Amazon.com, Inc. (NASDAQ:AMZN) Stock Rating Reaffirmed by UBS AG

Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating restated by analysts at UBS AG in a research report issued to clients and investors on Friday, October 27th, www.benzinga.com reports.

AMZN has been the subject of several other research reports. Royal Bank of Canada restated a “buy” rating and set a $1,200.00 target price (up previously from $1,100.00) on shares of Amazon.com in a research report on Friday, October 27th. Atlantic Securities reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, October 27th. Morgan Stanley reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, October 27th. Credit Suisse Group restated a “buy” rating on shares of Amazon.com in a research report on Friday, October 27th. Finally, Needham & Company LLC restated a “buy” rating and set a $1,250.00 target price (up previously from $1,150.00) on shares of Amazon.com in a research report on Friday, October 27th. Five analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the company’s stock. Amazon.com has a consensus rating of “Buy” and a consensus target price of $1,142.08.

Shares of Amazon.com (AMZN) opened at $1,125.35 on Friday. 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 capitalization of $544,096.38, a PE ratio of 286.58, a PEG ratio of 14.08 and a beta of 1.45. Amazon.com has a one year low of $710.10 and a one year high of $1,135.54.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.57). Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The business had revenue of $43.74 billion during the quarter, compared to analyst estimates of $42.26 billion. During the same period last year, the business earned $0.52 EPS. The business’s quarterly revenue was up 33.7% compared to the same quarter last year. equities research analysts anticipate that Amazon.com will post 4.26 earnings per share for the current fiscal year.

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In other Amazon.com news, CEO Jeffrey A. Wilke sold 710 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $981.74, for a total transaction of $697,035.40. Following the sale, the chief executive officer now owns 15,312 shares of the company’s stock, valued at $15,032,402.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 1,985 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $986.12, for a total transaction of $1,957,448.20. Following the sale, the chief executive officer now directly owns 81,479 shares in the company, valued at approximately $80,348,071.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 401,343 shares of company stock worth $441,838,533. 17.70% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vestor Capital LLC grew its position in Amazon.com by 10.1% in the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after buying an additional 10 shares during the last quarter. Whitnell & Co. grew its position in Amazon.com by 581.3% in the 3rd quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after buying an additional 93 shares during the last quarter. WealthTrust Arizona LLC grew its position in Amazon.com by 2.7% in the 2nd quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after buying an additional 3 shares during the last quarter. LeJeune Puetz Investment Counsel LLC purchased a new position in Amazon.com in the 2nd quarter valued at $116,000. Finally, Mountain Capital Investment Advisors Inc purchased a new position in Amazon.com in the 2nd quarter valued at $121,000. Institutional investors and hedge funds own 60.62% of the company’s stock.

About Amazon.com

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.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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