DA Davidson Reiterates “Buy” Rating for Amazon.com (NASDAQ:AMZN)

Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating reaffirmed by research analysts at DA Davidson in a report issued on Friday. They presently have a $151.00 price target on the e-commerce giant’s stock. DA Davidson’s price target would suggest a potential upside of 7.24% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Rosenblatt Securities lifted their target price on shares of Amazon.com to $118.00 and gave the stock a “neutral” rating in a research report on Friday, July 29th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Amazon.com from $174.00 to $155.00 in a report on Thursday, July 21st. Royal Bank of Canada cut their price target on shares of Amazon.com from $194.00 to $175.00 in a report on Friday, April 29th. Jefferies Financial Group cut their price target on shares of Amazon.com from $163.00 to $150.00 in a report on Wednesday, July 20th. Finally, Citigroup raised their price target on shares of Amazon.com from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and thirty-seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $177.99.

Amazon.com Stock Performance

Shares of AMZN stock traded down $1.77 during trading on Friday, reaching $140.80. 50,686,865 shares of the company’s stock traded hands, compared to its average volume of 67,232,560. The company has a market capitalization of $1.43 trillion, a P/E ratio of 126.22, a PEG ratio of 6.49 and a beta of 1.33. The company has a current ratio of 0.95, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. The firm’s 50-day moving average is $117.09 and its 200 day moving average is $134.48. Amazon.com has a 1 year low of $101.26 and a 1 year high of $188.11.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.35). Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The firm had revenue of $121.23 billion during the quarter, compared to the consensus estimate of $119.16 billion. During the same period in the previous year, the business earned $0.76 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities research analysts expect that Amazon.com will post 0.97 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 1,181 shares of Amazon.com stock in a transaction on Monday, May 16th. The shares were sold at an average price of $2,262.00, for a total transaction of $2,671,422.00. Following the sale, the chief executive officer now owns 92,781 shares of the company’s stock, valued at approximately $209,870,622. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Brian T. Olsavsky sold 761 shares of the business’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total value of $1,650,776.42. Following the sale, the chief financial officer now directly owns 2,375 shares in the company, valued at approximately $5,151,897.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 1,181 shares of the business’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $2,262.00, for a total transaction of $2,671,422.00. Following the completion of the sale, the chief executive officer now owns 92,781 shares in the company, valued at $209,870,622. The disclosure for this sale can be found here. Insiders have sold a total of 4,803 shares of company stock valued at $10,528,337 in the last 90 days. 12.70% of the stock is owned by insiders.

Institutional Trading of Amazon.com

A number of institutional investors and hedge funds have recently bought and sold shares of AMZN. Stuart Chaussee & Associates Inc. purchased a new stake in shares of Amazon.com during the fourth quarter worth approximately $27,000. Gibson Wealth Advisors LLC purchased a new stake in shares of Amazon.com during the fourth quarter worth approximately $33,000. Leverty Financial Group LLC purchased a new stake in shares of Amazon.com during the fourth quarter worth approximately $36,000. MBM Wealth Consultants LLC boosted its holdings in Amazon.com by 57.1% in the fourth quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock valued at $37,000 after purchasing an additional 4 shares in the last quarter. Finally, William Allan LLC acquired a new position in Amazon.com in the fourth quarter valued at approximately $47,000. 72.51% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Company Profile

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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