Amazon.com (NASDAQ:AMZN) Receives “Outperform” Rating from Royal Bank of Canada

Amazon.com (NASDAQ:AMZN)‘s stock had its “outperform” rating restated by stock analysts at Royal Bank of Canada in a research note issued on Friday, Benzinga reports. They presently have a $215.00 price target on the e-commerce giant’s stock. Royal Bank of Canada’s target price points to a potential upside of 28.05% from the stock’s current price.

A number of other equities research analysts have also weighed in on AMZN. DA Davidson reiterated a “buy” rating and set a $235.00 target price on shares of Amazon.com in a research note on Thursday, April 18th. Telsey Advisory Group increased their target price on Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Bank of America cut their price target on Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a research note on Friday. Argus increased their price objective on shares of Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Finally, Citigroup boosted their target price on shares of Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.89.

Amazon.com Stock Down 8.8 %

AMZN traded down $16.17 during trading on Friday, reaching $167.90. The stock had a trading volume of 137,618,960 shares, compared to its average volume of 43,242,742. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $1.75 trillion, a price-to-earnings ratio of 46.78, a P/E/G ratio of 1.34 and a beta of 1.15. The stock’s 50 day moving average is $187.38 and its two-hundred day moving average is $179.45. Amazon.com has a one year low of $118.35 and a one year high of $201.20.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The business 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%. As a group, analysts expect that Amazon.com will post 4.73 earnings per share for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.44, for a total transaction of $3,771,048.96. Following the transaction, the chief executive officer now directly owns 2,025,358 shares in the company, valued at approximately $367,480,955.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total transaction of $3,771,048.96. Following the transaction, the chief executive officer now directly owns 2,025,358 shares in the company, valued at approximately $367,480,955.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 2,700 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,109,490 shares of company stock worth $1,221,619,033. Company insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in Amazon.com during the fourth quarter valued at about $17,700,551,000. International Assets Investment Management LLC lifted its position in shares of Amazon.com by 16,029.3% during the fourth quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock valued at $36,260,810,000 after buying an additional 23,717,254 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Amazon.com by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after buying an additional 14,724,687 shares in the last quarter. Swedbank AB purchased a new position in shares of Amazon.com in the 1st quarter worth approximately $2,239,757,000. Finally, Capital World Investors raised its stake in shares of Amazon.com by 64.6% during the 1st quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock worth $5,295,899,000 after acquiring an additional 11,524,463 shares in the last quarter. 72.20% of the stock is owned by 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.