Amazon.com (AMZN) Earns Overweight Rating from Piper Jaffray Companies

Piper Jaffray Companies reaffirmed their overweight rating on shares of Amazon.com (NASDAQ:AMZN) in a research report report published on Tuesday, MarketBeat Ratings reports. Piper Jaffray Companies currently has a $1,400.00 price objective on the e-commerce giant’s stock, up from their previous price objective of $1,200.00.

Several other equities research analysts have also recently weighed in on the stock. BidaskClub upgraded shares of Amazon.com from a hold rating to a buy rating in a research report on Tuesday. Credit Suisse Group restated a buy rating on shares of Amazon.com in a research report on Tuesday. Robert W. Baird restated a buy rating and issued a $1,310.00 price objective on shares of Amazon.com in a research report on Monday, January 8th. Vetr cut shares of Amazon.com from a buy rating to a hold rating and set a $1,277.08 price objective for the company. in a research report on Monday, January 8th. Finally, Citigroup restated a buy rating and issued a $1,400.00 price objective (up previously from $1,250.00) on shares of Amazon.com in a research report on Friday, January 5th. Four investment analysts have rated the stock with a hold rating and fifty-one have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $1,262.35.

Shares of Amazon.com (AMZN) opened at $1,305.20 on Tuesday. The stock has a market cap of $615,196.63, a PE ratio of 331.27, a P/E/G ratio of 7.60 and a beta of 1.46. 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 $803.00 and a 1 year high of $1,305.76.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data 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). 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 revenue was up 33.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 EPS. analysts expect that Amazon.com will post 4.24 earnings per share for the current fiscal year.

In related news, Director Tom A. Alberg sold 1,860 shares of the business’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 transaction, the director now directly owns 18,460 shares in the company, valued at $20,475,832. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jeffrey P. Bezos sold 391,110 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the transaction, the chief executive officer now owns 79,891,433 shares in the company, valued at $88,162,593,058.49. The disclosure for this sale can be found here. Insiders sold 402,338 shares of company stock worth $444,391,701 over the last quarter. 17.70% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Leavell Investment Management Inc. increased its holdings in Amazon.com by 0.3% during the second quarter. Leavell Investment Management Inc. now owns 394 shares of the e-commerce giant’s stock worth $381,000 after buying an additional 1 shares during the last quarter. Probity Advisors Inc. increased its holdings in Amazon.com by 0.6% during the second quarter. Probity Advisors Inc. now owns 320 shares of the e-commerce giant’s stock worth $310,000 after buying an additional 2 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in Amazon.com by 0.3% during the second quarter. Venturi Wealth Management LLC now owns 632 shares of the e-commerce giant’s stock worth $612,000 after buying an additional 2 shares during the last quarter. Regis Management CO LLC increased its holdings in Amazon.com by 0.9% during the second quarter. Regis Management CO LLC now owns 231 shares of the e-commerce giant’s stock worth $224,000 after buying an additional 2 shares during the last quarter. Finally, Hall Capital Management Co. Inc. increased its holdings in Amazon.com by 0.8% during the second quarter. Hall Capital Management Co. Inc. now owns 403 shares of the e-commerce giant’s stock worth $390,000 after buying an additional 3 shares during the last quarter. Institutional investors and hedge funds own 59.78% of the company’s stock.

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About Amazon.com

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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