Amazon.com’s (AMZN) Buy Rating Reiterated at Jefferies Financial Group

by · The Cerbat Gem

Jefferies Financial Group restated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research report report published on Monday,MarketScreener reports.

Several other equities research analysts have also issued reports on AMZN. President Capital boosted their price target on shares of Amazon.com from $280.00 to $320.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. HSBC lifted their target price on shares of Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Citizens Jmp reissued a “market outperform” rating and issued a $300.00 price target on shares of Amazon.com in a research report on Wednesday, December 3rd. Rothschild & Co Redburn restated a “neutral” rating and set a $250.00 price target on shares of Amazon.com in a research note on Tuesday, November 18th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $295.00 price objective (up from $292.00) on shares of Amazon.com in a research note on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating, fifty-seven have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $295.43.

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Amazon.com Trading Up 1.7%

Amazon.com stock opened at $231.78 on Monday. The business has a 50 day moving average price of $229.06 and a two-hundred day moving average price of $224.52. 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 has a 12 month low of $161.38 and a 12 month high of $258.60. The stock has a market cap of $2.48 trillion, a price-to-earnings ratio of 32.74, a price-to-earnings-growth ratio of 1.57 and a beta of 1.37.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.38. The company had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.Amazon.com’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.43 EPS. As a group, equities analysts forecast that Amazon.com will post 6.31 EPS for the current year.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction on Friday, November 21st. The stock was sold at an average price of $216.94, for a total value of $4,311,031.68. Following the completion of the transaction, the chief executive officer owned 2,208,310 shares in the company, valued at approximately $479,070,771.40. The trade was a 0.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $233.22, for a total value of $583,050.00. Following the completion of the transaction, the chief executive officer directly owned 505,934 shares in the company, valued at approximately $117,993,927.48. This represents a 0.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 82,234 shares of company stock worth $19,076,767. 9.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Amazon.com

A number of hedge funds have recently added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC lifted its holdings in Amazon.com by 542,733.6% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock worth $29,100,194,000 after buying an additional 132,616,953 shares in the last quarter. Norges Bank bought a new stake in shares of Amazon.com during the second quarter worth $27,438,011,000. Nuveen LLC acquired a new position in shares of Amazon.com during the first quarter valued at $11,674,091,000. Vanguard Group Inc. boosted its holdings in Amazon.com by 2.1% in the second quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock valued at $186,420,422,000 after acquiring an additional 17,447,045 shares during the last quarter. Finally, Laurel Wealth Advisors LLC increased its position in Amazon.com by 22,085.8% in the second quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant’s stock worth $2,671,634,000 after purchasing an additional 12,122,668 shares during the period. Institutional investors own 72.20% of the company’s stock.

About Amazon.com

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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.

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