Amazon.com (NASDAQ:AMZN) Earns “Overweight” Rating from Cantor Fitzgerald

Amazon.com (NASDAQ:AMZN)‘s stock had its “overweight” rating reaffirmed by stock analysts at Cantor Fitzgerald in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $270.00 price objective on the e-commerce giant’s stock. Cantor Fitzgerald’s price target suggests a potential upside of 14.69% from the stock’s previous close.

AMZN has been the subject of a number of other reports. JPMorgan Chase & Co. increased their target price on shares of Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Wells Fargo & Company increased their price objective on Amazon.com from $197.00 to $212.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. Benchmark boosted their target price on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Stifel Nicolaus increased their price target on Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada boosted their price objective on Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $247.72.

Amazon.com Stock Up 0.2 %

AMZN opened at $235.42 on Wednesday. Amazon.com has a fifty-two week low of $151.61 and a fifty-two week high of $235.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The company’s 50-day moving average is $219.15 and its 200 day moving average is $196.95. The firm has a market capitalization of $2.48 trillion, a P/E ratio of 50.41, a PEG ratio of 1.29 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 EPS. Research analysts expect that Amazon.com will post 5.39 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the transaction, the chief executive officer now directly owns 524,567 shares in the company, valued at approximately $110,159,070. This trade represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the sale, the director now owns 99,396 shares in the company, valued at $19,864,290.60. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. Corporate insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Several hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC boosted its stake in Amazon.com by 0.6% during the 2nd quarter. Signaturefd LLC now owns 262,511 shares of the e-commerce giant’s stock valued at $50,730,000 after purchasing an additional 1,644 shares during the last quarter. Lee Danner & Bass Inc. bought a new position in shares of Amazon.com during the second quarter valued at $31,840,000. Key Financial Inc boosted its position in shares of Amazon.com by 0.8% during the second quarter. Key Financial Inc now owns 26,736 shares of the e-commerce giant’s stock valued at $5,167,000 after buying an additional 211 shares during the last quarter. Boston Financial Mangement LLC increased its holdings in Amazon.com by 0.5% in the 2nd quarter. Boston Financial Mangement LLC now owns 197,587 shares of the e-commerce giant’s stock worth $38,184,000 after buying an additional 975 shares in the last quarter. Finally, Atlas Capital Advisors LLC raised its position in Amazon.com by 631.3% in the 2nd quarter. Atlas Capital Advisors LLC now owns 45,715 shares of the e-commerce giant’s stock worth $8,834,000 after buying an additional 39,464 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

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.