Amazon.com’s (AMZN) Buy Rating Reiterated at TD Cowen

Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating reiterated by investment analysts at TD Cowen in a research note issued on Monday,Benzinga reports. They presently have a $300.00 price target on the e-commerce giant’s stock. TD Cowen’s price target would suggest a potential upside of 41.72% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. UBS Group set a $311.00 price objective on shares of Amazon.com in a research report on Tuesday, February 3rd. Barclays reaffirmed a “buy” rating on shares of Amazon.com in a research report on Monday. KeyCorp set a $285.00 price target on Amazon.com in a report on Friday, February 6th. Rosenblatt Securities dropped their price target on Amazon.com from $305.00 to $296.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Finally, Monness Crespi & Hardt reduced their price objective on Amazon.com from $300.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, fifty-three have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $286.57.

Check Out Our Latest Research Report on Amazon.com

Amazon.com Trading Up 3.1%

Shares of AMZN traded up $6.32 during midday trading on Monday, hitting $211.69. The stock had a trading volume of 14,436,378 shares, compared to its average volume of 50,923,109. Amazon.com has a fifty-two week low of $161.38 and a fifty-two week high of $258.60. The business has a 50-day simple moving average of $219.76 and a two-hundred day simple moving average of $226.04. The firm has a market cap of $2.27 trillion, a P/E ratio of 29.55, a price-to-earnings-growth ratio of 1.54 and a beta of 1.40. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share for the quarter, missing the consensus estimate of $1.97 by ($0.02). Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The firm had revenue of $213.39 billion during the quarter, compared to analysts’ expectations of $211.02 billion. During the same period last year, the business earned $1.86 earnings per share. The business’s revenue was up 13.6% on a year-over-year basis. As a group, equities analysts forecast that Amazon.com will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 17,751 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $205.22, for a total transaction of $3,642,860.22. Following the completion of the sale, the chief executive officer directly owned 9,405 shares in the company, valued at $1,930,094.10. This represents a 65.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $205.18, for a total value of $4,077,336.96. Following the sale, the chief executive officer owned 2,238,118 shares of the company’s stock, valued at approximately $459,217,051.24. The trade was a 0.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 71,686 shares of company stock worth $14,688,739 in the last 90 days. Insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Several large investors have recently added to or reduced their stakes in the company. Fairway Wealth LLC boosted its holdings in shares of Amazon.com by 113.2% in the 3rd 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. Sellwood Investment Partners LLC acquired a new stake in Amazon.com during the 3rd quarter valued at $27,000. MilWealth Group LLC raised its position in Amazon.com by 79.0% in the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock valued at $41,000 after purchasing an additional 79 shares during the last quarter. Lifetime Wealth Management P.C. acquired a new position in Amazon.com in the fourth quarter worth $45,000. Finally, Elkhorn Partners Limited Partnership boosted its stake in Amazon.com by 900.0% in the fourth quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 180 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

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Amazon.com Company Profile

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Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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