Morgan Stanley restated their buy rating on shares of Amazon.com, Inc. (NASDAQ:AMZN) in a research note released on Friday, October 27th.
AMZN has been the subject of a number of other research reports. Stifel Nicolaus reiterated a buy rating and issued a $1,100.00 price objective on shares of Amazon.com in a report on Tuesday, October 24th. Vetr downgraded shares of Amazon.com from a strong-buy rating to a buy rating and set a $1,132.46 price target for the company. in a report on Tuesday, July 18th. Loop Capital set a $1,200.00 price target on shares of Amazon.com and gave the stock a buy rating in a report on Friday, October 20th. Royal Bank of Canada set a $1,100.00 price target on shares of Amazon.com and gave the stock a buy rating in a report on Monday, September 11th. Finally, Needham & Company LLC reiterated a buy rating and issued a $1,250.00 target price (up previously from $1,150.00) on shares of Amazon.com in a report on Friday, October 27th. Five investment analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $1,142.08.
Amazon.com (NASDAQ:AMZN) traded down $3.78 during trading hours on Friday, reaching $1,125.35. 2,179,900 shares of the company’s stock traded hands, compared to its average volume of 3,549,393. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03. Amazon.com has a one year low of $710.10 and a one year high of $1,135.54. The stock has a market capitalization of $544,096.38, a price-to-earnings ratio of 286.58, a price-to-earnings-growth ratio of 14.08 and a beta of 1.45.
Amazon.com (NASDAQ:AMZN) last posted its earnings results 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). The firm had revenue of $43.74 billion for the quarter, compared to analysts’ expectations of $42.26 billion. Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The company’s revenue was up 33.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 earnings per share. research analysts predict that Amazon.com will post 4.26 EPS for the current year.
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In related news, Director Tom A. Alberg sold 1,860 shares of the firm’s stock in a transaction dated 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 directly owns 18,460 shares of the company’s stock, valued at $20,475,832. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shelley Reynolds sold 544 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $986.52, for a total value of $536,666.88. Following the completion of the sale, the vice president now directly owns 6,533 shares in the company, valued at $6,444,935.16. The disclosure for this sale can be found here. Insiders sold 401,343 shares of company stock worth $441,838,533 in the last 90 days. 17.70% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the company. Vestor Capital LLC boosted its stake in shares of Amazon.com by 10.1% during the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after purchasing an additional 10 shares in the last quarter. Whitnell & Co. boosted its stake in shares of Amazon.com by 581.3% during the third quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after purchasing an additional 93 shares in the last quarter. WealthTrust Arizona LLC boosted its stake in shares of Amazon.com by 2.7% during the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after purchasing an additional 3 shares in the last quarter. LeJeune Puetz Investment Counsel LLC acquired a new stake in shares of Amazon.com during the second quarter valued at about $116,000. Finally, Mountain Capital Investment Advisors Inc acquired a new stake in shares of Amazon.com during the second quarter valued at about $121,000. 60.62% of the stock is currently owned by hedge funds and other institutional investors.
Amazon.com Company Profile
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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