Amazon.com’s (AMZN) “Buy” Rating Reaffirmed at Jefferies Financial Group

Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Financial Group in a research report issued on Monday,MarketScreener reports.

A number of other analysts also recently weighed in on the stock. Wolfe Research increased their target price on shares of Amazon.com from $265.00 to $270.00 in a research report on Tuesday, September 30th. Piper Sandler restated an “overweight” rating on shares of Amazon.com in a report on Wednesday. Rosenblatt Securities reiterated a “buy” rating and set a $305.00 price target on shares of Amazon.com in a report on Thursday. BNP Paribas Exane initiated coverage on shares of Amazon.com in a research report on Monday, November 24th. They issued an “outperform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Amazon.com from $278.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $295.93.

Amazon.com Stock Performance

NASDAQ AMZN opened at $229.53 on Monday. The firm has a 50-day moving average price of $228.58 and a two-hundred day moving average price of $224.11. Amazon.com has a 12-month low of $161.38 and a 12-month high of $258.60. The company has a market capitalization of $2.45 trillion, a P/E ratio of 32.42, a P/E/G ratio of 1.58 and a beta of 1.37. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14.

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

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 22,000 shares of the business’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $250.03, for a total transaction of $5,500,660.00. Following the sale, the chief executive officer directly owned 493,507 shares in the company, valued at approximately $123,391,555.21. The trade was a 4.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $226.61, for a total value of $280,316.57. Following the transaction, the director directly owned 26,148 shares of the company’s stock, valued at $5,925,398.28. The trade was a 4.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 82,234 shares of company stock worth $19,076,767 in the last three months. Insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

A number of institutional investors have recently added to or reduced their stakes in AMZN. Barlow Wealth Partners Inc. grew its stake in Amazon.com by 0.4% in the 2nd quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant’s stock worth $2,763,000 after buying an additional 44 shares in the last quarter. Ridgecrest Wealth Partners LLC lifted its position in Amazon.com by 0.5% during the second quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock valued at $1,843,000 after buying an additional 45 shares during the period. Probity Advisors Inc. boosted its holdings in shares of Amazon.com by 0.4% during the 2nd quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant’s stock valued at $2,667,000 after buying an additional 45 shares in the last quarter. IMPACTfolio LLC grew its position in shares of Amazon.com by 3.8% in the 3rd quarter. IMPACTfolio LLC now owns 1,225 shares of the e-commerce giant’s stock worth $269,000 after buying an additional 45 shares during the period. Finally, Cadence Wealth Management LLC lifted its position in Amazon.com by 3.5% during the 3rd quarter. Cadence Wealth Management LLC now owns 1,328 shares of the e-commerce giant’s stock valued at $292,000 after acquiring an additional 45 shares during the period. 72.20% of the stock is currently owned by institutional investors.

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.