Morgan Stanley Reaffirms Overweight Rating for Amazon.com (NASDAQ:AMZN)

Morgan Stanley reissued their overweight rating on shares of Amazon.com (NASDAQ:AMZN) in a report released on Thursday, Benzinga reports. Morgan Stanley currently has a $210.00 price target on the e-commerce giant’s stock.

Other research analysts also recently issued research reports about the company. Stifel Nicolaus decreased their price objective on Amazon.com from $228.00 to $224.00 and set a buy rating on the stock in a report on Friday, August 2nd. Jefferies Financial Group decreased their price target on Amazon.com from $235.00 to $225.00 and set a buy rating on the stock in a research note on Friday, August 2nd. Barclays increased their price objective on Amazon.com from $220.00 to $235.00 and gave the company an overweight rating in a research note on Friday, August 2nd. Wells Fargo & Company decreased their target price on shares of Amazon.com from $232.00 to $225.00 and set an overweight rating on the stock in a research note on Monday, August 26th. Finally, Robert W. Baird increased their price target on shares of Amazon.com from $210.00 to $213.00 and gave the company an outperform rating in a research report on Friday, June 21st. One investment analyst has rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Buy and an average target price of $223.65.

Amazon.com Stock Up 2.5 %

Shares of NASDAQ AMZN opened at $186.51 on Thursday. The stock has a market capitalization of $1.94 trillion, a P/E ratio of 52.24, a PEG ratio of 1.46 and a beta of 1.14. Amazon.com has a one year low of $118.35 and a one year high of $201.20. The firm’s 50 day simple moving average is $179.17 and its two-hundred day simple moving average is $182.95. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. The company had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. As a group, analysts expect that Amazon.com will post 4.86 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,549,744 shares of company stock valued at $309,400,324 in the last quarter. 10.80% of the stock is owned by insiders.

Institutional Trading of Amazon.com

A number of hedge funds have recently bought and sold shares of the company. First International Bank & Trust grew its position in Amazon.com by 34.6% during the third quarter. First International Bank & Trust now owns 5,808 shares of the e-commerce giant’s stock valued at $1,082,000 after buying an additional 1,492 shares during the period. waypoint wealth counsel raised its holdings in Amazon.com by 12.1% in the 3rd quarter. waypoint wealth counsel now owns 12,229 shares of the e-commerce giant’s stock worth $2,279,000 after purchasing an additional 1,316 shares during the period. ZRC Wealth Management LLC grew its holdings in Amazon.com by 3.5% during the third quarter. ZRC Wealth Management LLC now owns 6,353 shares of the e-commerce giant’s stock valued at $1,184,000 after purchasing an additional 212 shares during the period. Burns J W & Co. Inc. NY increased its position in Amazon.com by 2.7% in the third quarter. Burns J W & Co. Inc. NY now owns 135,185 shares of the e-commerce giant’s stock worth $25,189,000 after buying an additional 3,516 shares in the last quarter. Finally, Quent Capital LLC increased its holdings in Amazon.com by 4.5% in the 3rd quarter. Quent Capital LLC now owns 37,106 shares of the e-commerce giant’s stock worth $6,921,000 after acquiring an additional 1,613 shares in the last quarter. Hedge funds and other 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.