Citigroup Inc. restated their buy rating on shares of Amazon.com, Inc. (NASDAQ:AMZN) in a research note published on Friday, October 27th. They currently have a $1,250.00 price objective on the e-commerce giant’s stock.
Several other research analysts have also commented on the company. Barclays PLC reissued an overweight rating and issued a $1,210.00 price target (up from $1,150.00) on shares of Amazon.com in a research report on Friday, October 27th. Goldman Sachs Group, Inc. (The) reissued a buy rating on shares of Amazon.com in a research report on Thursday, October 26th. Cantor Fitzgerald reissued a buy rating and issued a $1,150.00 price target on shares of Amazon.com in a research report on Tuesday, October 24th. They noted that the move was a valuation call. J P Morgan Chase & Co reaffirmed a buy rating on shares of Amazon.com in a research report on Tuesday, October 24th. Finally, Deutsche Bank AG reaffirmed a buy rating and set a $1,192.00 target price on shares of Amazon.com in a research report on Tuesday, October 24th. Five investment analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $1,142.08.
Amazon.com (NASDAQ AMZN) traded down $3.78 on Friday, reaching $1,125.35. The company had a trading volume of 2,179,900 shares, compared to its average volume of 3,549,393. Amazon.com has a one year low of $710.10 and a one year high of $1,135.54. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00. The stock has a market cap of $544,096.38, a PE ratio of 286.58, a P/E/G ratio of 14.08 and a beta of 1.45.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.57). Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The firm had revenue of $43.74 billion during the quarter, compared to analysts’ expectations of $42.26 billion. During the same quarter in the prior year, the company posted $0.52 earnings per share. Amazon.com’s quarterly revenue was up 33.7% compared to the same quarter last year. sell-side analysts anticipate that Amazon.com will post 4.26 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This piece was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece can be read at https://www.dispatchtribunal.com/2017/11/11/citigroup-inc-raises-amazon-com-inc-amzn-price-target-to-1250-00.html.
In other news, CEO Jeffrey P. Bezos sold 391,110 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the completion of the sale, the chief executive officer now directly owns 79,891,433 shares in the company, valued at approximately $88,162,593,058.49. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Tom A. Alberg sold 1,860 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $1,109.20, for a total value of $2,063,112.00. Following the sale, the director now owns 18,460 shares of the company’s stock, valued at $20,475,832. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 401,343 shares of company stock valued at $441,838,533. Insiders own 17.70% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Whitnell & Co. boosted its position in Amazon.com by 581.3% during the 3rd quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock worth $105,000 after purchasing an additional 93 shares during the period. Vestor Capital LLC boosted its position in Amazon.com by 10.1% during the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after purchasing an additional 10 shares during the period. Clear Investment Research LLC boosted its position in Amazon.com by 73,100.0% during the 2nd quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock worth $107,000 after purchasing an additional 731 shares during the period. WealthTrust Arizona LLC boosted its position in Amazon.com by 2.7% during the 2nd quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock worth $110,000 after purchasing an additional 3 shares during the period. Finally, LeJeune Puetz Investment Counsel LLC purchased a new stake in Amazon.com during the 2nd quarter worth $116,000. 60.62% of the stock is owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.