Amazon.com (NASDAQ:AMZN) Earns “Buy” Rating from MKM Partners

MKM Partners restated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research report released on Friday morning, BenzingaRatingsTable reports. The firm currently has a $2,350.00 target price on the e-commerce giant’s stock, up from their previous target price of $2,240.00.

Several other research firms have also commented on AMZN. DA Davidson raised their price target on shares of Amazon.com to $2,550.00 and gave the company a buy rating in a research report on Friday, April 26th. Benchmark reissued a buy rating and issued a $2,300.00 price target on shares of Amazon.com in a research note on Friday, July 26th. Oppenheimer set a $2,100.00 price target on shares of Amazon.com and gave the stock a buy rating in a research note on Friday, July 26th. Pivotal Research reissued a buy rating and issued a $2,615.00 price target (down from $2,750.00) on shares of Amazon.com in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. reissued a buy rating on shares of Amazon.com in a research note on Monday, July 29th. Three research analysts have rated the stock with a hold rating and forty-two have issued a buy rating to the stock. Amazon.com currently has an average rating of Buy and a consensus target price of $2,251.95.

NASDAQ:AMZN opened at $1,823.24 on Friday. The firm has a market capitalization of $901.88 billion, a price-to-earnings ratio of 90.53, a P/E/G ratio of 2.31 and a beta of 1.55. Amazon.com has a 1-year low of $1,307.00 and a 1-year high of $2,050.50. The business has a fifty day simple moving average of $1,936.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.10 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $5.29 by ($0.07). The business had revenue of $63.40 billion during the quarter, compared to analyst estimates of $62.59 billion. Amazon.com had a return on equity of 26.27% and a net margin of 4.80%. The firm’s revenue was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.07 EPS. Equities research analysts forecast that Amazon.com will post 24.52 EPS for the current fiscal year.

In other Amazon.com news, CEO Andrew R. Jassy sold 7,308 shares of Amazon.com stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $2,000.00, for a total transaction of $14,616,000.00. Following the completion of the sale, the chief executive officer now directly owns 92,614 shares in the company, valued at $185,228,000. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,500 shares of Amazon.com stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $1,926.29, for a total transaction of $4,815,725.00. Following the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $19,262,900. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,493 shares of company stock valued at $31,862,157. Company insiders own 16.10% of the company’s stock.

A number of institutional investors have recently modified their holdings of AMZN. Signet Investment Advisory Group Inc. purchased a new position in Amazon.com in the fourth quarter worth approximately $33,000. Financial Advantage Inc. purchased a new position in Amazon.com in the fourth quarter worth approximately $45,000. Litman Gregory Asset Management LLC purchased a new stake in shares of Amazon.com during the 2nd quarter worth approximately $53,000. O Brien Wealth Partners LLC lifted its position in shares of Amazon.com by 104.8% during the 4th quarter. O Brien Wealth Partners LLC now owns 43 shares of the e-commerce giant’s stock worth $72,000 after buying an additional 22 shares during the last quarter. Finally, Mascoma Wealth Management LLC lifted its position in shares of Amazon.com by 15.6% during the 4th quarter. Mascoma Wealth Management LLC now owns 52 shares of the e-commerce giant’s stock worth $78,000 after buying an additional 7 shares during the last quarter. Institutional investors own 57.07% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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