Amazon.com’s (AMZN) Outperform Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has a $275.00 target price on the e-commerce giant’s stock.

Several other brokerages have also issued reports on AMZN. Royal Bank of Canada lifted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Wedbush reiterated an “outperform” rating and set a $280.00 target price (up previously from $260.00) on shares of Amazon.com in a report on Monday, January 27th. Evercore ISI raised their price target on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Maxim Group boosted their price target on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Tigress Financial increased their price objective on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a report on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average target price of $260.20.

Amazon.com Stock Down 4.1 %

AMZN stock opened at $229.15 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The stock has a market capitalization of $2.41 trillion, a P/E ratio of 49.07, a P/E/G ratio of 1.35 and a beta of 1.15. Amazon.com has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The business has a 50-day moving average of $226.51 and a 200-day moving average of $200.30.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. On average, sell-side analysts anticipate that Amazon.com will post 5.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 5,502 shares of Amazon.com stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the transaction, the chief executive officer now owns 518,911 shares in the company, valued at $106,797,072.91. The trade was a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,026,212 shares of company stock worth $625,666,424 over the last three months. Corporate insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AMZN. Warwick Investment Management Inc. boosted its holdings in shares of Amazon.com by 2.9% during the 4th quarter. Warwick Investment Management Inc. now owns 8,829 shares of the e-commerce giant’s stock valued at $1,937,000 after acquiring an additional 246 shares in the last quarter. Saturna Capital Corp raised its position in Amazon.com by 1.8% in the fourth quarter. Saturna Capital Corp now owns 28,999 shares of the e-commerce giant’s stock valued at $6,362,000 after purchasing an additional 505 shares during the last quarter. Summit X LLC boosted its stake in shares of Amazon.com by 11.4% during the fourth quarter. Summit X LLC now owns 24,485 shares of the e-commerce giant’s stock valued at $5,372,000 after purchasing an additional 2,500 shares in the last quarter. Wealth High Governance Capital Ltda grew its holdings in shares of Amazon.com by 396.0% during the fourth quarter. Wealth High Governance Capital Ltda now owns 49,600 shares of the e-commerce giant’s stock worth $10,882,000 after purchasing an additional 39,600 shares during the last quarter. Finally, Windle Wealth LLC increased its stake in shares of Amazon.com by 6.6% in the fourth quarter. Windle Wealth LLC now owns 12,884 shares of the e-commerce giant’s stock valued at $2,827,000 after buying an additional 800 shares during the period. 72.20% of the stock is currently 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.