Amazon.com (NASDAQ:AMZN) Coverage Initiated by Analysts at Maxim Group

Equities research analysts at Maxim Group started coverage on shares of Amazon.com (NASDAQ:AMZN) in a research note issued on Wednesday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $218.00 price target on the e-commerce giant’s stock. Maxim Group’s price target suggests a potential upside of 20.27% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Raymond James boosted their target price on shares of Amazon.com from $185.00 to $200.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 2nd. Barclays upped their price target on shares of Amazon.com from $190.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. BMO Capital Markets started coverage on shares of Amazon.com in a report on Tuesday, January 9th. They issued an “outperform” rating and a $200.00 price target on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Amazon.com in a report on Wednesday, March 27th. Finally, 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 report on Tuesday. One 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. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $202.80.

Amazon.com Stock Down 1.1 %

Shares of NASDAQ AMZN traded down $2.06 during trading on Wednesday, reaching $181.26. 23,742,287 shares of the stock were exchanged, compared to its average volume of 42,869,969. The business’s 50-day moving average price is $176.88 and its 200 day moving average price is $156.19. Amazon.com has a twelve month low of $101.15 and a twelve month high of $189.77. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 62.67, a price-to-earnings-growth ratio of 1.60 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last posted its earnings results 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 net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. During the same period in the previous year, the company posted $0.21 earnings per share. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, equities analysts forecast that Amazon.com will post 4.08 EPS for the current fiscal year.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $152.78, for a total value of $76,390.00. Following the transaction, the chief executive officer now owns 117,560 shares in the company, valued at approximately $17,960,816.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the transaction, the insider now 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 at this link. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $152.78, for a total value of $76,390.00. Following the completion of the transaction, the chief executive officer now owns 117,560 shares in the company, valued at approximately $17,960,816.80. The disclosure for this sale can be found here. Insiders have sold 32,214,010 shares of company stock worth $5,505,874,846 in the last 90 days. Company insiders own 12.70% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mayflower Financial Advisors LLC lifted its position in Amazon.com by 0.3% in the third quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 572 shares during the period. Cooksen Wealth LLC bought a new position in Amazon.com in the fourth quarter worth $30,000. Laurel Wealth Planning LLC lifted its position in Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 304 shares during the period. PayPay Securities Corp raised its stake in Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 94 shares in the last quarter. Finally, Sanctuary Wealth Management L.L.C. acquired a new position in Amazon.com during the fourth quarter worth $37,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Company Profile

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.