JMP Securities Reiterates Outperform Rating for Amazon.com (AMZN)

JMP Securities restated their outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a research report report published on Tuesday, December 19th, The Fly reports. JMP Securities currently has a $1,350.00 price target on the e-commerce giant’s stock, up from their prior price target of $1,240.00.

AMZN has been the subject of several other reports. Vetr upgraded shares of Amazon.com from a sell rating to a hold rating and set a $1,155.74 target price for the company in a report on Wednesday, November 29th. SunTrust Banks reiterated a buy rating and set a $1,190.00 target price on shares of Amazon.com in a report on Monday, October 2nd. Wells Fargo & Co reiterated a buy rating on shares of Amazon.com in a report on Monday, December 4th. Barclays reiterated an overweight rating and set a $1,210.00 target price (up from $1,150.00) on shares of Amazon.com in a report on Friday, October 27th. Finally, Citigroup restated a buy rating and issued a $1,250.00 price objective on shares of Amazon.com in a report on Friday, October 27th. Four analysts have rated the stock with a hold rating and fifty-one have given a buy rating to the company. Amazon.com presently has an average rating of Buy and a consensus price target of $1,262.35.

Amazon.com (NASDAQ AMZN) traded up $28.52 during midday trading on Tuesday, hitting $1,305.20. The company had a trading volume of 5,434,054 shares, compared to its average volume of 3,250,000. The company has a quick ratio of 0.74, a current ratio of 1.03 and a debt-to-equity ratio of 1.00. Amazon.com has a 12 month low of $803.00 and a 12 month high of $1,305.76. The company has a market capitalization of $628,940.00, a PE ratio of 329.60, a PEG ratio of 7.60 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.57). Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The company had revenue of $43.74 billion during the quarter, compared to analysts’ expectations of $42.26 billion. During the same quarter last year, the business earned $0.52 earnings per share. The business’s quarterly revenue was up 33.7% on a year-over-year basis. equities analysts anticipate that Amazon.com will post 4.24 EPS for the current year.

In other Amazon.com news, CEO Jeffrey P. Bezos sold 391,110 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the transaction, the chief executive officer now directly owns 79,891,433 shares in the company, valued at approximately $88,162,593,058.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tom A. Alberg sold 835 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $1,202.74, for a total transaction of $1,004,287.90. Following the completion of the transaction, the director now owns 17,114 shares in the company, valued at $20,583,692.36. The disclosure for this sale can be found here. Insiders sold a total of 402,338 shares of company stock worth $444,391,701 over the last 90 days. Insiders own 17.70% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMZN. Osborn Williams & Donohoe LLC lifted its position in Amazon.com by 1.1% during the second quarter. Osborn Williams & Donohoe LLC now owns 915 shares of the e-commerce giant’s stock valued at $886,000 after acquiring an additional 10 shares during the last quarter. Reinhart Partners Inc. lifted its position in Amazon.com by 66.8% during the first quarter. Reinhart Partners Inc. now owns 789 shares of the e-commerce giant’s stock valued at $699,000 after acquiring an additional 316 shares during the last quarter. Goelzer Investment Management Inc. lifted its position in Amazon.com by 48.7% during the second quarter. Goelzer Investment Management Inc. now owns 397 shares of the e-commerce giant’s stock valued at $384,000 after acquiring an additional 130 shares during the last quarter. Lakeview Capital Partners LLC lifted its position in Amazon.com by 19.6% during the second quarter. Lakeview Capital Partners LLC now owns 1,074 shares of the e-commerce giant’s stock valued at $1,040,000 after acquiring an additional 176 shares during the last quarter. Finally, Perpetual Ltd purchased a new stake in Amazon.com during the second quarter valued at approximately $25,356,000. Hedge funds and other institutional investors own 59.78% of the company’s stock.

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Amazon.com Company Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

The Fly

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