Amazon.com, Inc. (NASDAQ:AMZN) Given Consensus Recommendation of “Buy” by Analysts

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Amazon.com, Inc. (NASDAQ:AMZN) has been assigned an average rating of “Buy” from the fifty-five brokerages that are presently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and forty-four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $3,274.10.

AMZN has been the subject of a number of analyst reports. BMO Capital Markets increased their price target on Amazon.com from $2,850.00 to $3,500.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Raymond James increased their price target on Amazon.com from $2,525.00 to $3,500.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Canaccord Genuity increased their price target on Amazon.com from $3,300.00 to $3,800.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. KeyCorp increased their price objective on shares of Amazon.com from $3,285.00 to $3,500.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Finally, MKM Partners increased their price objective on shares of Amazon.com from $3,550.00 to $3,650.00 in a report on Friday, July 31st.

Shares of AMZN stock opened at $3,156.13 on Wednesday. Amazon.com has a 52-week low of $1,626.03 and a 52-week high of $3,552.25. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.97 and a current ratio of 1.18. The firm has a market capitalization of $1,554.25 billion, a PE ratio of 121.34, a PEG ratio of 3.23 and a beta of 1.32. The stock has a fifty day simple moving average of $3,230.98 and a two-hundred day simple moving average of $2,603.18.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.74 by $8.56. Amazon.com had a return on equity of 20.47% and a net margin of 4.10%. The business had revenue of $88.91 billion during the quarter, compared to analyst estimates of $81.56 billion. On average, sell-side analysts forecast that Amazon.com will post 31.92 EPS for the current fiscal year.

In other news, CEO Jeffrey P. Bezos sold 97,654 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $3,150.09, for a total transaction of $307,618,888.86. Following the transaction, the chief executive officer now directly owns 54,583,923 shares of the company’s stock, valued at $171,944,270,003.07. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Indra K. Nooyi bought 27 shares of Amazon.com stock in a transaction dated Wednesday, July 1st. The shares were bought at an average cost of $2,806.80 per share, for a total transaction of $75,783.60. Following the completion of the transaction, the director now owns 707 shares of the company’s stock, valued at approximately $1,984,407.60. The disclosure for this purchase can be found here. In the last three months, insiders sold 102,815 shares of company stock valued at $324,095,003. 16.10% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. Gantzert Investment Co. LLC ADV purchased a new position in shares of Amazon.com during the second quarter worth approximately $28,000. Lountzis Asset Management LLC purchased a new position in shares of Amazon.com during the second quarter worth approximately $28,000. Sofos Investments Inc. increased its position in shares of Amazon.com by 120.0% during the first quarter. Sofos Investments Inc. now owns 121 shares of the e-commerce giant’s stock worth $31,000 after acquiring an additional 66 shares during the period. James Investment Research Inc. purchased a new position in shares of Amazon.com during the second quarter worth approximately $55,000. Finally, CBIZ Investment Advisory Services LLC increased its position in shares of Amazon.com by 262.5% during the first quarter. CBIZ Investment Advisory Services LLC now owns 29 shares of the e-commerce giant’s stock worth $57,000 after acquiring an additional 21 shares during the period. 57.32% of the stock is currently owned by institutional investors and hedge funds.

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 third-party sellers through physical stores and online stores.

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Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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