JMP Securities Reaffirms “Market Outperform” Rating for Amazon.com (NASDAQ:AMZN)

Amazon.com (NASDAQ:AMZN)‘s stock had its “market outperform” rating reaffirmed by research analysts at JMP Securities in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $285.00 target price on the e-commerce giant’s stock. JMP Securities’ target price points to a potential upside of 24.60% from the company’s previous close.

AMZN has been the subject of several other research reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $270.00 price objective on shares of Amazon.com in a research note on Wednesday, January 22nd. Raymond James upped their price objective on Amazon.com from $230.00 to $260.00 and gave the company a “strong-buy” rating in a research note on Tuesday, January 21st. UBS Group lifted their price objective on Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a report on Monday, December 16th. DA Davidson reiterated a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a research note on Thursday, October 10th. Finally, Piper Sandler reissued an “overweight” rating and issued a $265.00 target price (up previously from $225.00) on shares of Amazon.com in a report on Friday. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $255.47.

Amazon.com Price Performance

AMZN traded down $10.10 on Friday, reaching $228.73. 41,906,873 shares of the company’s stock were exchanged, compared to its average volume of 34,371,656. Amazon.com has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The stock has a market cap of $2.41 trillion, a PE ratio of 48.88, a P/E/G ratio of 1.35 and a beta of 1.15. The stock’s fifty day moving average price is $226.51 and its 200-day moving average price is $200.30.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Sell-side analysts expect that Amazon.com will post 5.3 EPS for the current year.

Insider Transactions at Amazon.com

In related news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares in the company, valued at $20,273,459.55. The trade was a 4.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $206.75, for a total value of $619,497,843.50. Following the sale, the insider now directly owns 914,420,614 shares of the company’s stock, valued at approximately $189,056,461,944.50. This represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,026,212 shares of company stock valued at $625,666,424. Corporate insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

Hedge funds have recently bought and sold shares of the company. United Community Bank grew its holdings in shares of Amazon.com by 0.9% during the fourth quarter. United Community Bank now owns 13,293 shares of the e-commerce giant’s stock valued at $2,916,000 after buying an additional 125 shares in the last quarter. Strategic Equity Management acquired a new stake in shares of Amazon.com during the fourth quarter worth approximately $373,000. Jordan Park Trust Co LLC acquired a new stake in Amazon.com during the fourth quarter valued at $356,000. Permanent Capital Management LP bought a new position in Amazon.com during the fourth quarter valued at about $1,497,000. Finally, Dorsey & Whitney Trust CO LLC boosted its holdings in shares of Amazon.com by 3.9% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 156,026 shares of the e-commerce giant’s stock worth $34,231,000 after buying an additional 5,845 shares during the period. 72.20% of the stock is owned by hedge funds and other 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.