Benchmark Reaffirms Buy Rating for Amazon.com (NASDAQ:AMZN)

Benchmark reiterated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research note released on Wednesday, Benzinga reports. Benchmark currently has a $200.00 price objective on the e-commerce giant’s stock.

Several other equities research analysts have also issued reports on AMZN. Monness Crespi & Hardt lifted their price target on Amazon.com from $170.00 to $215.00 and gave the company a buy rating in a report on Friday, February 2nd. Stifel Nicolaus raised their price objective on Amazon.com from $200.00 to $224.00 and gave the company a buy rating in a research note on Tuesday, April 16th. Piper Sandler raised their price objective on Amazon.com from $185.00 to $205.00 and gave the company an overweight rating in a research note on Friday, February 2nd. Needham & Company LLC reissued a buy rating and issued a $205.00 price objective on shares of Amazon.com in a research note on Thursday, April 18th. Finally, Truist Financial raised their price objective on Amazon.com from $195.00 to $216.00 and gave the company a buy rating in a research note on Wednesday, April 17th. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Buy and a consensus price target of $205.13.

Amazon.com Trading Up 3.4 %

NASDAQ:AMZN opened at $179.62 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. Amazon.com has a 1-year low of $101.15 and a 1-year high of $189.77. The firm has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 61.94, a price-to-earnings-growth ratio of 1.50 and a beta of 1.16. The stock has a fifty day simple moving average of $177.99 and a 200 day simple moving average of $158.79.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. During the same period last year, the company posted $0.21 EPS. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. Sell-side analysts forecast that Amazon.com will post 4.11 earnings per share for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the transaction, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Amazon.com news, insider Jeffrey P. Bezos sold 2,009,208 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total value of $335,115,802.32. Following the transaction, the insider now owns 938,251,817 shares of the company’s stock, valued at $156,491,020,557.43. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the transaction, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. Insiders have sold a total of 32,214,010 shares of company stock valued at $5,505,889,146 in the last 90 days. 10.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Amazon.com

A number of institutional investors and hedge funds have recently made changes to their positions in the company. James Hambro & Partners raised its position in shares of Amazon.com by 5.0% during the first quarter. James Hambro & Partners now owns 577,892 shares of the e-commerce giant’s stock worth $104,154,000 after acquiring an additional 27,365 shares during the last quarter. Tenon Financial LLC bought a new stake in shares of Amazon.com during the first quarter worth $806,000. Glass Jacobson Investment Advisors llc raised its position in shares of Amazon.com by 1.1% during the first quarter. Glass Jacobson Investment Advisors llc now owns 7,397 shares of the e-commerce giant’s stock worth $1,334,000 after acquiring an additional 84 shares during the last quarter. Phoenix Wealth Advisors raised its position in shares of Amazon.com by 2.0% during the first quarter. Phoenix Wealth Advisors now owns 3,509 shares of the e-commerce giant’s stock worth $633,000 after acquiring an additional 70 shares during the last quarter. Finally, Nadler Financial Group Inc. raised its position in shares of Amazon.com by 0.7% during the first quarter. Nadler Financial Group Inc. now owns 39,369 shares of the e-commerce giant’s stock worth $7,101,000 after acquiring an additional 264 shares during the last quarter. 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.