Amazon.com (NASDAQ:AMZN) Earns Buy Rating from Analysts at Maxim Group

Maxim Group started coverage on shares of Amazon.com (NASDAQ:AMZN) in a report published on Wednesday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $218.00 target price on the e-commerce giant’s stock.

A number of other analysts have also recently weighed in on AMZN. BMO Capital Markets began coverage on Amazon.com in a research report on Tuesday, January 9th. They issued an outperform rating and a $200.00 price objective for the company. Benchmark lifted their target price on shares of Amazon.com from $175.00 to $200.00 and gave the stock a buy rating in a research note on Friday, February 2nd. Stifel Nicolaus upped their price target on shares of Amazon.com from $200.00 to $224.00 and gave the company a buy rating in a research note on Tuesday. Oppenheimer raised their price target on shares of Amazon.com from $200.00 to $210.00 and gave the stock an outperform rating in a report on Friday, February 2nd. Finally, Royal Bank of Canada boosted their price objective 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 analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Buy and an average target price of $202.80.

Amazon.com Trading Down 2.6 %

NASDAQ:AMZN opened at $174.63 on Wednesday. Amazon.com has a one year low of $101.15 and a one year high of $189.77. The firm has a 50-day simple moving average of $177.28 and a 200-day simple moving average of $156.83. The firm has a market cap of $1.82 trillion, a P/E ratio of 60.22, a P/E/G ratio of 1.57 and a beta of 1.16. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. During the same period in the prior year, the firm posted $0.21 earnings per share. The company’s quarterly revenue was up 13.9% on a year-over-year basis. Equities analysts anticipate that Amazon.com will post 4.1 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the transaction, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the transaction, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $180.73, for a total value of $632,555.00. Following the completion of the transaction, the chief executive officer now owns 512,858 shares in the company, valued at approximately $92,688,826.34. The disclosure for this sale can be found here. Insiders sold 32,213,510 shares of company stock valued at $5,505,798,456 over the last 90 days. Corporate insiders own 12.30% of the company’s stock.

Institutional Trading of Amazon.com

Several large investors have recently bought and sold shares of the business. Maryland State Retirement & Pension System lifted its stake in Amazon.com by 0.6% in the 1st quarter. Maryland State Retirement & Pension System now owns 704,441 shares of the e-commerce giant’s stock worth $126,747,000 after purchasing an additional 4,195 shares in the last quarter. Cohen Investment Advisors LLC increased its holdings in shares of Amazon.com by 2.1% in the first quarter. Cohen Investment Advisors LLC now owns 35,207 shares of the e-commerce giant’s stock valued at $6,351,000 after purchasing an additional 728 shares during the last quarter. Kesler Norman & Wride LLC lifted its position in Amazon.com by 145.9% during the first quarter. Kesler Norman & Wride LLC now owns 16,994 shares of the e-commerce giant’s stock worth $3,065,000 after buying an additional 10,082 shares in the last quarter. Mezzasalma Advisors LLC boosted its stake in Amazon.com by 7.7% during the first quarter. Mezzasalma Advisors LLC now owns 53,452 shares of the e-commerce giant’s stock worth $9,642,000 after buying an additional 3,842 shares during the last quarter. Finally, FORVIS Wealth Advisors LLC grew its holdings in Amazon.com by 68.0% in the 1st quarter. FORVIS Wealth Advisors LLC now owns 60,901 shares of the e-commerce giant’s stock valued at $10,985,000 after buying an additional 24,644 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

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.