Amazon.com (NASDAQ:AMZN) Receives “Outperform” Rating from Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a report released on Thursday, Benzinga reports. The brokerage currently has a $200.00 price target on the e-commerce giant’s stock.

A number of other analysts have also weighed in on the stock. Robert W. Baird increased their price objective on shares of Amazon.com from $185.00 to $205.00 and gave the stock an outperform rating in a research report on Friday, February 2nd. Roth Mkm reaffirmed a buy rating and set a $205.00 target price on shares of Amazon.com in a research report on Tuesday, April 16th. Truist Financial raised their target price on shares of Amazon.com from $195.00 to $216.00 and gave the stock a buy rating in a research report on Wednesday, April 17th. DA Davidson reaffirmed a buy rating and set a $235.00 target price on shares of Amazon.com in a research report on Thursday, April 18th. Finally, Stifel Nicolaus raised their target price on shares of Amazon.com from $200.00 to $224.00 and gave the stock a buy rating in a research report on Tuesday, April 16th. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Buy and a consensus price target of $205.13.

Amazon.com Stock Performance

Amazon.com stock opened at $173.67 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com has a 1-year low of $101.15 and a 1-year high of $189.77. The firm has a market capitalization of $1.80 trillion, a P/E ratio of 59.89, a price-to-earnings-growth ratio of 1.56 and a beta of 1.16. The company’s 50-day moving average is $177.79 and its 200 day moving average is $158.23.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same period in the prior year, the company posted $0.21 EPS. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. Research analysts forecast that Amazon.com will post 4.1 EPS for the current year.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the transaction, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the transaction, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $180.73, for a total transaction of $632,555.00. Following the transaction, the chief executive officer now owns 512,858 shares of the company’s stock, valued at $92,688,826.34. The disclosure for this sale can be found here. Insiders sold 32,214,010 shares of company stock worth $5,505,889,146 over the last three months. Company insiders own 10.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Register Financial Advisors LLC raised its position in shares of Amazon.com by 14.3% in the third quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock worth $669,000 after acquiring an additional 657 shares during the period. Wedge Capital Management L L P NC raised its position in shares of Amazon.com by 1.0% during the 3rd quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant’s stock worth $1,858,000 after purchasing an additional 148 shares during the last quarter. Cherrydale Wealth Management LLC raised its position in shares of Amazon.com by 14.7% during the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after purchasing an additional 675 shares during the last quarter. Tompkins Financial Corp raised its position in shares of Amazon.com by 3.3% during the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after purchasing an additional 2,273 shares during the last quarter. Finally, Nicholas Company Inc. raised its position in shares of Amazon.com by 3.9% during the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after purchasing an additional 26,465 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

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.