Amazon.com (AMZN) Earns “Buy” Rating from Citigroup

Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating reissued by stock analysts at Citigroup in a report issued on Friday, January 5th. They presently have a $1,400.00 target price on the e-commerce giant’s stock, up from their prior target price of $1,250.00. Citigroup’s price objective indicates a potential upside of 7.26% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the company. JMP Securities restated an “outperform” rating and set a $1,350.00 price target (up from $1,240.00) on shares of Amazon.com in a report on Tuesday, December 19th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $1,375.00 target price (up from $1,220.00) on shares of Amazon.com in a report on Monday, December 18th. Guggenheim restated a “buy” rating and set a $1,400.00 price objective on shares of Amazon.com in a research note on Thursday, December 14th. Cowen reaffirmed an “outperform” rating and set a $1,500.00 target price (up from $1,225.00) on shares of Amazon.com in a research report on Thursday, December 7th. Finally, Evercore ISI assumed coverage on Amazon.com in a research report on Tuesday, December 5th. They issued an “outperform” rating for the company. 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 stock presently has an average rating of “Buy” and a consensus target price of $1,262.35.

Amazon.com (NASDAQ:AMZN) traded up $28.52 during trading hours on Friday, hitting $1,305.20. 5,440,000 shares of the company’s stock traded hands, compared to its average volume of 3,250,000. The firm has a market capitalization of $628,940.00, a P/E ratio of 329.60, a P/E/G ratio of 7.60 and a beta of 1.46. Amazon.com has a 12-month low of $803.00 and a 12-month high of $1,305.76. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03.

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 Thomson Reuters’ 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 the consensus estimate of $42.26 billion. During the same period in the prior year, the company earned $0.52 EPS. The company’s revenue for the quarter was up 33.7% compared to the same quarter last year. equities research analysts expect that Amazon.com will post 4.24 earnings per share for the current year.

In other Amazon.com news, VP Shelley Reynolds sold 544 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $1,126.27, for a total transaction of $612,690.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey P. Bezos sold 391,110 shares of Amazon.com stock in a transaction on 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 completion of 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 have sold a total of 402,338 shares of company stock worth $444,391,701 over the last 90 days. 17.70% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the company. Whitnell & Co. lifted 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 worth $105,000 after acquiring an additional 93 shares during the period. Vestor Capital LLC lifted 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 worth $106,000 after acquiring an additional 10 shares during the period. Clear Investment Research LLC lifted 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 worth $107,000 after acquiring an additional 731 shares during the period. LeJeune Puetz Investment Counsel LLC acquired a new stake in Amazon.com during the 2nd quarter worth about $116,000. Finally, Mountain Capital Investment Advisors Inc acquired a new stake in Amazon.com during the 2nd quarter worth about $121,000. 59.78% of the stock is owned by hedge funds and other 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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