Amazon.com (NASDAQ:AMZN) Receives Buy Rating from DA Davidson

Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating restated by stock analysts at DA Davidson in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $235.00 price objective on the e-commerce giant’s stock. DA Davidson’s target price would indicate a potential upside of 30.35% from the stock’s previous close.

AMZN has been the topic of several other reports. Wolfe Research upped their price objective on shares of Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Roth Mkm reaffirmed a “buy” rating and set a $205.00 price objective on shares of Amazon.com in a research note on Tuesday. Raymond James upped their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 2nd. Wedbush reaffirmed an “outperform” rating and set a $220.00 price objective on shares of Amazon.com in a research note on Wednesday, April 10th. Finally, TD Cowen increased their price target on shares of Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com currently has an average rating of “Buy” and an average price target of $202.80.

Amazon.com Stock Performance

AMZN traded down $0.99 during trading on Thursday, reaching $180.29. 4,398,446 shares of the company’s stock were exchanged, compared to its average volume of 42,445,117. Amazon.com has a fifty-two week low of $101.15 and a fifty-two week high of $189.77. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average price of $177.09 and a 200 day moving average price of $156.36. The company has a market capitalization of $1.88 trillion, a P/E ratio of 62.17, a PEG ratio of 1.60 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. During the same quarter in the previous year, the company earned $0.21 earnings per share. The business’s revenue was up 13.9% compared to the same quarter last year. As a group, analysts predict that Amazon.com will post 4.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the transaction, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the transaction, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $180.73, for a total transaction of $632,555.00. Following the completion of the transaction, the chief executive officer now directly owns 512,858 shares of the company’s stock, valued at approximately $92,688,826.34. The disclosure for this sale can be found here. Insiders have sold a total of 32,213,510 shares of company stock worth $5,505,798,456 over the last ninety days. Company insiders own 12.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Meridian Investment Counsel Inc. grew its position in shares of Amazon.com by 3.4% in the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after acquiring an additional 5 shares during the period. Alterna Wealth Management Inc. grew its position in shares of Amazon.com by 1.8% in the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after acquiring an additional 5 shares during the period. Fiduciary Planning LLC grew its position in shares of Amazon.com by 1.5% in the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after acquiring an additional 5 shares during the period. HBC Financial Services PLLC grew its position in shares of Amazon.com by 0.8% in the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after acquiring an additional 5 shares during the period. Finally, Archetype Wealth Partners grew its position in shares of Amazon.com by 3.7% in the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after acquiring an additional 6 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Company Profile

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.