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

Cantor Fitzgerald restated their overweight rating on shares of Amazon.com (NASDAQ:AMZN) in a research report report published on Friday morning,Benzinga reports. The firm currently has a $270.00 price objective on the e-commerce giant’s stock.

Other research analysts have also recently issued research reports about the company. TD Cowen increased their target price on Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Tigress Financial increased their price objective on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Susquehanna boosted their target price on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Bank of America upped their target price on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Redburn Atlantic lifted their price target on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $260.20.

Amazon.com Stock Performance

Shares of AMZN opened at $229.15 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average price of $226.51 and a 200-day moving average price of $200.30. The company has a market cap of $2.41 trillion, a PE ratio of 49.07, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. Amazon.com has a 12-month low of $151.61 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. As a group, equities analysts forecast that Amazon.com will post 5.3 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $206.75, for a total value of $619,497,843.50. Following the sale, the insider now directly owns 914,420,614 shares of the company’s stock, valued at $189,056,461,944.50. The trade was a 0.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares in the company, valued at $20,273,459.55. The trade was a 4.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,026,212 shares of company stock valued at $625,666,424 in the last three months. 10.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amazon.com

Several hedge funds have recently added to or reduced their stakes in the stock. Fiera Capital Corp increased its stake in Amazon.com by 12.5% during the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock valued at $77,515,000 after purchasing an additional 44,615 shares in the last quarter. Beam Wealth Advisors Inc. grew its holdings in shares of Amazon.com by 138.6% during the second quarter. Beam Wealth Advisors Inc. now owns 12,503 shares of the e-commerce giant’s stock valued at $2,416,000 after buying an additional 7,262 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Amazon.com by 21.1% during the second quarter. Daiwa Securities Group Inc. now owns 2,410,036 shares of the e-commerce giant’s stock valued at $465,739,000 after buying an additional 419,503 shares during the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its position in shares of Amazon.com by 0.4% during the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 62,907 shares of the e-commerce giant’s stock valued at $12,157,000 after acquiring an additional 252 shares in the last quarter. Finally, Redwood Financial Network Corp raised its holdings in Amazon.com by 3.6% in the 2nd quarter. Redwood Financial Network Corp now owns 10,091 shares of the e-commerce giant’s stock worth $1,950,000 after acquiring an additional 349 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.