Aegis reaffirmed their buy rating on shares of Amazon.com, Inc. (NASDAQ:AMZN) in a report published on Friday, October 27th, MarketBeat.com reports. Aegis currently has a $1,289.00 target price on the e-commerce giant’s stock, up from their prior target price of $1,171.00.
A number of other equities analysts also recently commented on AMZN. Goldman Sachs Group, Inc. (The) restated a conviction-buy rating and issued a $1,275.00 price objective on shares of Amazon.com in a report on Wednesday, August 9th. Cowen and Company restated an outperform rating and issued a $1,125.00 price objective on shares of Amazon.com in a report on Thursday, August 10th. Piper Jaffray Companies reiterated an overweight rating and set a $1,200.00 target price on shares of Amazon.com in a report on Thursday, August 10th. Tigress Financial reiterated a buy rating on shares of Amazon.com in a report on Wednesday, August 9th. Finally, Cantor Fitzgerald reiterated a buy rating and set a $1,150.00 target price on shares of Amazon.com in a report on Thursday, September 28th. Five equities research analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the stock. Amazon.com has a consensus rating of Buy and an average price target of $1,142.08.
Shares of Amazon.com (AMZN) opened at $1,125.35 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.03 and a debt-to-equity ratio of 1.00. Amazon.com has a 52 week low of $710.10 and a 52 week high of $1,135.54. The stock has a market capitalization of $544,096.38, a PE ratio of 286.58, a price-to-earnings-growth ratio of 14.08 and a beta of 1.45.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.57). The firm had revenue of $43.74 billion during 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 business’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.52 earnings per share. equities analysts predict that Amazon.com will post 4.26 earnings per share for the current year.
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In other Amazon.com news, VP Shelley Reynolds sold 544 shares of Amazon.com stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $986.52, for a total value of $536,666.88. Following the sale, the vice president now owns 6,533 shares of the company’s stock, valued at approximately $6,444,935.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,800 shares of Amazon.com stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $955.20, for a total value of $2,674,560.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $9,552,000. The disclosure for this sale can be found here. Insiders have sold a total of 401,343 shares of company stock worth $441,838,533 in the last ninety days. 17.70% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in AMZN. Waldron LP grew its holdings 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 acquiring an additional 535 shares in the last quarter. Janney Capital Management LLC grew its holdings in Amazon.com by 6.5% during the first quarter. Janney Capital Management LLC now owns 311 shares of the e-commerce giant’s stock worth $275,000 after purchasing an additional 19 shares during the period. Polaris Greystone Financial Group LLC grew its holdings in Amazon.com by 6.3% during the first quarter. Polaris Greystone Financial Group LLC now owns 1,423 shares of the e-commerce giant’s stock worth $1,262,000 after purchasing an additional 84 shares during the period. 1ST Source Bank grew its holdings in Amazon.com by 537.0% during the first quarter. 1ST Source Bank now owns 4,198 shares of the e-commerce giant’s stock worth $3,722,000 after purchasing an additional 3,539 shares during the period. Finally, Physicians Financial Services Inc. grew its holdings in Amazon.com by 8.1% during the first quarter. Physicians Financial Services Inc. now owns 3,585 shares of the e-commerce giant’s stock worth $3,178,000 after purchasing an additional 270 shares during the period. Institutional investors own 60.62% of the company’s stock.
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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