RBC Capital Markets reaffirmed their outperform rating on shares of Amazon.com Inc. (NASDAQ:AMZN) in a research report report published on Saturday morning. They currently have a $1,000.00 target price on the e-commerce giant’s stock.
A number of other research analysts have also issued reports on the stock. Mizuho restated a buy rating and set a $950.00 target price on shares of Amazon.com in a research report on Thursday. Pacific Crest reaffirmed an overweight rating on shares of Amazon.com in a report on Thursday. Cowen and Company reaffirmed an outperform rating and set a $960.00 price target on shares of Amazon.com in a report on Wednesday. KeyCorp reaffirmed an overweight rating and set a $847.00 price target on shares of Amazon.com in a report on Wednesday. Finally, Deutsche Bank AG reaffirmed a buy rating and set a $985.00 price target on shares of Amazon.com in a report on Wednesday. Five investment analysts have rated the stock with a hold rating, forty-six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $894.98.
Shares of Amazon.com (NASDAQ:AMZN) opened at 822.96 on Friday. The firm has a market cap of $390.14 billion, a price-to-earnings ratio of 204.67 and a beta of 1.20. The firm’s 50-day moving average is $800.02 and its 200-day moving average is $726.41. Amazon.com has a 12-month low of $474.00 and a 12-month high of $847.21.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $30.40 billion for the quarter, compared to analyst estimates of $29.54 billion. During the same quarter in the prior year, the business posted $0.19 EPS. The business’s revenue was up 31.1% compared to the same quarter last year. Analysts predict that Amazon.com will post $5.85 earnings per share for the current fiscal year.
In other Amazon.com news, VP Shelley Reynolds sold 625 shares of the stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $770.10, for a total transaction of $481,312.50. Following the completion of the sale, the vice president now directly owns 6,519 shares of the company’s stock, valued at approximately $5,020,281.90. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 14,000 shares of the stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $800.00, for a total transaction of $11,200,000.00. Following the sale, the chief executive officer now directly owns 68,141 shares of the company’s stock, valued at $54,512,800. The disclosure for this sale can be found here. Company insiders own 17.70% of the company’s stock.
A number of large investors have recently made changes to their positions in AMZN. 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 worth $17,028,804,000 after buying an additional 1,082,051 shares during the period. Emerald Acquisition Ltd. bought a new stake in shares of Amazon.com during the second quarter worth about $479,380,000. Societe Generale bought a new stake in shares of Amazon.com during the second quarter worth about $391,842,000. Bank of Montreal Can bought a new stake in shares of Amazon.com during the second quarter worth about $341,933,000. Finally, Point72 Asset Management L.P. raised its stake in shares of Amazon.com by 224.2% in the second quarter. Point72 Asset Management L.P. now owns 666,620 shares of the e-commerce giant’s stock worth $477,047,000 after buying an additional 461,020 shares during the period. 65.44% of the stock is 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).
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