Credit Suisse Group reissued their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research report released on Tuesday, January 9th.
A number of other equities research analysts have also weighed in on the stock. Robert W. Baird reiterated a buy rating and set a $1,310.00 target price on shares of Amazon.com in a research note on Monday, January 8th. Vetr lowered shares of Amazon.com from a buy rating to a hold rating and set a $1,277.08 target price for the company. in a research note on Monday, January 8th. Citigroup reiterated a buy rating and set a $1,400.00 target price (up from $1,250.00) on shares of Amazon.com in a research note on Friday, January 5th. JMP Securities reiterated an outperform rating and set a $1,350.00 target price (up from $1,240.00) on shares of Amazon.com in a research note on Tuesday, December 19th. Finally, JPMorgan Chase & Co. reiterated an overweight rating and set a $1,375.00 target price (up from $1,220.00) on shares of Amazon.com in a research note on Monday, December 18th. Six investment analysts have rated the stock with a hold rating, forty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $1,404.86.
Shares of Amazon.com (NASDAQ:AMZN) opened at $1,429.95 on Tuesday. 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 has a 12-month low of $803.00 and a 12-month high of $1,498.00. The company has a market capitalization of $689,050.00, a P/E ratio of 231.76, a PEG ratio of 8.02 and a beta of 1.63.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.31. Amazon.com had a return on equity of 9.68% and a net margin of 1.71%. The firm had revenue of $60.45 billion for the quarter, compared to analysts’ expectations of $59.85 billion. During the same period in the previous year, the firm posted $1.54 EPS. The business’s revenue for the quarter was up 38.2% compared to the same quarter last year. research analysts predict that Amazon.com will post 8.31 earnings per share for the current year.
In other Amazon.com news, VP Shelley Reynolds sold 544 shares of the stock in a transaction dated Wednesday, November 15th. The shares were 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tom A. Alberg sold 1,860 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $20,475,832. The disclosure for this sale can be found here. Insiders have sold a total of 11,228 shares of company stock valued at $12,790,082 in the last three months. Insiders own 17.70% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in AMZN. Goelzer Investment Management Inc. lifted its holdings in shares of Amazon.com by 48.7% in the 2nd quarter. Goelzer Investment Management Inc. now owns 397 shares of the e-commerce giant’s stock valued at $384,000 after acquiring an additional 130 shares during the last quarter. Lakeview Capital Partners LLC raised its position in Amazon.com by 19.6% in the 2nd quarter. Lakeview Capital Partners LLC now owns 1,074 shares of the e-commerce giant’s stock worth $1,040,000 after purchasing an additional 176 shares during the period. Perpetual Ltd purchased a new stake in Amazon.com in the 2nd quarter worth about $25,356,000. R. G. Niederhoffer Capital Management Inc. purchased a new stake in Amazon.com in the 2nd quarter worth about $871,000. Finally, IBM Retirement Fund raised its position in Amazon.com by 76.6% in the 2nd quarter. IBM Retirement Fund now owns 9,728 shares of the e-commerce giant’s stock worth $10,523,000 after purchasing an additional 4,218 shares during the period. 59.80% of the stock is owned by institutional investors and hedge funds.
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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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