Stifel Nicolaus reissued their buy rating on shares of Amazon.com, Inc. (NASDAQ:AMZN) in a report issued on Monday, October 30th.
AMZN has been the subject of several other research reports. Vetr cut Amazon.com from a strong-buy rating to a buy rating and set a $1,132.46 price objective for the company. in a report on Tuesday, July 18th. Loop Capital set a $1,200.00 price target on Amazon.com and gave the stock a buy rating in a report on Friday, October 20th. Royal Bank Of Canada set a $1,100.00 price target on Amazon.com and gave the stock a buy rating in a report on Monday, September 11th. Needham & Company LLC restated a buy rating and set a $1,250.00 price objective (up previously from $1,150.00) on shares of Amazon.com in a report on Friday, October 27th. Finally, Cantor Fitzgerald boosted their price objective on Amazon.com to $1,360.00 and gave the stock an overweight rating in a report on Friday, October 27th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $1,142.08.
Shares of Amazon.com (AMZN) traded down $3.39 during midday trading on Monday, hitting $1,125.74. The stock had a trading volume of 1,033,289 shares, compared to its average volume of 3,650,000. The company has a market cap of $543,650.00, a PE ratio of 287.53, a price-to-earnings-growth ratio of 14.13 and a beta of 1.45. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.03 and a quick ratio of 0.74. Amazon.com has a 12 month low of $710.10 and a 12 month high of $1,135.54.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.57). The company had revenue of $43.74 billion during the quarter, compared to the consensus estimate of $42.26 billion. Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. Amazon.com’s revenue was up 33.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 EPS. sell-side analysts anticipate that Amazon.com will post 4.26 earnings per share for the current fiscal year.
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In other Amazon.com news, Director Tom A. Alberg sold 1,860 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $1,109.20, for a total value of $2,063,112.00. Following the sale, the director now directly owns 18,460 shares of the company’s stock, valued at approximately $20,475,832. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 1,985 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $986.12, for a total value of $1,957,448.20. Following the completion of the transaction, the chief executive officer now owns 81,479 shares in the company, valued at $80,348,071.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 401,343 shares of company stock worth $441,838,533. 17.70% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in AMZN. Waldron LP raised its holdings in shares of Amazon.com by 43.6% in the 1st quarter. Waldron LP now owns 1,762 shares of the e-commerce giant’s stock worth $1,521,000 after purchasing an additional 535 shares during the period. Supplemental Annuity Collective Trust of NJ raised its holdings in shares of Amazon.com by 25.0% in the 1st quarter. Supplemental Annuity Collective Trust of NJ now owns 5,000 shares of the e-commerce giant’s stock worth $4,433,000 after purchasing an additional 1,000 shares during the period. Gamble Jones Investment Counsel raised its holdings in shares of Amazon.com by 5.9% in the 1st quarter. Gamble Jones Investment Counsel now owns 3,343 shares of the e-commerce giant’s stock worth $2,964,000 after purchasing an additional 187 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in shares of Amazon.com by 1.1% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 480,000 shares of the e-commerce giant’s stock worth $425,540,000 after purchasing an additional 5,000 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in shares of Amazon.com by 13.0% in the 1st quarter. Russell Investments Group Ltd. now owns 551,483 shares of the e-commerce giant’s stock worth $488,905,000 after purchasing an additional 63,638 shares during the period. Institutional investors own 60.62% of the company’s stock.
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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