Amazon.com (NASDAQ:AMZN) Rating Reiterated by Rosenblatt Securities

Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating reissued by analysts at Rosenblatt Securities in a note issued to investors on Wednesday, Benzinga reports. They currently have a $220.00 price target on the e-commerce giant’s stock. Rosenblatt Securities’ price objective would indicate a potential upside of 25.71% from the stock’s previous close.

A number of other research firms have also recently issued reports on AMZN. Piper Sandler lifted their target price on shares of Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday. Sanford C. Bernstein lifted their target price on shares of Amazon.com from $175.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Truist Financial lifted their target price on shares of Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday. JMP Securities reiterated a “market outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research note on Wednesday, April 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective 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. One investment 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $208.67.

Amazon.com Stock Performance

Shares of AMZN opened at $175.00 on Wednesday. The company’s 50 day moving average price is $178.38 and its 200 day moving average price is $159.64. Amazon.com has a 52 week low of $101.15 and a 52 week high of $189.77. The company has a market capitalization of $1.82 trillion, a PE ratio of 60.34, a PEG 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 announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The firm had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.31 earnings per share. Research analysts expect that Amazon.com will post 4.11 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the sale, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the sale, the insider now directly owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the sale, the chief executive officer now owns 116,560 shares in the company, valued at $18,150,723.20. The disclosure for this sale can be found here. Insiders have sold 32,214,010 shares of company stock worth $5,505,889,146 in the last ninety days. Company insiders own 10.30% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cherrydale Wealth Management LLC grew its stake in shares of Amazon.com by 14.7% in the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after buying an additional 675 shares in the last quarter. Tompkins Financial Corp boosted its position in Amazon.com by 3.3% during the fourth 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 during the period. Nicholas Company Inc. boosted its position in Amazon.com by 3.9% during the third 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 during the period. Nordea Investment Management AB boosted its position in Amazon.com by 5.4% during the fourth 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 during the period. Finally, Foresight Capital Management Advisors Inc. bought a new position in Amazon.com during the fourth quarter worth $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.