Shares of Amazon.com Inc. (NASDAQ:AMZN) have been given an average rating of “Buy” by the fifty-two brokerages that are presently covering the company. Seven investment analysts have rated the stock with a hold recommendation and forty-five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $892.92.
Several research firms have weighed in on AMZN. Zacks Investment Research cut Amazon.com from a “buy” rating to a “hold” rating in a research note on Monday. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $900.00 target price on shares of Amazon.com in a research note on Tuesday. Canaccord Genuity reaffirmed a “buy” rating and set a $825.00 target price on shares of Amazon.com in a research note on Tuesday. Morgan Stanley lifted their target price on Amazon.com from $800.00 to $950.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, SunTrust Banks Inc. lifted their target price on Amazon.com from $800.00 to $850.00 and gave the company a “neutral” rating in a research note on Wednesday.
In related news, VP Shelley Reynolds sold 625 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $770.10, for a total transaction of $481,312.50. Following the transaction, the vice president now directly owns 6,519 shares of the company’s stock, valued at approximately $5,020,281.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 14,000 shares of the company’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $800.00, for a total value of $11,200,000.00. Following the transaction, the chief executive officer now directly owns 68,141 shares in the company, valued at $54,512,800. The disclosure for this sale can be found here. Corporate insiders own 17.70% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Pathstone Family Office LLC increased its position 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 period. Kistler Tiffany Companies LLC increased its position 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 period. Kings Point Capital Management purchased a new position in Amazon.com during the second quarter worth $109,000. Krilogy Financial LLC increased its position 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 period. Finally, West Oak Capital LLC increased its position 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 period. 65.44% of the stock is currently owned by institutional investors and hedge funds.
Shares of Amazon.com (NASDAQ:AMZN) opened at 844.36 on Monday. The stock’s 50 day moving average is $785.29 and its 200-day moving average is $715.33. The stock has a market cap of $400.29 billion, a price-to-earnings ratio of 209.99 and a beta of 1.20. Amazon.com has a 1-year low of $474.00 and a 1-year high of $845.67.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.67. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. The company had revenue of $30.40 billion for the quarter, compared to analysts’ expectations of $29.54 billion. During the same quarter in the previous year, the business posted $0.19 EPS. The business’s revenue for the quarter was up 31.1% on a year-over-year basis. On average, analysts anticipate that Amazon.com will post $5.82 EPS for the current year.
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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