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

Cantor Fitzgerald reissued their overweight rating on shares of Amazon.com (NASDAQ:AMZN) in a report published on Monday, Benzinga reports. The firm currently has a $230.00 price target on the e-commerce giant’s stock.

Several other research analysts have also commented on the stock. Bank of America decreased their price objective on shares of Amazon.com from $220.00 to $210.00 and set a buy rating for the company in a report on Friday, August 2nd. Royal Bank of Canada reissued an outperform rating and set a $215.00 price target on shares of Amazon.com in a research report on Friday, August 2nd. Benchmark reissued a buy rating and set a $200.00 price target on shares of Amazon.com in a research report on Friday, August 2nd. Evercore ISI lifted their price target on shares of Amazon.com from $225.00 to $240.00 and gave the company an outperform rating in a research report on Friday, September 20th. Finally, The Goldman Sachs Group lowered their price target on shares of Amazon.com from $250.00 to $230.00 and set a buy rating for the company in a research report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Buy and an average target price of $223.65.

Amazon.com Trading Down 1.5 %

NASDAQ:AMZN opened at $181.96 on Monday. The company has a fifty day moving average of $179.09 and a 200 day moving average of $182.82. Amazon.com has a 52 week low of $118.35 and a 52 week high of $201.20. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $1.89 trillion, a P/E ratio of 50.97, a P/E/G ratio of 1.46 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The business had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. On average, research analysts predict that Amazon.com will post 4.86 earnings per share for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 1,228,993 shares of the stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the completion of the sale, the insider now directly owns 930,696,284 shares of the company’s stock, valued at $186,474,307,462.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Jeffrey P. Bezos sold 1,228,993 shares of the company’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the transaction, the insider now owns 930,696,284 shares in the company, valued at $186,474,307,462.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 266,396 shares of the company’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $200.01, for a total transaction of $53,281,863.96. Following the transaction, the insider now owns 928,433,873 shares in the company, valued at approximately $185,696,058,938.73. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,549,744 shares of company stock valued at $309,400,324. 10.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Amazon.com

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Amazon.com by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after buying an additional 14,724,687 shares in the last quarter. Norges Bank purchased a new position in shares of Amazon.com during the 4th quarter valued at approximately $17,700,551,000. Capital Research Global Investors lifted its position in shares of Amazon.com by 8.5% during the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after buying an additional 6,810,145 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Amazon.com by 1.5% during the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock valued at $13,466,933,000 after buying an additional 1,042,177 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Amazon.com by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock valued at $13,091,909,000 after buying an additional 289,532 shares in the last quarter. Institutional investors and hedge funds 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.