Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating reiterated by Stifel Nicolaus in a research note issued to investors on Monday.
The analysts wrote, “We expect continued topline momentum following a strong holiday season stemming from a healthy macro backdrop, record consumer sentiment levels, and the company’s expanding Prime membership base, which recently surpassed 100mm customers. Our 1Q:18/FY 2018 operating margin estimates of 1.8%/2.1% are below the Street’s forecasts of 2.0%/2.6% as the company continues to invest in logistics and emerging businesses/geographies such as devices, video content, grocery and India. Amazon is a leader in two large and rapidly growing markets, eCommerce and cloud services and remains well positioned for long term continued market share gains. We continue to support where Amazon’s investments are focused and would remain buyers on any weakness stemming from peripheral issues.””
AMZN has been the subject of several other research reports. Vetr downgraded Amazon.com from a “hold” rating to a “sell” rating and set a $1,346.44 price objective for the company. in a research report on Monday, January 29th. BidaskClub downgraded Amazon.com from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 30th. Goldman Sachs reiterated a “conviction-buy” rating on shares of Amazon.com in a research report on Friday, February 2nd. UBS lifted their price objective on Amazon.com to $1,760.00 and gave the company a “buy” rating in a research report on Friday, March 9th. They noted that the move was a valuation call. Finally, Citigroup reiterated 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. Three equities research analysts have rated the stock with a hold rating, fifty have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $1,507.08.
Shares of AMZN opened at $1,460.09 on Monday. The company has a quick ratio of 0.76, a current ratio of 1.04 and a debt-to-equity ratio of 0.89. Amazon.com has a 52-week low of $903.00 and a 52-week high of $1,617.54. The firm has a market capitalization of $739,468.94, a price-to-earnings ratio of 320.90, a price-to-earnings-growth ratio of 6.59 and a beta of 1.59.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $0.31. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. The firm had revenue of $60.45 billion during the quarter, compared to the consensus estimate of $59.85 billion. During the same quarter in the previous year, the company posted $1.54 EPS. The business’s revenue for the quarter was up 38.2% compared to the same quarter last year. equities research analysts forecast that Amazon.com will post 8.64 earnings per share for the current year.
In other news, CEO Jeffrey A. Wilke sold 500 shares of the business’s stock in a transaction dated Wednesday, March 21st. The stock was sold at an average price of $1,577.85, for a total value of $788,925.00. Following the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at $15,778,500. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,454.37, for a total value of $2,908,740.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,214 shares of company stock worth $9,251,120. Corporate insiders own 17.00% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Day & Ennis LLC raised its holdings in Amazon.com by 21.3% during the second quarter. Day & Ennis LLC now owns 279 shares of the e-commerce giant’s stock worth $270,000 after acquiring an additional 49 shares in the last quarter. Beach Investment Management LLC. raised its holdings in Amazon.com by 996.3% during the second quarter. Beach Investment Management LLC. now owns 22,035 shares of the e-commerce giant’s stock worth $21,330,000 after acquiring an additional 20,025 shares in the last quarter. Marvin & Palmer Associates Inc. raised its holdings in Amazon.com by 20.5% during the second quarter. Marvin & Palmer Associates Inc. now owns 5,894 shares of the e-commerce giant’s stock worth $5,705,000 after acquiring an additional 1,003 shares in the last quarter. Shoker Investment Counsel Inc. raised its holdings in Amazon.com by 15.9% during the second quarter. Shoker Investment Counsel Inc. now owns 285 shares of the e-commerce giant’s stock worth $275,000 after acquiring an additional 39 shares in the last quarter. Finally, WealthTrust Fairport LLC raised its holdings in Amazon.com by 8.1% during the second quarter. WealthTrust Fairport LLC now owns 6,442 shares of the e-commerce giant’s stock worth $6,236,000 after acquiring an additional 480 shares in the last quarter. Institutional investors own 60.24% of the company’s stock.
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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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