Amazon.com (NASDAQ:AMZN) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Amazon.com (NASDAQ:AMZN) in a research report released on Thursday. The brokerage issued a hold rating on the e-commerce giant’s stock.

Other equities analysts also recently issued reports about the stock. Roth Capital reaffirmed a buy rating on shares of Amazon.com in a report on Friday, February 3rd. Cowen lifted their price target on shares of Amazon.com from $150.00 to $160.00 and gave the company an outperform rating in a report on Thursday, December 1st. Truist Financial cut their price target on shares of Amazon.com from $160.00 to $142.00 and set a buy rating for the company in a report on Friday, February 3rd. JPMorgan Chase & Co. lifted their price target on shares of Amazon.com from $130.00 to $142.00 and gave the company an overweight rating in a report on Friday, February 3rd. Finally, Robert W. Baird lifted their price target on shares of Amazon.com from $120.00 to $125.00 and gave the company an outperform rating in a report on Friday, February 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have assigned a buy rating to the company. According to data from MarketBeat, Amazon.com has a consensus rating of Moderate Buy and a consensus target price of $144.72.

Amazon.com Price Performance

NASDAQ:AMZN opened at $98.95 on Thursday. The company has a 50-day moving average of $97.01 and a 200-day moving average of $101.53. Amazon.com has a 52 week low of $81.43 and a 52 week high of $170.83. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 0.46.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The business had revenue of $149.20 billion for the quarter, compared to the consensus estimate of $145.72 billion. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. Amazon.com’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.39 earnings per share. As a group, research analysts forecast that Amazon.com will post 1.34 EPS for the current fiscal year.

Insider Activity

In other news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total value of $375,200.00. Following the completion of the transaction, the chief executive officer now owns 560,298 shares in the company, valued at $52,555,952.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total value of $375,200.00. Following the completion of the transaction, the chief executive officer now owns 560,298 shares in the company, valued at $52,555,952.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $11,368,319.80. The disclosure for this sale can be found here. Insiders sold 71,394 shares of company stock worth $6,994,626 over the last quarter. 12.70% of the stock is currently owned by company insiders.

Institutional Trading of Amazon.com

Institutional investors have recently made changes to their positions in the business. Iron Horse Wealth Management LLC lifted its position in shares of Amazon.com by 4,540.0% in the second quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 227 shares in the last quarter. McElhenny Sheffield Capital Management LLC bought a new stake in shares of Amazon.com in the fourth quarter worth $27,000. St. James Investment Advisors LLC lifted its position in shares of Amazon.com by 97.7% in the fourth quarter. St. James Investment Advisors LLC now owns 344 shares of the e-commerce giant’s stock worth $29,000 after purchasing an additional 170 shares in the last quarter. Wells Financial Advisors INC lifted its position in shares of Amazon.com by 1,900.0% in the second quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock worth $30,000 after purchasing an additional 266 shares in the last quarter. Finally, Knott David M Jr bought a new stake in Amazon.com during the second quarter worth $32,000. Institutional investors own 57.64% of the company’s stock.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.