Amazon.com, Inc. (NASDAQ:AMZN) was upgraded by research analysts at Monness Crespi & Hardt from a “neutral” rating to a “buy” rating in a research report issued on Friday, October 27th, Marketbeat Ratings reports. The brokerage currently has a $1,250.00 target price on the e-commerce giant’s stock. Monness Crespi & Hardt’s price objective suggests a potential upside of 11.08% from the stock’s previous close.
A number of other analysts also recently commented on AMZN. Vetr upgraded shares of Amazon.com from a “buy” rating to a “strong-buy” rating and set a $1,095.08 price objective for the company in a report on Monday, July 3rd. Royal Bank of Canada restated an “outperform” rating and set a $1,100.00 price target on shares of Amazon.com in a report on Monday, July 3rd. BidaskClub downgraded shares of Amazon.com from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Robert W. Baird restated an “outperform” rating and set a $850.00 price target on shares of Amazon.com in a report on Tuesday, July 4th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $1,100.00 price objective on shares of Amazon.com in a research report on Tuesday, July 11th. Five equities research analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $1,142.08.
Amazon.com (AMZN) traded down $3.78 on Friday, hitting $1,125.35. 2,179,900 shares of the company traded hands, compared to its average volume of 3,549,393. Amazon.com has a 52-week low of $710.10 and a 52-week high of $1,135.54. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03. The firm has a market cap of $544,096.38, a P/E ratio of 286.58, a PEG ratio of 14.08 and a beta of 1.45.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.57). The company had revenue of $43.74 billion for the quarter, compared to analyst estimates of $42.26 billion. Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The firm’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same quarter last year, the company earned $0.52 EPS. sell-side analysts expect that Amazon.com will post 4.26 earnings per share for the current year.
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In other news, CEO Jeffrey P. Bezos sold 391,110 shares of Amazon.com stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the transaction, the chief executive officer now owns 79,891,433 shares of the company’s stock, valued at $88,162,593,058.49. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Tom A. Alberg sold 1,860 shares of Amazon.com stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $1,109.20, for a total transaction of $2,063,112.00. Following the completion of the transaction, the director now directly owns 18,460 shares in the company, valued at approximately $20,475,832. The disclosure for this sale can be found here. In the last three months, insiders sold 401,343 shares of company stock worth $441,838,533. Insiders own 17.70% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Waldron LP boosted its stake in shares of Amazon.com by 43.6% in the 1st 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 in the last quarter. Janney Capital Management LLC increased its stake in shares of Amazon.com by 6.5% in the 1st quarter. Janney Capital Management LLC now owns 311 shares of the e-commerce giant’s stock valued at $275,000 after acquiring an additional 19 shares during the last quarter. Polaris Greystone Financial Group LLC increased its stake in shares of Amazon.com by 6.3% in the 1st quarter. Polaris Greystone Financial Group LLC now owns 1,423 shares of the e-commerce giant’s stock valued at $1,262,000 after acquiring an additional 84 shares during the last quarter. 1ST Source Bank increased its stake in shares of Amazon.com by 537.0% in the 1st quarter. 1ST Source Bank now owns 4,198 shares of the e-commerce giant’s stock valued at $3,722,000 after acquiring an additional 3,539 shares during the last quarter. Finally, Physicians Financial Services Inc. increased its stake in shares of Amazon.com by 8.1% in the 1st quarter. Physicians Financial Services Inc. now owns 3,585 shares of the e-commerce giant’s stock valued at $3,178,000 after acquiring an additional 270 shares during the last quarter. Hedge funds and other institutional investors own 60.62% of the company’s stock.
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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