UBS reiterated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a report issued on Friday morning, www.boersen-zeitung.de reports.
AMZN has been the topic of several other research reports. Cantor Fitzgerald reiterated a buy rating and issued a $1,150.00 price objective on shares of Amazon.com in a report on Tuesday, October 24th. They noted that the move was a valuation call. Vetr downgraded Amazon.com from a strong-buy rating to a buy rating and set a $1,079.96 price objective on the stock. in a report on Monday, October 23rd. Canaccord Genuity reiterated a buy rating and issued a $1,250.00 price objective (up previously from $1,200.00) on shares of Amazon.com in a report on Friday, October 27th. JMP Securities reiterated an outperform rating and issued a $1,125.00 price objective on shares of Amazon.com in a report on Friday, August 25th. Finally, SunTrust Banks began coverage on Amazon.com in a report on Tuesday, August 15th. They issued a buy rating and a $1,220.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $1,209.59.
Amazon.com (AMZN) opened at $1,133.95 on Friday. Amazon.com has a 12 month low of $742.00 and a 12 month high of $1,213.41. The company has a market capitalization of $546,420.00, a price-to-earnings ratio of 295.01, a PEG ratio of 14.56 and a beta of 1.46. 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 (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.57). The business 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 business’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same period last year, the company earned $0.52 EPS. sell-side analysts expect that Amazon.com will post 4.24 earnings per share for the current year.
In other news, CEO Andrew R. Jassy sold 1,985 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $1,125.38, for a total transaction of $2,233,879.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 544 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $1,126.27, for a total value of $612,690.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 399,538 shares of company stock valued at $441,142,749. Insiders own 17.00% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Vestor Capital LLC boosted its position in shares of 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 purchasing an additional 10 shares during the period. Whitnell & Co. boosted its position in shares of 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 purchasing an additional 93 shares during the period. WealthTrust Arizona LLC boosted its position in shares of 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 purchasing an additional 3 shares during the period. LeJeune Puetz Investment Counsel LLC acquired a new stake in shares of Amazon.com in the 2nd quarter valued at about $116,000. Finally, Mountain Capital Investment Advisors Inc acquired a new stake in shares of Amazon.com in the 2nd quarter valued at about $121,000. 59.79% of the stock is owned by institutional investors and hedge funds.
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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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