Amazon.com (AMZN) Given Buy Rating at JPMorgan Chase & Co.

Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating reaffirmed by investment analysts at JPMorgan Chase & Co. in a research report issued on Wednesday, January 10th. They presently have a $1,385.00 price objective on the e-commerce giant’s stock, up from their previous price objective of $1,375.00. JPMorgan Chase & Co.’s target price points to a potential upside of 0.13% from the stock’s previous close.

Several other brokerages have also issued reports on AMZN. Credit Suisse Group restated a “buy” rating on shares of Amazon.com in a report on Tuesday, January 9th. BidaskClub raised Amazon.com from a “hold” rating to a “buy” rating in a research report on Tuesday, January 9th. Robert W. Baird reissued a “buy” rating and set a $1,310.00 price objective on shares of Amazon.com in a research report on Monday, January 8th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $1,400.00 price target (up from $1,200.00) on shares of Amazon.com in a report on Tuesday, January 9th. Finally, Vetr downgraded Amazon.com from a “buy” rating to a “hold” rating and set a $1,277.08 price target for the company. in a report on Monday, January 8th. Six equities research analysts have rated the stock with a hold rating, forty-seven have issued a buy rating and two have given a strong buy rating to the company. Amazon.com has a consensus rating of “Buy” and an average target price of $1,436.23.

Amazon.com (AMZN) traded down $6.77 during midday trading on Wednesday, hitting $1,383.23. The stock had a trading volume of 2,840,000 shares, compared to its average volume of 4,670,000. Amazon.com has a fifty-two week low of $803.00 and a fifty-two week high of $1,498.00. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.76 and a current ratio of 1.04. The stock has a market cap of $666,540.00, a price-to-earnings ratio of 224.19, a PEG ratio of 8.23 and a beta of 1.63.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 EPS for the quarter, topping the consensus estimate of $1.85 by $0.31. The business had revenue of $60.45 billion for the quarter, compared to analyst estimates of $59.85 billion. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. The company’s quarterly revenue was up 38.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.54 EPS. equities research analysts expect that Amazon.com will post 8.33 earnings per share for the current fiscal year.

In other news, VP Shelley Reynolds sold 544 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $1,126.27, for a total value of $612,690.88. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Andrew R. Jassy sold 1,985 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $1,125.38, for a total value of $2,233,879.30. The disclosure for this sale can be found here. Insiders have sold a total of 9,368 shares of company stock worth $10,726,970 in the last ninety days. 17.00% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Whitnell & Co. lifted its position in shares of Amazon.com by 581.3% in the third quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock worth $105,000 after buying an additional 93 shares during the last quarter. Vestor Capital LLC grew its stake in shares of Amazon.com by 10.1% in the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after purchasing an additional 10 shares during the period. Clear Investment Research LLC grew its stake in shares of Amazon.com by 73,100.0% in the 2nd quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock valued at $107,000 after purchasing an additional 731 shares during the period. LeJeune Puetz Investment Counsel LLC bought a new stake in shares of Amazon.com in the 2nd quarter valued at approximately $116,000. Finally, Portfolio Solutions LLC bought a new stake in Amazon.com during the 4th quarter worth approximately $119,000. Institutional investors and hedge funds own 59.49% of the company’s stock.

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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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