Amazon.com (NASDAQ:AMZN) was upgraded by stock analysts at Vetr from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The firm currently has a $1,204.70 price target on the e-commerce giant’s stock. Vetr‘s target price suggests a potential upside of 6.24% from the stock’s previous close.
AMZN has been the topic of a number of other reports. Tigress Financial reaffirmed a “buy” rating on shares of Amazon.com in a research note on Wednesday, August 9th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday. Oppenheimer reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday. Goldman Sachs Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday. Finally, Moffett Nathanson began coverage on shares of Amazon.com in a research note on Monday. They issued a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and fifty have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $1,210.68.
Shares of Amazon.com (AMZN) opened at $1,133.95 on Tuesday. 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 company has a market cap of $546,420.00, a price-to-earnings ratio of 295.01, a price-to-earnings-growth ratio of 14.56 and a beta of 1.46. Amazon.com has a twelve month low of $742.00 and a twelve month high of $1,213.41.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results 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 company had revenue of $43.74 billion during the quarter, compared to analyst estimates 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 for the quarter was up 33.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 earnings per share. equities analysts predict that Amazon.com will post 4.24 EPS for the current fiscal year.
In other Amazon.com news, CEO Jeffrey P. Bezos sold 391,110 shares of Amazon.com stock in a transaction dated 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 $88,162,593,058.49. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 544 shares of Amazon.com stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $1,126.27, for a total transaction of $612,690.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 399,538 shares of company stock worth $441,142,749. Insiders own 17.00% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Harbour Capital Advisors LLC increased its stake in shares of Amazon.com by 100,947.5% in the second quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock worth $2,379,000 after purchasing an additional 2,300,593 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Amazon.com by 1,045.8% in the second quarter. Janus Henderson Group PLC now owns 1,775,556 shares of the e-commerce giant’s stock worth $1,718,711,000 after purchasing an additional 1,620,588 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Amazon.com by 2.9% in the second 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 in the last quarter. Truepoint Inc. increased its stake in shares of Amazon.com by 94,448.7% in the third quarter. Truepoint Inc. now owns 572,965 shares of the e-commerce giant’s stock worth $573,000 after purchasing an additional 572,359 shares in the last quarter. Finally, BlackRock Inc. increased its stake in shares of Amazon.com by 2.4% in the second 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 in the last quarter. 59.79% of the stock is currently owned by institutional investors and hedge funds.
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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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