Amazon.com (NASDAQ:AMZN) Rating Reiterated by Needham & Company LLC

Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating reissued by investment analysts at Needham & Company LLC in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $205.00 price objective on the e-commerce giant’s stock. Needham & Company LLC’s target price would indicate a potential upside of 2.61% from the stock’s current price.

A number of other equities research analysts have also issued reports on AMZN. Truist Financial increased their price target on Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. DA Davidson reissued a “buy” rating and set a $235.00 target price on shares of Amazon.com in a research note on Thursday, April 18th. BMO Capital Markets boosted their price target on Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Roth Mkm reiterated a “buy” rating and set a $210.00 price objective (up previously from $205.00) on shares of Amazon.com in a research report on Wednesday, May 1st. Finally, Argus upped their target price on shares of Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $217.38.

Get Our Latest Stock Report on Amazon.com

Amazon.com Stock Up 0.2 %

AMZN stock opened at $199.79 on Tuesday. The business’s 50-day moving average price is $187.26 and its 200-day moving average price is $175.75. The stock has a market cap of $2.08 trillion, a P/E ratio of 55.96, a PEG ratio of 1.43 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com has a twelve month low of $118.35 and a twelve month high of $201.20.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.31 earnings per share. On average, equities research analysts forecast that Amazon.com will post 4.72 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the transaction, the chief executive officer now owns 130,600 shares in the company, valued at $23,688,228. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the sale, the chief executive officer now owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $21,726,894.20. The disclosure for this sale can be found here. Insiders sold a total of 5,847,094 shares of company stock valued at $1,169,058,874 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

A number of hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new stake in Amazon.com during the fourth quarter valued at approximately $17,700,551,000. Vanguard Group Inc. lifted its holdings in shares of Amazon.com by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after purchasing an additional 32,038,029 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Amazon.com by 16,029.3% in the 4th quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock worth $36,260,810,000 after purchasing an additional 23,717,254 shares in the last quarter. Swedbank AB acquired a new position in Amazon.com during the 1st quarter valued at about $2,239,757,000. Finally, Capital World Investors raised its stake in Amazon.com by 64.6% in the first quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock valued at $5,295,899,000 after buying an additional 11,524,463 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

About Amazon.com

(Get Free Report)

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.

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Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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