JMP Securities Reaffirms “Outperform” Rating for Amazon.com (NASDAQ:AMZN)

JMP Securities reissued their outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a research report released on Tuesday, December 19th, The Fly reports. JMP Securities currently has a $1,350.00 price target on the e-commerce giant’s stock, up from their previous price target of $1,240.00.

A number of other research firms have also issued reports on AMZN. Goldman Sachs Group reissued a buy rating and issued a $1,450.00 price target (up from $1,300.00) on shares of Amazon.com in a research report on Tuesday, November 28th. DA Davidson raised their price objective on shares of Amazon.com from $1,300.00 to $1,500.00 and gave the company a buy rating in a research report on Wednesday, November 29th. Vetr lowered shares of Amazon.com from a hold rating to a sell rating and set a $1,129.92 price objective on the stock. in a research report on Monday, November 27th. JPMorgan Chase & Co. reaffirmed an overweight rating and set a $1,375.00 price objective (up previously from $1,220.00) on shares of Amazon.com in a research report on Monday, December 18th. Finally, Wells Fargo & Co lifted their price target on shares of Amazon.com to $1,525.00 and gave the company an outperform rating in a research report on Friday, December 1st. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and fifty-one have given a buy rating to the company. Amazon.com currently has a consensus rating of Buy and an average price target of $1,259.52.

Amazon.com (NASDAQ AMZN) traded up $22.35 during trading hours on Tuesday, hitting $1,276.68. 3,095,200 shares of the stock traded hands, compared to its average volume of 3,300,000. Amazon.com has a one year low of $789.51 and a one year high of $1,276.77. The company has a market cap of $615,200.00, a price-to-earnings ratio of 322.39, a price-to-earnings-growth ratio of 7.22 and a beta of 1.46. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.57). Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The firm had revenue of $43.74 billion during the quarter, compared to analyst estimates of $42.26 billion. During the same quarter in the previous year, the business earned $0.52 earnings per share. The business’s quarterly revenue was up 33.7% compared to the same quarter last year. equities analysts forecast that Amazon.com will post 4.24 earnings per share for the current year.

In other news, CEO Jeffrey P. Bezos sold 391,110 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the completion of the transaction, the chief executive officer now directly owns 79,891,433 shares in the company, valued at approximately $88,162,593,058.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Shelley Reynolds sold 544 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,126.27, for a total value of $612,690.88. The disclosure for this sale can be found here. Insiders have sold a total of 402,338 shares of company stock valued at $444,391,701 over the last three months. Company insiders own 17.00% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Rockland Trust Co. acquired a new position in Amazon.com during the 4th quarter worth approximately $2,196,000. Kistler Tiffany Companies LLC boosted its position in Amazon.com by 15.2% during the 4th quarter. Kistler Tiffany Companies LLC now owns 486 shares of the e-commerce giant’s stock worth $568,000 after acquiring an additional 64 shares during the last quarter. Country Trust Bank boosted its position in Amazon.com by 6.1% during the 4th quarter. Country Trust Bank now owns 25,014 shares of the e-commerce giant’s stock worth $29,253,000 after acquiring an additional 1,447 shares during the last quarter. Trust Co boosted its position in Amazon.com by 13.9% during the 3rd quarter. Trust Co now owns 1,392 shares of the e-commerce giant’s stock worth $1,338,000 after acquiring an additional 170 shares during the last quarter. Finally, Triangle Securities Wealth Management acquired a new position in Amazon.com during the 4th quarter worth approximately $206,000. Institutional investors and hedge funds own 59.78% of the company’s stock.

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Amazon.com Company Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

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