Amazon.com (NASDAQ:AMZN) Earns “Market Outperform” Rating from JMP Securities

JMP Securities reiterated their market outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a research report report published on Wednesday, Benzinga reports. JMP Securities currently has a $225.00 price target on the e-commerce giant’s stock.

Other equities analysts also recently issued research reports about the company. Robert W. Baird lifted their price target on Amazon.com from $210.00 to $213.00 and gave the company an outperform rating in a research note on Friday, June 21st. TD Cowen lifted their target price on shares of Amazon.com from $225.00 to $245.00 and gave the stock a buy rating in a research report on Wednesday, July 10th. Benchmark reissued a buy rating and set a $200.00 target price on shares of Amazon.com in a research report on Tuesday, July 16th. UBS Group lifted their target price on shares of Amazon.com from $217.00 to $224.00 and gave the stock a buy rating in a research report on Tuesday. Finally, Mizuho lifted their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock a buy rating in a research report on Wednesday, May 1st. Two analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $218.91.

Amazon.com Price Performance

AMZN stock opened at $167.90 on Wednesday. The company has a market capitalization of $1.75 trillion, a P/E ratio of 47.03, a price-to-earnings-growth ratio of 1.34 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. Amazon.com has a 52-week low of $118.35 and a 52-week high of $201.20. The business has a 50-day simple moving average of $187.12 and a two-hundred day simple moving average of $179.54.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results 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 the consensus estimate of $148.63 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. Research analysts expect that Amazon.com will post 4.73 EPS for the current fiscal year.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total value of $3,771,048.96. Following the sale, the chief executive officer now owns 2,025,358 shares in the company, valued at $367,480,955.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total value of $3,771,048.96. Following the sale, the chief executive officer now owns 2,025,358 shares in the company, valued at $367,480,955.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the firm’s 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 owns 4,760 shares in the company, valued at approximately $886,407.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,109,490 shares of company stock valued at $1,221,619,033. Insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. PayPay Securities Corp raised its position in Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares during the period. Cooksen Wealth LLC bought a new stake in shares of Amazon.com during the 4th quarter valued at $30,000. Strid Group LLC bought a new stake in shares of Amazon.com during the 4th quarter valued at $43,000. Christopher J. Hasenberg Inc raised its position in shares of Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares during the period. Finally, Clarity Asset Management Inc. bought a new stake in shares of Amazon.com during the 4th quarter valued at $46,000. 72.20% of the stock is currently 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.