Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating reaffirmed by equities research analysts at Cantor Fitzgerald in a report released on Tuesday, October 24th. They presently have a $1,150.00 price objective on the e-commerce giant’s stock. Cantor Fitzgerald’s target price indicates a potential upside of 2.19% from the stock’s current price. The analysts noted that the move was a valuation call.
Other equities analysts have also issued reports about the stock. Credit Suisse Group restated an “outperform” rating on shares of Amazon.com in a research report on Thursday, August 31st. Cowen and Company restated an “outperform” rating and set a $1,125.00 target price on shares of Amazon.com in a research report on Thursday, August 10th. Zacks Investment Research lowered shares of Amazon.com from a “hold” rating to a “strong sell” rating in a research report on Monday, July 24th. Barclays PLC lifted their price objective on shares of Amazon.com from $1,120.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, July 28th. Finally, MKM Partners reissued a “buy” rating and issued a $1,275.00 target price on shares of Amazon.com in a report on Wednesday, August 30th. Five equities research analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $1,142.08.
Shares of Amazon.com (AMZN) opened at $1,125.35 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00. Amazon.com has a 1-year low of $710.10 and a 1-year high of $1,135.54. The stock has a market cap of $542,274.63, a price-to-earnings ratio of 285.62, a PEG ratio of 14.04 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 EPS for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.57). The company had revenue of $43.74 billion during the quarter, compared to analyst estimates of $42.26 billion. Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The company’s quarterly 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 EPS. equities research analysts forecast that Amazon.com will post 4.26 EPS for the current fiscal year.
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In other Amazon.com news, CEO Andrew R. Jassy sold 1,985 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $986.12, for a total value of $1,957,448.20. Following the sale, the chief executive officer now owns 81,479 shares in the company, valued at $80,348,071.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 544 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $986.52, for a total transaction of $536,666.88. Following the completion of the sale, the vice president now owns 6,533 shares in the company, valued at approximately $6,444,935.16. The disclosure for this sale can be found here. Insiders have sold 401,343 shares of company stock worth $441,838,533 in the last quarter. 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. Leavell Investment Management Inc. grew its holdings in Amazon.com by 0.3% in the second quarter. Leavell Investment Management Inc. now owns 394 shares of the e-commerce giant’s stock worth $381,000 after purchasing an additional 1 shares during the period. SeaBridge Investment Advisors LLC grew its holdings in Amazon.com by 0.4% in the second quarter. SeaBridge Investment Advisors LLC now owns 272 shares of the e-commerce giant’s stock worth $263,000 after purchasing an additional 1 shares during the period. Probity Advisors Inc. grew its holdings in Amazon.com by 0.6% in the second quarter. Probity Advisors Inc. now owns 320 shares of the e-commerce giant’s stock worth $310,000 after purchasing an additional 2 shares during the period. Venturi Wealth Management LLC grew its holdings in Amazon.com by 0.3% in the second quarter. Venturi Wealth Management LLC now owns 632 shares of the e-commerce giant’s stock worth $612,000 after purchasing an additional 2 shares during the period. Finally, Regis Management CO LLC grew its holdings in Amazon.com by 0.9% in the second quarter. Regis Management CO LLC now owns 231 shares of the e-commerce giant’s stock worth $224,000 after purchasing an additional 2 shares during the period. Institutional investors and hedge funds 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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