Cowen and Company reaffirmed their outperform rating on shares of Amazon.com Inc. (NASDAQ:AMZN) in a research note issued to investors on Wednesday. They currently have a $960.00 price objective on the e-commerce giant’s stock.
A number of other equities analysts have also recently issued reports on the company. KeyCorp restated an overweight rating and set a $847.00 price target on shares of Amazon.com in a report on Wednesday, October 12th. Deutsche Bank AG reiterated a buy rating and issued a $985.00 target price on shares of Amazon.com in a report on Wednesday, October 12th. Robert W. Baird reiterated an outperform rating and issued a $850.00 target price on shares of Amazon.com in a report on Wednesday, October 12th. Cantor Fitzgerald reiterated a buy rating and issued a $1,000.00 target price (up from $835.00) on shares of Amazon.com in a report on Wednesday, October 12th. Finally, Zacks Investment Research upgraded Amazon.com from a hold rating to a strong-buy rating and set a $968.00 target price on the stock in a report on Friday, October 7th. 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 stock. The stock currently has an average rating of Buy and a consensus price target of $897.87.
Amazon.com (NASDAQ:AMZN) opened at 822.96 on Wednesday. Amazon.com has a one year low of $474.00 and a one year high of $847.21. The firm has a market capitalization of $390.14 billion, a P/E ratio of 204.67 and a beta of 1.19. The company’s 50-day moving average is $800.02 and its 200-day moving average is $726.41.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.67. The firm had revenue of $30.40 billion for the quarter, compared to analysts’ expectations of $29.54 billion. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. The company’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.19 EPS. Equities analysts forecast that Amazon.com will post $5.85 earnings per share for the current fiscal year.
In other news, insider Jeffrey M. Blackburn sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $760.98, for a total value of $7,609,800.00. Following the completion of the sale, the insider now directly owns 55,887 shares of the company’s stock, valued at approximately $42,528,889.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 14,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $800.00, for a total value of $11,200,000.00. Following the completion of 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. Corporate insiders own 17.70% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Pathstone Family Office LLC raised 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 valued at $105,000 after buying an additional 70 shares during the last quarter. Kistler Tiffany Companies LLC raised 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 valued at $108,000 after buying an additional 136 shares during the last quarter. Kings Point Capital Management bought a new stake in Amazon.com during the second quarter valued at about $109,000. Krilogy Financial LLC raised 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 valued at $142,000 after buying an additional 121 shares during the last quarter. Finally, West Oak Capital LLC raised 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 valued at $155,000 after buying an additional 111 shares during the last quarter. 65.47% 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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