Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “hold” rating reiterated by KeyCorp in a note issued to investors on Tuesday, October 17th.
Several other brokerages also recently commented on AMZN. UBS AG reiterated a “buy” rating and issued a $1,100.00 target price on shares of Amazon.com in a report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) reiterated a “conviction-buy” rating and issued a $1,275.00 target price on shares of Amazon.com in a report on Wednesday, August 9th. Cowen and Company restated an “outperform” rating and set a $1,125.00 price objective on shares of Amazon.com in a report on Thursday, August 10th. Piper Jaffray Companies restated an “overweight” rating and set a $1,200.00 price objective on shares of Amazon.com in a report on Thursday, August 10th. Finally, Tigress Financial restated a “buy” rating on shares of Amazon.com in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and fifty-one have issued a buy rating to the stock. Amazon.com has an average rating of “Buy” and a consensus target price of $1,131.80.
Shares of Amazon.com (AMZN) traded up 13.22% during mid-day trading on Tuesday, reaching $1100.95. The company had a trading volume of 16,565,021 shares. The company’s 50-day moving average is $976.74 and its 200 day moving average is $972.88. The stock has a market capitalization of $528.87 billion, a P/E ratio of 280.00 and a beta of 1.47. Amazon.com has a 52-week low of $710.10 and a 52-week high of $1,105.58.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.57). Amazon.com had a net margin of 1.20% and a return on equity of 9.00%. The business had revenue of $43.74 billion during the quarter, compared to analyst estimates of $42.26 billion. During the same period in the previous year, the firm posted $0.52 EPS. The firm’s revenue for the quarter was up 33.7% on a year-over-year basis. Analysts anticipate that Amazon.com will post $3.67 EPS for the current fiscal year.
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In related news, CEO Jeffrey A. Wilke sold 710 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $987.39, for a total value of $701,046.90. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $9,873,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total transaction of $2,674,560.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $9,552,000. The disclosure for this sale can be found here. Insiders sold a total of 9,083 shares of company stock worth $8,874,850 over the last three months. 17.70% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMZN. Meritage Portfolio Management lifted its holdings in Amazon.com by 21.6% during the first quarter. Meritage Portfolio Management now owns 24,546 shares of the e-commerce giant’s stock valued at $21,761,000 after purchasing an additional 4,368 shares during the last quarter. Waldron LP lifted its holdings in Amazon.com by 43.6% during the first quarter. Waldron LP now owns 1,762 shares of the e-commerce giant’s stock valued at $1,521,000 after purchasing an additional 535 shares during the last quarter. Crestwood Advisors Group LLC lifted its holdings in Amazon.com by 12.4% during the first quarter. Crestwood Advisors Group LLC now owns 4,573 shares of the e-commerce giant’s stock valued at $4,054,000 after purchasing an additional 506 shares during the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC purchased a new stake in Amazon.com during the first quarter valued at about $799,000. Finally, Personal Capital Advisors Corp lifted its holdings in Amazon.com by 9.8% during the first quarter. Personal Capital Advisors Corp now owns 37,797 shares of the e-commerce giant’s stock valued at $33,047,000 after purchasing an additional 3,375 shares during the last quarter. 60.80% of the stock is currently owned by institutional investors and hedge funds.
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 Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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