Amazon.com’s (AMZN) “Market Outperform” Rating Reiterated at Citizens Jmp

Amazon.com (NASDAQ:AMZN)‘s stock had its “market outperform” rating reissued by Citizens Jmp in a note issued to investors on Wednesday,Benzinga reports. They presently have a $300.00 price target on the e-commerce giant’s stock. Citizens Jmp’s target price suggests a potential upside of 29.06% from the stock’s current price.

AMZN has been the topic of a number of other reports. KeyCorp upped their target price on Amazon.com from $300.00 to $303.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Rosenblatt Securities restated a “buy” rating and issued a $305.00 target price on shares of Amazon.com in a research report on Tuesday, November 25th. Daiwa Capital Markets increased their price objective on Amazon.com from $254.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, November 11th. CIBC boosted their price target on Amazon.com to $315.00 in a research report on Monday, October 20th. Finally, DA Davidson increased their price target on Amazon.com from $265.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $296.11.

Amazon.com Trading Down 0.8%

Shares of AMZN traded down $1.96 during mid-day trading on Wednesday, reaching $232.46. The company had a trading volume of 12,262,221 shares, compared to its average volume of 45,116,156. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14. The stock has a market cap of $2.49 trillion, a price-to-earnings ratio of 32.84, a price-to-earnings-growth ratio of 1.61 and a beta of 1.37. The firm has a fifty day simple moving average of $227.92 and a 200-day simple moving average of $223.55. Amazon.com has a fifty-two week low of $161.38 and a fifty-two week high of $258.60.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, beating the consensus estimate of $1.57 by $0.38. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The firm had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. During the same quarter last year, the firm posted $1.43 earnings per share. Amazon.com’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Amazon.com will post 6.31 EPS for the current fiscal year.

Insider Activity

In related news, CEO Matthew S. Garman sold 17,768 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $216.90, for a total transaction of $3,853,879.20. Following the transaction, the chief executive officer owned 6,273 shares of the company’s stock, valued at approximately $1,360,613.70. This trade represents a 73.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $216.94, for a total value of $4,311,031.68. Following the transaction, the chief executive officer owned 2,208,310 shares in the company, valued at approximately $479,070,771.40. This trade represents a 0.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 79,734 shares of company stock valued at $18,493,717. 10.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amazon.com

Several hedge funds and other institutional investors have recently made changes to their positions in AMZN. Standard Investments LLC boosted its stake in Amazon.com by 92.1% during the 3rd quarter. Standard Investments LLC now owns 1,673,000 shares of the e-commerce giant’s stock valued at $367,341,000 after purchasing an additional 802,000 shares during the period. IFP Advisors Inc lifted its holdings in shares of Amazon.com by 1.0% during the third quarter. IFP Advisors Inc now owns 165,061 shares of the e-commerce giant’s stock worth $36,243,000 after buying an additional 1,606 shares during the last quarter. Swiss Life Asset Management Ltd lifted its holdings in shares of Amazon.com by 3.4% during the third quarter. Swiss Life Asset Management Ltd now owns 2,311,501 shares of the e-commerce giant’s stock worth $507,536,000 after buying an additional 75,703 shares during the last quarter. Innova Wealth Partners grew its stake in shares of Amazon.com by 26.5% in the third quarter. Innova Wealth Partners now owns 4,054 shares of the e-commerce giant’s stock worth $890,000 after acquiring an additional 850 shares during the last quarter. Finally, Steadtrust LLC grew its stake in shares of Amazon.com by 18.8% in the third quarter. Steadtrust LLC now owns 8,349 shares of the e-commerce giant’s stock worth $1,833,000 after acquiring an additional 1,320 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

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.