Deutsche Bank AG reissued their buy rating on shares of Amazon.com Inc. (NASDAQ:AMZN) in a report published on Wednesday morning. Deutsche Bank AG currently has a $985.00 target price on the e-commerce giant’s stock.
AMZN has been the subject of several other reports. Goldman Sachs Group Inc. reaffirmed a buy rating and issued a $920.00 target price on shares of Amazon.com in a report on Thursday, September 8th. Mizuho boosted their price objective on shares of Amazon.com from $855.00 to $950.00 and gave the company a buy rating in a report on Friday, September 23rd. Evercore ISI reissued a buy rating and set a $1,015.00 price objective (up from $930.00) on shares of Amazon.com in a report on Friday, September 16th. Vetr raised shares of Amazon.com from a hold rating to a buy rating and set a $880.16 price objective for the company in a report on Thursday, October 6th. Finally, Piper Jaffray Cos. reissued an overweight rating and set a $900.00 price objective on shares of Amazon.com in a report on Wednesday, September 7th. Five analysts have rated the stock with a hold rating, forty-six have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of $897.87.
Amazon.com (NASDAQ:AMZN) opened at 812.95 on Wednesday. Amazon.com has a one year low of $474.00 and a one year high of $847.21. The firm has a 50-day moving average of $801.27 and a 200 day moving average of $729.86. The company has a market capitalization of $385.40 billion, a P/E ratio of 202.18 and a beta of 1.19.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.67. The business earned $30.40 billion during the quarter, compared to analysts’ expectations of $29.54 billion. Amazon.com had a net margin of 1.60% and a return on equity of 13.52%. The business’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.19 earnings per share. On average, equities analysts forecast that Amazon.com will post $5.85 EPS for the current fiscal year.
In other news, insider Jeffrey M. Blackburn sold 10,000 shares of the 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 $42,528,889.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 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. 17.70% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in 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 during the last quarter. Emerald Acquisition Ltd. purchased a new stake in Amazon.com during the second quarter valued at $479,380,000. Societe Generale purchased a new stake in Amazon.com during the second quarter valued at $391,842,000. Bank of Montreal Can purchased a new stake in Amazon.com during the second quarter valued at $341,933,000. Finally, Point72 Asset Management L.P. increased its stake in 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 valued at $477,047,000 after buying an additional 461,020 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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