Amazon.com (NASDAQ:AMZN) Rating Reiterated by Citigroup

Citigroup reissued their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a report released on Sunday, November 19th.

Several other research analysts have also recently weighed in on AMZN. Goldman Sachs Group restated a conviction-buy rating and set a $1,275.00 price target on shares of Amazon.com in a report on Wednesday, August 9th. Cowen restated an outperform rating and set a $1,125.00 price target on shares of Amazon.com in a report on Thursday, August 10th. Piper Jaffray Companies restated an overweight rating and set a $1,200.00 price target on shares of Amazon.com in a report on Thursday, August 10th. Tigress Financial restated a buy rating on shares of Amazon.com in a report on Wednesday, August 9th. Finally, Cantor Fitzgerald restated a buy rating and set a $1,150.00 price target on shares of Amazon.com in a report on Thursday, September 28th. Four equities research analysts have rated the stock with a hold rating and fifty have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $1,219.02.

Shares of Amazon.com (AMZN) traded up $7.44 during midday trading on Friday, hitting $1,159.79. 2,509,189 shares of the stock were exchanged, compared to its average volume of 3,579,047. Amazon.com has a 52-week low of $747.70 and a 52-week high of $1,213.41. The firm has a market capitalization of $558,540.00, a PE ratio of 289.74, a P/E/G ratio of 14.30 and a beta of 1.46. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.03 and a quick ratio of 0.74.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.57). Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The firm had revenue of $43.74 billion for the quarter, compared to analysts’ expectations of $42.26 billion. During the same quarter last year, the firm posted $0.52 earnings per share. The firm’s revenue for the quarter was up 33.7% compared to the same quarter last year. research analysts forecast that Amazon.com will post 4.24 EPS for the current year.

In other news, VP Shelley Reynolds sold 544 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $1,126.27, for a total value of $612,690.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tom A. Alberg sold 1,860 shares of the company’s 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 of the company’s stock, valued at approximately $20,475,832. The disclosure for this sale can be found here. Insiders sold a total of 399,538 shares of company stock valued at $441,142,749 in the last ninety days. 17.70% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. Whitnell & Co. boosted its position in Amazon.com by 581.3% during 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 period. Vestor Capital LLC boosted its position in Amazon.com by 10.1% during 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 period. Clear Investment Research LLC boosted its position in Amazon.com by 73,100.0% during the 2nd quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock valued at $107,000 after buying an additional 731 shares during the period. WealthTrust Arizona LLC boosted its position in Amazon.com by 2.7% during 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 period. Finally, LeJeune Puetz Investment Counsel LLC purchased a new stake in Amazon.com during the 2nd quarter valued at $116,000. 59.79% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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