Royal Bank of Canada Reiterates “Buy” Rating for Amazon.com (AMZN)

Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating reaffirmed by stock analysts at Royal Bank of Canada in a note issued to investors on Thursday. They presently have a $2,100.00 price objective on the e-commerce giant’s stock. Royal Bank of Canada’s price target indicates a potential upside of 14.65% from the stock’s current price.

A number of other research analysts have also issued reports on AMZN. Stifel Nicolaus reiterated a “buy” rating on shares of Amazon.com in a research note on Thursday, June 21st. JMP Securities reiterated a “buy” rating on shares of Amazon.com in a research note on Thursday, June 21st. Macquarie reiterated a “buy” rating on shares of Amazon.com in a research note on Friday, June 22nd. BidaskClub lowered shares of Amazon.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 26th. Finally, Zacks Investment Research lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Wednesday, June 27th. Three equities research analysts have rated the stock with a hold rating and fifty have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $2,008.73.

NASDAQ:AMZN opened at $1,831.73 on Thursday. Amazon.com has a 1 year low of $962.50 and a 1 year high of $2,050.50. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $976.95 billion, a P/E ratio of 402.58, a PEG ratio of 4.17 and a beta of 1.58.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, beating 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 business had revenue of $52.89 billion for the quarter, compared to analyst estimates of $53.37 billion. During the same period last year, the business posted $0.40 EPS. Amazon.com’s revenue was up 39.3% compared to the same quarter last year. Research analysts forecast that Amazon.com will post 17.78 EPS for the current year.

In other news, CEO Jeffrey A. Wilke sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $1,981.72, for a total transaction of $3,963,440.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $19,817,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Zapolsky sold 1,927 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $1,899.96, for a total transaction of $3,661,222.92. Following the transaction, the senior vice president now directly owns 3,161 shares of the company’s stock, valued at $6,005,773.56. The disclosure for this sale can be found here. Insiders have sold a total of 25,308 shares of company stock valued at $47,905,498 over the last ninety days. 16.30% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in Amazon.com by 0.7% during the 2nd quarter. BlackRock Inc. now owns 25,402,494 shares of the e-commerce giant’s stock valued at $43,179,159,000 after purchasing an additional 167,739 shares during the last quarter. FMR LLC lifted its holdings in Amazon.com by 0.7% during the 2nd quarter. FMR LLC now owns 17,245,226 shares of the e-commerce giant’s stock valued at $29,313,435,000 after purchasing an additional 121,401 shares during the last quarter. Summit Trail Advisors LLC lifted its holdings in Amazon.com by 180,406.1% during the 1st quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock valued at $9,848,000 after purchasing an additional 9,842,959 shares during the last quarter. Northern Trust Corp lifted its holdings in Amazon.com by 1.1% during the 2nd quarter. Northern Trust Corp now owns 4,676,441 shares of the e-commerce giant’s stock valued at $7,949,013,000 after purchasing an additional 50,552 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in Amazon.com by 1.8% during the 2nd quarter. Morgan Stanley now owns 4,637,654 shares of the e-commerce giant’s stock valued at $7,883,083,000 after purchasing an additional 81,024 shares during the last quarter. 57.36% of the stock is owned by institutional investors.

About Amazon.com

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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Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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