Amazon.com Inc. (NASDAQ:AMZN) was upgraded by equities researchers at Vetr from a “hold” rating to a “buy” rating in a research note issued on Thursday. The firm presently has a $880.16 target price on the e-commerce giant’s stock. Vetr‘s target price would indicate a potential upside of 4.85% from the stock’s current price.
Other research analysts have also recently issued research reports about the stock. Jefferies Group restated a “buy” rating and issued a $865.00 price objective on shares of Amazon.com in a research report on Monday, June 27th. Zacks Investment Research upgraded shares of Amazon.com from a “hold” rating to a “buy” rating and set a $774.00 price objective for the company in a research report on Tuesday, June 28th. Morgan Stanley boosted their price objective on shares of Amazon.com from $800.00 to $950.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 5th. Royal Bank Of Canada dropped their price objective on shares of Amazon.com from $1,000.00 to $840.00 and set an “outperform” rating for the company in a research report on Friday, September 16th. Finally, William Blair started coverage on shares of Amazon.com in a research report on Friday, June 10th. They issued an “outperform” rating for the company. Five investment analysts have rated the stock with a hold rating, forty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $891.31.
Shares of Amazon.com (NASDAQ:AMZN) opened at 839.43 on Thursday. The stock has a market cap of $397.95 billion, a price-to-earnings ratio of 208.76 and a beta of 1.20. The stock has a 50 day moving average price of $789.64 and a 200-day moving average price of $718.27. Amazon.com has a 12-month low of $474.00 and a 12-month high of $847.21.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $29.54 billion. During the same quarter in the previous year, the company posted $0.19 earnings per share. Amazon.com’s quarterly revenue was up 31.1% compared to the same quarter last year. Equities analysts anticipate that Amazon.com will post $5.85 EPS for the current fiscal year.
In other Amazon.com news, VP Shelley Reynolds sold 625 shares of Amazon.com stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $770.10, for a total value of $481,312.50. Following the sale, the vice president now owns 6,519 shares of the company’s stock, valued at $5,020,281.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of Amazon.com stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $756.74, for a total transaction of $756,740,000.00. Following the completion of the sale, the chief executive officer now directly owns 81,871,067 shares in the company, valued at approximately $61,955,111,241.58. The disclosure for this sale can be found here. 17.70% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Amazon.com by 4.8% in the second quarter. Vanguard Group Inc. now owns 23,795,875 shares of the e-commerce giant’s stock valued at $17,028,804,000 after buying an additional 1,082,051 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Amazon.com by 1.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 10,080,377 shares of the e-commerce giant’s stock valued at $7,213,719,000 after buying an additional 111,791 shares during the period. BlackRock Fund Advisors raised its stake in Amazon.com by 1.8% in the second quarter. BlackRock Fund Advisors now owns 4,694,139 shares of the e-commerce giant’s stock valued at $3,359,220,000 after buying an additional 82,894 shares during the period. Geode Capital Management LLC raised its stake in Amazon.com by 2.7% in the first quarter. Geode Capital Management LLC now owns 3,296,671 shares of the e-commerce giant’s stock valued at $1,953,245,000 after buying an additional 88,130 shares during the period. Finally, BlackRock Group LTD raised its stake in Amazon.com by 1.5% in the first quarter. BlackRock Group LTD now owns 3,018,330 shares of the e-commerce giant’s stock valued at $1,791,801,000 after buying an additional 45,684 shares during the period. 65.44% of the stock is currently owned by institutional investors and hedge funds.
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).
To view Vetr’s full report, visit Vetr’s official website.
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