Morgan Stanley reiterated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a report released on Monday, February 5th.
Other research analysts have also recently issued reports about the company. Loop Capital lifted their price target on Amazon.com to $1,600.00 in a research report on Friday, February 2nd. TheStreet upgraded Amazon.com from a c+ rating to a b- rating in a research report on Tuesday, November 7th. Deutsche Bank restated a buy rating and issued a $1,192.00 price objective on shares of Amazon.com in a research report on Tuesday, October 24th. Stifel Nicolaus restated a buy rating and issued a $1,100.00 price objective on shares of Amazon.com in a research report on Tuesday, October 24th. Finally, Vetr cut Amazon.com from a strong-buy rating to a buy rating and set a $1,079.96 price objective for the company. in a research report on Monday, October 23rd. Six equities research analysts have rated the stock with a hold rating, forty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $1,437.43.
Shares of Amazon.com (NASDAQ AMZN) traded up $28.28 during midday trading on Monday, reaching $1,414.51. The company’s stock had a trading volume of 5,916,100 shares, compared to its average volume of 5,892,564. Amazon.com has a fifty-two week low of $832.82 and a fifty-two week high of $1,498.00. The firm has a market capitalization of $686,440.00, a P/E ratio of 232.68, a PEG ratio of 6.10 and a beta of 1.63. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.76 and a current ratio of 1.04.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.31. The company had revenue of $60.45 billion during the quarter, compared to analysts’ expectations of $59.85 billion. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. Amazon.com’s quarterly revenue was up 38.2% on a year-over-year basis. During the same period last year, the business earned $1.54 earnings per share. analysts expect that Amazon.com will post 8.49 EPS for the current year.
In other Amazon.com news, Director Tom A. Alberg sold 835 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $1,202.74, for a total value of $1,004,287.90. Following the transaction, the director now directly owns 17,114 shares of the company’s stock, valued at $20,583,692.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tom A. Alberg sold 870 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $1,150.00, for a total value of $1,000,500.00. Following the completion of the transaction, the director now directly owns 17,949 shares in the company, valued at $20,641,350. The disclosure for this sale can be found here. Insiders sold 4,505 shares of company stock worth $5,253,740 in the last quarter. 17.00% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the business. Goelzer Investment Management Inc. increased its position in shares of Amazon.com by 48.7% during the second quarter. Goelzer Investment Management Inc. now owns 397 shares of the e-commerce giant’s stock worth $384,000 after acquiring an additional 130 shares during the last quarter. Lakeview Capital Partners LLC increased its position in shares of Amazon.com by 19.6% during the second quarter. Lakeview Capital Partners LLC now owns 1,074 shares of the e-commerce giant’s stock worth $1,040,000 after acquiring an additional 176 shares during the last quarter. CI Investments Inc. increased its position in shares of Amazon.com by 0.7% during the third quarter. CI Investments Inc. now owns 56,995 shares of the e-commerce giant’s stock worth $54,792,000 after acquiring an additional 400 shares during the last quarter. Perpetual Ltd purchased a new stake in shares of Amazon.com during the second quarter worth about $25,356,000. Finally, R. G. Niederhoffer Capital Management Inc. purchased a new stake in shares of Amazon.com during the second quarter worth about $871,000. 59.06% of the stock is currently 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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