Amazon.com (NASDAQ:AMZN) Stock Rating Reaffirmed by Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a research note published on Thursday morning, Benzinga reports. The brokerage currently has a $215.00 price objective on the e-commerce giant’s stock.

Several other equities research analysts have also commented on the company. Evercore ISI upped their price objective on Amazon.com from $225.00 to $240.00 and gave the stock an outperform rating in a research report on Friday, September 20th. Piper Sandler lowered their price target on shares of Amazon.com from $220.00 to $215.00 and set an overweight rating on the stock in a report on Friday, August 2nd. Wells Fargo & Company cut shares of Amazon.com from an overweight rating to an equal weight rating and cut their price objective for the company from $225.00 to $183.00 in a report on Monday, October 7th. Royal Bank of Canada reissued an outperform rating and set a $215.00 target price on shares of Amazon.com in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. cut their price target on Amazon.com from $240.00 to $230.00 and set an overweight rating for the company in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $224.00.

Amazon.com Trading Up 1.2 %

Shares of Amazon.com stock opened at $188.82 on Thursday. Amazon.com has a 1 year low of $118.35 and a 1 year high of $201.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The stock has a market cap of $1.98 trillion, a PE ratio of 45.17, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The firm has a fifty day moving average price of $179.58 and a 200 day moving average price of $183.17.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The business had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Equities research analysts predict that Amazon.com will post 4.85 earnings per share for the current year.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $189.25, for a total value of $662,375.00. Following the completion of the sale, the chief executive officer now owns 503,753 shares in the company, valued at approximately $95,335,255.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value 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 trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 54,355 shares of company stock worth $9,877,423. Company insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Several institutional investors and hedge funds have recently modified their holdings of AMZN. FinTrust Capital Advisors LLC increased its stake in Amazon.com by 2.6% during the third quarter. FinTrust Capital Advisors LLC now owns 30,813 shares of the e-commerce giant’s stock worth $5,710,000 after purchasing an additional 785 shares during the period. Iams Wealth Management LLC grew its holdings in shares of Amazon.com by 21.4% in the third quarter. Iams Wealth Management LLC now owns 11,179 shares of the e-commerce giant’s stock valued at $2,083,000 after purchasing an additional 1,973 shares in the last quarter. Creative Planning increased its stake in Amazon.com by 5.1% during the 3rd quarter. Creative Planning now owns 3,099,667 shares of the e-commerce giant’s stock worth $577,189,000 after buying an additional 150,925 shares during the period. Wesbanco Bank Inc. lifted its holdings in Amazon.com by 3.1% during the 3rd quarter. Wesbanco Bank Inc. now owns 368,553 shares of the e-commerce giant’s stock worth $68,672,000 after buying an additional 11,112 shares in the last quarter. Finally, CX Institutional boosted its position in Amazon.com by 4.1% in the 3rd quarter. CX Institutional now owns 99,959 shares of the e-commerce giant’s stock valued at $18,625,000 after buying an additional 3,903 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

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.