Amazon.com (NASDAQ:AMZN) Given “Buy” Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a report published on Friday,MarketScreener Latest Ratings reports. The firm currently has a $305.00 price objective on the e-commerce giant’s stock.

AMZN has been the topic of several other reports. HSBC lifted their target price on shares of Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Jefferies Financial Group reissued a “buy” rating on shares of Amazon.com in a research note on Monday, December 8th. Desjardins raised their target price on Amazon.com to $218.00 in a research report on Monday, December 8th. Citigroup reaffirmed an “overweight” rating on shares of Amazon.com in a report on Wednesday, November 26th. Finally, Canaccord Genuity Group set a $300.00 price target on Amazon.com and gave the company a “buy” rating in a research note on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $295.43.

Amazon.com Stock Down 1.8%

Shares of AMZN opened at $226.19 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 0.80. The company has a market cap of $2.42 trillion, a P/E ratio of 31.95, a P/E/G ratio of 1.58 and a beta of 1.37. Amazon.com has a one year low of $161.38 and a one year high of $258.60. The firm has a 50 day simple moving average of $229.35 and a two-hundred day simple moving average of $224.73.

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

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction on Friday, November 21st. The shares were sold at an average price of $216.94, for a total transaction of $4,311,031.68. Following the transaction, the chief executive officer directly owned 2,208,310 shares of the company’s stock, valued at $479,070,771.40. This represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 22,000 shares of Amazon.com stock in a transaction on Friday, October 31st. The shares were sold at an average price of $250.03, for a total transaction of $5,500,660.00. Following the completion of the sale, the chief executive officer directly owned 493,507 shares of the company’s stock, valued at approximately $123,391,555.21. This trade represents a 4.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 82,234 shares of company stock worth $19,076,767 over the last ninety days. 9.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Amazon.com

A number of institutional investors have recently modified their holdings of AMZN. Fairway Wealth LLC increased its position in shares of Amazon.com by 113.2% during the third quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock worth $25,000 after acquiring an additional 60 shares in the last quarter. Carderock Capital Management Inc. acquired a new position in Amazon.com during the 2nd quarter valued at about $27,000. Sellwood Investment Partners LLC bought a new stake in Amazon.com during the 3rd quarter worth approximately $27,000. Maryland Capital Advisors Inc. raised its stake in shares of Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 95 shares during the last quarter. Finally, Ryan Investment Management Inc. purchased a new position in shares of Amazon.com during the second quarter valued at approximately $48,000. 72.20% of the stock is owned by institutional investors and hedge funds.

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.