Amazon.com’s (AMZN) “Buy” Rating Reaffirmed at DA Davidson

DA Davidson reissued their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research report sent to investors on Thursday morning, Benzinga reports. DA Davidson currently has a $235.00 price objective on the e-commerce giant’s stock.

Other equities analysts also recently issued reports about the stock. Oppenheimer raised their price target on shares of Amazon.com from $200.00 to $210.00 and gave the stock an outperform rating in a research note on Friday, February 2nd. Wolfe Research lifted their target price 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. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Amazon.com from $175.00 to $200.00 and gave the stock a buy rating in a research note on Friday, February 2nd. BMO Capital Markets began coverage on shares of Amazon.com in a research note on Tuesday, January 9th. They issued an outperform rating and a $200.00 price target on the stock. Finally, Susquehanna boosted their price target on shares of Amazon.com from $185.00 to $220.00 and gave the company a positive rating in a research note on Friday, February 2nd. One 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. Based on data from MarketBeat, the company presently has a consensus rating of Buy and an average price target of $202.80.

Amazon.com Stock Down 1.1 %

Shares of NASDAQ AMZN opened at $179.22 on Thursday. The company’s 50-day simple moving average is $177.28 and its 200-day simple moving average is $156.52. Amazon.com has a 52-week low of $101.15 and a 52-week high of $189.77. The firm has a market cap of $1.86 trillion, a price-to-earnings ratio of 61.80, a price-to-earnings-growth ratio of 1.60 and a beta of 1.16. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29.

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

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $20,239,226.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $20,239,226.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the transaction, the chief executive officer now owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. Insiders sold a total of 32,213,510 shares of company stock worth $5,505,798,456 in the last 90 days. 12.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Amazon.com

A number of institutional investors and hedge funds have recently made changes to their positions in AMZN. Kavar Capital Partners Group LLC grew its stake in shares of Amazon.com by 7.6% during the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after purchasing an additional 79 shares during the period. IFM Investors Pty Ltd grew its stake in Amazon.com by 21.8% in the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after acquiring an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. grew its stake in Amazon.com by 0.8% in the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after acquiring an additional 15 shares during the last quarter. Markel Corp grew its stake in Amazon.com by 0.6% in the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after acquiring an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC grew its stake in Amazon.com by 24.8% in the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after acquiring an additional 540 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

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.