Piper Jaffray Companies reiterated their overweight rating on shares of Amazon.com (NASDAQ:AMZN) in a research note released on Friday morning, MarketBeat reports.
A number of other research analysts have also commented on AMZN. DA Davidson upped their price objective on shares of Amazon.com from $2,200.00 to $2,450.00 and gave the company a buy rating in a research report on Wednesday, September 5th. Wells Fargo & Co reaffirmed a buy rating and set a $2,300.00 price objective on shares of Amazon.com in a research report on Monday, October 1st. BidaskClub raised shares of Amazon.com from a hold rating to a buy rating in a research report on Friday, September 28th. Robert W. Baird reaffirmed a buy rating on shares of Amazon.com in a research report on Monday, September 3rd. Finally, Macquarie reaffirmed a buy rating and set a $2,200.00 price objective on shares of Amazon.com in a research report on Tuesday, October 2nd. Four analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $2,008.73.
AMZN stock traded down $6.69 during mid-day trading on Friday, reaching $1,764.03. 5,851,190 shares of the stock traded hands, compared to its average volume of 6,326,956. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 0.78. Amazon.com has a 52 week low of $962.50 and a 52 week high of $2,050.50. The stock has a market capitalization of $863.65 billion, a price-to-earnings ratio of 387.70, a price-to-earnings-growth ratio of 3.69 and a beta of 1.58.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $53.37 billion. During the same period in the prior year, the company earned $0.40 earnings per share. The business’s quarterly revenue was up 39.3% compared to the same quarter last year. Equities analysts expect that Amazon.com will post 17.79 EPS for the current fiscal year.
In other news, Director Thomas O. Ryder sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $1,783.81, for a total transaction of $8,919,050.00. Following the completion of the sale, the director now owns 10,752 shares of the company’s stock, valued at $19,179,525.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Judith A. Mcgrath sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The stock was 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. In the last ninety days, insiders have sold 25,308 shares of company stock valued at $47,905,498. Company insiders own 16.30% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Spirit of America Management Corp NY bought a new position in Amazon.com in the third quarter valued at approximately $110,000. Lee Financial Co boosted its stake in Amazon.com by 154.3% in the first quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock valued at $129,000 after acquiring an additional 54 shares during the last quarter. Lucia Wealth Services LLC boosted its stake in Amazon.com by 50.0% in the second quarter. Lucia Wealth Services LLC now owns 90 shares of the e-commerce giant’s stock valued at $153,000 after acquiring an additional 30 shares during the last quarter. Point72 Asia Hong Kong Ltd bought a new position in Amazon.com in the first quarter valued at approximately $145,000. Finally, Capital Investment Services of America Inc. bought a new position in Amazon.com in the third quarter valued at approximately $200,000. 57.31% of the stock is owned by 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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