Amazon.com (NASDAQ:AMZN) Receives Buy Rating from Benchmark

Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating restated by equities research analysts at Benchmark in a research note issued to investors on Friday, Benzinga reports. They currently have a $200.00 target price on the e-commerce giant’s stock. Benchmark’s price target indicates a potential upside of 19.13% from the company’s previous close.

A number of other research analysts have also weighed in on the company. Morgan Stanley raised their price objective on Amazon.com from $220.00 to $240.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23rd. Telsey Advisory Group upped their price target on Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Evercore ISI increased their price target on Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Argus upped their target price on shares of Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Finally, Loop Capital boosted their target price on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Two equities research analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $219.00.

Amazon.com Price Performance

NASDAQ AMZN traded down $16.19 during trading on Friday, reaching $167.88. The company’s stock had a trading volume of 82,887,367 shares, compared to its average volume of 42,874,613. The firm has a fifty day moving average of $187.38 and a 200 day moving average of $179.45. The stock has a market capitalization of $1.75 trillion, a PE ratio of 47.03, a P/E/G ratio of 1.34 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. Amazon.com has a one year low of $118.35 and a one year high of $201.20.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.18. The company had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. Analysts expect that Amazon.com will post 4.73 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $186.22, for a total transaction of $186,220.00. Following the completion of the sale, the director now directly owns 4,760 shares of the company’s stock, valued at approximately $886,407.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $186.22, for a total transaction of $186,220.00. Following the completion of the transaction, the director now owns 4,760 shares in the company, valued at approximately $886,407.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 5,264 shares of Amazon.com stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the completion of the sale, the director now directly owns 104,400 shares in the company, valued at approximately $19,836,000. The disclosure for this sale can be found here. Insiders have sold 6,109,490 shares of company stock worth $1,221,619,033 in the last quarter. Company insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

A number of large investors have recently modified their holdings of AMZN. Garrison Point Advisors LLC grew its stake in shares of Amazon.com by 0.3% during the 1st quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock worth $3,675,000 after purchasing an additional 55 shares during the period. Meridian Investment Counsel Inc. increased its holdings in Amazon.com by 1.8% in the second quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock valued at $594,000 after buying an additional 55 shares in the last quarter. Ridgecrest Wealth Partners LLC lifted its position in shares of Amazon.com by 0.7% during the 1st quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock valued at $1,399,000 after acquiring an additional 56 shares during the period. Stordahl Capital Management Inc. boosted its stake in shares of Amazon.com by 2.1% during the 1st quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock worth $498,000 after acquiring an additional 56 shares in the last quarter. Finally, Lutz Financial Services LLC increased its stake in Amazon.com by 1.9% in the 1st quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock valued at $551,000 after purchasing an additional 57 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

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.