Guggenheim started coverage on shares of Amazon.com Inc. (NASDAQ:AMZN) in a research report released on Friday. The brokerage issued a buy rating and a $950.00 price target on the e-commerce giant’s stock.
A number of other research analysts also recently commented on the stock. Bank of America Corp. reaffirmed a buy rating and set a $860.00 price objective on shares of Amazon.com in a research note on Monday, August 15th. KeyCorp reissued an overweight rating and set a $847.00 target price on shares of Amazon.com in a research report on Sunday, August 21st. JPMorgan Chase & Co. set a $908.00 target price on shares of Amazon.com and gave the stock a buy rating in a research report on Tuesday, July 12th. Piper Jaffray Cos. reissued a buy rating and set a $800.00 target price on shares of Amazon.com in a research report on Friday, July 8th. Finally, Cowen and Company reissued an outperform rating and set a $960.00 target price (up previously from $900.00) on shares of Amazon.com in a research report on Monday, September 26th. Seven research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $885.11.
Shares of Amazon.com (NASDAQ:AMZN) opened at 834.03 on Friday. Amazon.com has a 12-month low of $474.00 and a 12-month high of $842.37. The firm’s 50-day moving average is $783.00 and its 200-day moving average is $714.39. The firm has a market cap of $395.39 billion, a PE ratio of 207.42 and a beta of 1.20.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 EPS for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.67. Amazon.com had a net margin of 1.60% and a return on equity of 13.52%. The company earned $30.40 billion during the quarter, compared to the consensus estimate of $29.54 billion. During the same quarter in the prior year, the company posted $0.19 EPS. The company’s quarterly revenue was up 31.1% compared to the same quarter last year. Equities analysts expect that Amazon.com will post $5.82 earnings per share for the current fiscal year.
In other news, insider Jeffrey M. Blackburn sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $760.98, for a total transaction of $7,609,800.00. Following the completion of the sale, the insider now owns 55,887 shares in the company, valued at $42,528,889.26. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the business’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $756.74, for a total value of $756,740,000.00. Following the sale, the chief executive officer now owns 81,871,067 shares of the company’s stock, valued at approximately $61,955,111,241.58. The disclosure for this sale can be found here. 17.70% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Pathstone Family Office LLC increased its stake in Amazon.com by 92.1% in the second quarter. Pathstone Family Office LLC now owns 146 shares of the e-commerce giant’s stock worth $105,000 after buying an additional 70 shares during the last quarter. Kistler Tiffany Companies LLC increased its stake in Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock worth $108,000 after buying an additional 136 shares during the last quarter. Kings Point Capital Management purchased a new stake in Amazon.com during the second quarter worth $109,000. Krilogy Financial LLC increased its stake in Amazon.com by 157.1% in the second quarter. Krilogy Financial LLC now owns 198 shares of the e-commerce giant’s stock worth $142,000 after buying an additional 121 shares during the last quarter. Finally, West Oak Capital LLC increased its stake in Amazon.com by 105.7% in the second quarter. West Oak Capital LLC now owns 216 shares of the e-commerce giant’s stock worth $155,000 after buying an additional 111 shares during the last quarter. Institutional investors own 65.44% of the company’s stock.
Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).
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