Amazon.com’s (AMZN) “Outperform” Rating Reiterated at Cowen and Company

Cowen and Company reaffirmed their outperform rating on shares of Amazon.com, Inc. (NASDAQ:AMZN) in a report issued on Monday. They currently have a $1,050.00 target price on the e-commerce giant’s stock.

Several other equities research analysts have also issued reports on AMZN. Cantor Fitzgerald reiterated a buy rating on shares of Amazon.com in a research report on Wednesday, December 28th. Zacks Investment Research lowered shares of Amazon.com from a hold rating to a sell rating in a report on Wednesday, December 28th. Evercore ISI restated a top pick rating on shares of Amazon.com in a report on Wednesday, December 28th. Wedbush restated a buy rating on shares of Amazon.com in a report on Wednesday, December 28th. Finally, Goldman Sachs Group Inc restated a buy rating and issued a $1,010.00 price objective on shares of Amazon.com in a report on Thursday, December 29th. Five investment analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $972.75.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

Shares of Amazon.com (NASDAQ:AMZN) traded up 1.27% during mid-day trading on Monday, hitting $920.88. The company had a trading volume of 2,152,507 shares. Amazon.com has a 12 month low of $599.20 and a 12 month high of $923.72. The firm has a 50-day moving average price of $877.83 and a 200 day moving average price of $818.79. The firm has a market capitalization of $439.42 billion, a P/E ratio of 187.93 and a beta of 1.40.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 2nd. The e-commerce giant reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.19. Amazon.com had a net margin of 1.74% and a return on equity of 13.87%. The business earned $43.74 billion during the quarter, compared to analyst estimates of $44.66 billion. During the same period in the previous year, the business posted $1.00 earnings per share. Amazon.com’s revenue for the quarter was up 22.4% on a year-over-year basis. On average, equities research analysts forecast that Amazon.com will post $7.23 earnings per share for the current fiscal year.

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In other news, Director Tom A. Alberg sold 590 shares of the stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total transaction of $501,500.00. Following the completion of the transaction, the director now directly owns 22,525 shares in the company, valued at approximately $19,146,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David Zapolsky sold 503 shares of the stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $850.00, for a total value of $427,550.00. Following the transaction, the insider now owns 2,523 shares of the company’s stock, valued at $2,144,550. The disclosure for this sale can be found here. Company insiders own 17.70% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Reilly Financial Advisors LLC raised its position in shares of Amazon.com by 0.4% in the third quarter. Reilly Financial Advisors LLC now owns 278 shares of the e-commerce giant’s stock worth $233,000 after buying an additional 1 shares during the period. Stillwater Capital Advisors LLC raised its position in shares of Amazon.com by 0.4% in the first quarter. Stillwater Capital Advisors LLC now owns 526 shares of the e-commerce giant’s stock worth $466,000 after buying an additional 2 shares during the period. Beese Fulmer Investment Management Inc. raised its position in shares of Amazon.com by 0.7% in the first quarter. Beese Fulmer Investment Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $256,000 after buying an additional 2 shares during the period. Round Table Services LLC raised its position in shares of Amazon.com by 0.3% in the first quarter. Round Table Services LLC now owns 701 shares of the e-commerce giant’s stock worth $621,000 after buying an additional 2 shares during the period. Finally, Affinity Wealth Management raised its position in shares of Amazon.com by 0.5% in the third quarter. Affinity Wealth Management now owns 578 shares of the e-commerce giant’s stock worth $484,000 after buying an additional 3 shares during the period. Hedge funds and other institutional investors own 65.08% of the company’s stock.

About Amazon.com

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.

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