Robert W. Baird restated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research report sent to investors on Monday. The firm currently has a $1,310.00 price target on the e-commerce giant’s stock.
AMZN has been the subject of a number of other reports. Cantor Fitzgerald reiterated a buy rating and set a $1,150.00 target price on shares of Amazon.com in a report on Tuesday, October 24th. They noted that the move was a valuation call. Vetr lowered shares of Amazon.com from a strong-buy rating to a buy rating and set a $1,079.96 price objective for the company. in a report on Monday, October 23rd. Canaccord Genuity restated a buy rating and issued a $1,250.00 price objective (up from $1,200.00) on shares of Amazon.com in a report on Friday, October 27th. Jefferies Group restated a buy rating and issued a $1,350.00 price objective on shares of Amazon.com in a report on Friday, October 27th. Finally, Morgan Stanley restated a buy rating and issued a $1,150.00 price objective on shares of Amazon.com in a report on Tuesday, October 10th. Four equities research analysts have rated the stock with a hold rating and fifty-one have issued a buy rating to the company. Amazon.com has an average rating of Buy and a consensus target price of $1,252.46.
Shares of Amazon.com (NASDAQ AMZN) opened at $1,254.33 on Monday. 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 cap of $604,430.00, a PE ratio of 316.75, a PEG ratio of 7.22 and a beta of 1.46. Amazon.com has a 1-year low of $789.51 and a 1-year high of $1,259.33.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.57). The firm had revenue of $43.74 billion for the quarter, compared to analysts’ expectations of $42.26 billion. Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The business’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.52 earnings per share. research analysts predict that Amazon.com will post 4.24 EPS for the current year.
In related news, VP Shelley Reynolds sold 544 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,126.27, for a total transaction of $612,690.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 1,985 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,125.38, for a total transaction of $2,233,879.30. The disclosure for this sale can be found here. Insiders have sold 402,338 shares of company stock valued at $444,391,701 in the last three months. 17.00% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Oak Point Wealth Management bought a new stake in Amazon.com in the 4th quarter worth approximately $125,000. 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 worth $106,000 after purchasing an additional 10 shares during the period. 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 worth $105,000 after purchasing an additional 93 shares during the period. LeJeune Puetz Investment Counsel LLC bought a new stake in Amazon.com in the 2nd quarter worth approximately $116,000. Finally, Mountain Capital Investment Advisors Inc bought a new stake in Amazon.com in the 2nd quarter worth approximately $121,000. 59.78% 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.
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