Amazon.com (AMZN) Lowered to “Hold” at ValuEngine

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ValuEngine downgraded shares of Amazon.com (NASDAQ:AMZN) from a buy rating to a hold rating in a report issued on Friday.

Other research analysts have also issued reports about the company. Nomura restated a buy rating on shares of Amazon.com in a research report on Friday, July 27th. Canaccord Genuity raised their price target on Amazon.com from $2,000.00 to $2,100.00 and gave the stock a buy rating in a research report on Friday, July 27th. Morgan Stanley reiterated a buy rating on shares of Amazon.com in a report on Wednesday, July 11th. Macquarie reiterated a buy rating on shares of Amazon.com in a report on Friday, July 27th. Finally, Barclays reiterated a buy rating and set a $1,870.00 target price on shares of Amazon.com in a report on Friday, July 27th. Four investment analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $2,005.64.

Shares of NASDAQ:AMZN traded up $69.25 during midday trading on Friday, hitting $1,788.61. The company had a trading volume of 9,384,185 shares, compared to its average volume of 5,128,370. Amazon.com has a 12 month low of $962.50 and a 12 month high of $2,050.50. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $976.95 billion, a P/E ratio of 393.10, a P/E/G ratio of 4.17 and a beta of 1.58.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.49 by $2.58. Amazon.com had a return on equity of 18.47% and a net margin of 3.02%. The business had revenue of $52.89 billion for the quarter, compared to analyst estimates of $53.37 billion. During the same period last year, the company earned $0.40 EPS. The firm’s revenue was up 39.3% on a year-over-year basis. As a group, equities research analysts expect that Amazon.com will post 17.78 earnings per share for the current year.

In related news, CEO Jeffrey A. Wilke sold 2,000 shares of Amazon.com stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $1,981.72, for a total value of $3,963,440.00. Following the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $19,817,200. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Tom A. Alberg sold 2,320 shares of Amazon.com stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $1,827.29, for a total value of $4,239,312.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,308 shares of company stock worth $47,905,498. 16.30% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Summit Trail Advisors LLC boosted its stake in Amazon.com by 180,406.1% in the 1st quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock worth $9,848,000 after purchasing an additional 9,842,959 shares in the last quarter. Cornerstone Wealth Management LLC boosted its stake in Amazon.com by 198,956.6% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 3,340,169 shares of the e-commerce giant’s stock worth $1,949,000 after purchasing an additional 3,338,491 shares in the last quarter. Private Advisor Group LLC boosted its stake in Amazon.com by 2,407.1% in the 2nd quarter. Private Advisor Group LLC now owns 391,158 shares of the e-commerce giant’s stock worth $665,092,000 after purchasing an additional 375,556 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in Amazon.com by 132.8% in the 2nd quarter. OppenheimerFunds Inc. now owns 539,375 shares of the e-commerce giant’s stock worth $916,829,000 after purchasing an additional 307,692 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC boosted its stake in Amazon.com by 136,351.3% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 260,622 shares of the e-commerce giant’s stock worth $677,000 after purchasing an additional 260,431 shares in the last quarter. 57.36% of the stock is currently owned by hedge funds and other institutional investors.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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