7% during the 2nd quarter. FMR LLC now owns 17,245,226 shares of the e-commerce giant’s stock valued at $29,313,435,000 after purchasing an additional 121,401 shares during the last quarter. Summit Trail Advisors LLC raised its stake in Amazon.com by 180,406.1% during the 1st quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock valued at $9,848,000 after purchasing an additional 9,842,959 shares during the last quarter. Northern Trust Corp raised its stake in Amazon.com by 1.1% during the 2nd quarter. Northern Trust Corp now owns 4,676,441 shares of the e-commerce giant’s stock valued at $7,949,013,000 after purchasing an additional 50,552 shares during the last quarter. Finally, Morgan Stanley raised its stake in Amazon.com by 1.8% during the 2nd quarter. Morgan Stanley now owns 4,637,654 shares of the e-commerce giant’s stock valued at $7,883,083,000 after purchasing an additional 81,024 shares during the last quarter. Institutional investors and hedge funds own 57.36% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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