Amazon.com, Inc. (NASDAQ:AMZN) had its price target lifted by Wells Fargo & Company from $1,400.00 to $1,430.00 in a research note released on Friday, October 27th. Wells Fargo & Company currently has an outperform rating on the e-commerce giant’s stock.
Several other research analysts have also recently issued reports on the stock. Loop Capital set a $1,300.00 target price on shares of Amazon.com and gave the stock a buy rating in a report on Friday, October 27th. Oppenheimer Holdings, Inc. reaffirmed an outperform rating on shares of Amazon.com in a report on Friday, October 27th. UBS AG reaffirmed a buy rating on shares of Amazon.com in a report on Friday, October 27th. Royal Bank Of Canada reaffirmed a buy rating and issued a $1,200.00 target price (up from $1,100.00) on shares of Amazon.com in a report on Friday, October 27th. Finally, Atlantic Securities reaffirmed a buy rating on shares of Amazon.com in a report on Friday, October 27th. Five analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $1,142.08.
Amazon.com (NASDAQ: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. The stock has a market cap of $542,274.63, a PE ratio of 285.62, a price-to-earnings-growth ratio of 14.04 and a beta of 1.45. Amazon.com has a twelve month low of $710.10 and a twelve month high of $1,135.54.
Amazon.com (NASDAQ:AMZN) last issued 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 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 firm’s quarterly revenue was up 33.7% on a year-over-year basis. During the same period last year, the firm posted $0.52 earnings per share. sell-side analysts predict that Amazon.com will post 4.26 EPS for the current fiscal year.
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In related news, CEO Jeffrey P. Bezos sold 391,110 shares of Amazon.com stock in a transaction 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 sale, the chief executive officer now owns 79,891,433 shares of the company’s stock, valued at approximately $88,162,593,058.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tom A. Alberg sold 1,860 shares of Amazon.com stock in a transaction 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 sale, 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. Insiders sold a total of 401,343 shares of company stock worth $441,838,533 in the last three months. 17.70% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Amazon.com by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock worth $26,003,758,000 after purchasing an additional 764,115 shares during the last quarter. BlackRock Inc. boosted its stake in Amazon.com by 2.4% during the 2nd quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock worth $23,160,193,000 after purchasing an additional 554,990 shares during the last quarter. State Street Corp boosted its stake in Amazon.com by 1.1% during the 1st quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock worth $14,667,392,000 after purchasing an additional 186,756 shares during the last quarter. Capital Research Global Investors boosted its stake in Amazon.com by 0.4% during the 2nd quarter. Capital Research Global Investors now owns 10,711,772 shares of the e-commerce giant’s stock worth $10,368,995,000 after purchasing an additional 40,068 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in Amazon.com by 1.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 2,828,302 shares of the e-commerce giant’s stock worth $2,737,796,000 after purchasing an additional 46,800 shares during the last quarter. 60.62% of the stock is currently owned by 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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