Stifel Nicolaus reissued their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a report released on Friday. Stifel Nicolaus currently has a $2,525.00 target price on the e-commerce giant’s stock.
“We are adding and removing Alibaba. We are making this change given near-term optimism for Amazon and an increasingly uncertain China macro environment.”,” Stifel Nicolaus’ analyst commented.
Other analysts also recently issued reports about the stock. Royal Bank of Canada restated a $1,842.92 rating on shares of Amazon.com in a research report on Wednesday, July 18th. DA Davidson restated a buy rating and set a $2,100.00 price target on shares of Amazon.com in a research report on Thursday, June 14th. Loop Capital boosted their price target on shares of Amazon.com from $1,800.00 to $1,900.00 and gave the stock a buy rating in a research report on Wednesday, June 27th. BidaskClub downgraded shares of Amazon.com from a strong-buy rating to a buy rating in a research report on Tuesday, June 26th. Finally, Macquarie restated a buy rating on shares of Amazon.com in a research report on Friday, June 22nd. Four analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $2,005.64.
Shares of AMZN stock traded up $69.25 during midday trading on Friday, reaching $1,788.61. 9,384,185 shares of the company were exchanged, compared to its average volume of 5,128,370. Amazon.com has a 12 month low of $962.50 and a 12 month high of $2,050.50. The company has a market capitalization of $976.95 billion, a price-to-earnings ratio of 393.10, a price-to-earnings-growth ratio of 4.17 and a beta of 1.58. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.70.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $2.58. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. The company had revenue of $52.89 billion for the quarter, compared to the consensus estimate of $53.37 billion. During the same period in the previous year, the firm earned $0.40 EPS. Amazon.com’s revenue was up 39.3% on a year-over-year basis. On average, equities research analysts predict that Amazon.com will post 17.78 earnings per share for the current year.
In related news, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $2,004.25, for a total transaction of $4,008,500.00. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $20,042,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Judith A. Mcgrath sold 500 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $1,905.00, for a total transaction of $952,500.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,308 shares of company stock worth $47,905,498. 16.30% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in AMZN. Vista Equity Partners Management LLC lifted its stake in Amazon.com by 44.3% in the first quarter. Vista Equity Partners Management LLC now owns 12,827 shares of the e-commerce giant’s stock valued at $18,565,000 after acquiring an additional 3,936 shares during the last quarter. Berkshire Capital Holdings Inc. acquired a new stake in Amazon.com in the first quarter valued at approximately $17,715,000. Steward Partners Investment Advisory LLC lifted its stake in Amazon.com by 5.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 25,537 shares of the e-commerce giant’s stock valued at $43,408,000 after acquiring an additional 1,342 shares during the last quarter. Howard Capital Management Inc. lifted its stake in shares of Amazon.com by 182.5% in the first quarter. Howard Capital Management Inc. now owns 613 shares of the e-commerce giant’s stock worth $879,000 after buying an additional 396 shares during the last quarter. Finally, InterOcean Capital LLC acquired a new stake in shares of Amazon.com in the first quarter worth $476,000. 57.36% of the stock is currently owned by hedge funds and other institutional investors.
Amazon.com Company Profile
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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