Amazon.com (AMZN) Stock Rating Reaffirmed by Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a report released on Monday. Jefferies Financial Group currently has a $2,300.00 price target on the e-commerce giant’s stock.

Several other research analysts have also weighed in on the stock. Wells Fargo & Co reissued a buy rating and set a $2,300.00 price objective on shares of Amazon.com in a report on Sunday, October 28th. Bank of America reissued a buy rating and set a $2,000.00 price objective (down from $2,200.00) on shares of Amazon.com in a report on Friday, October 26th. Barclays decreased their price objective on shares of Amazon.com from $2,100.00 to $1,950.00 and set an overweight rating for the company in a report on Friday, October 26th. Stifel Nicolaus reissued a buy rating and set a $2,525.00 price objective (up from $2,400.00) on shares of Amazon.com in a report on Friday, October 26th. Finally, Macquarie reissued a buy rating on shares of Amazon.com in a report on Friday, October 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and forty-seven have issued a buy rating to the company. Amazon.com currently has an average rating of Buy and an average price target of $2,091.53.

Shares of AMZN stock opened at $1,665.53 on Monday. The firm has a market cap of $748.33 billion, a price-to-earnings ratio of 366.05, a P/E/G ratio of 2.95 and a beta of 1.58. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.63. Amazon.com has a 1-year low of $1,086.87 and a 1-year high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.29 by $2.46. The company had revenue of $56.58 billion during the quarter, compared to analyst estimates of $57.05 billion. Amazon.com had a net margin of 4.03% and a return on equity of 24.35%. Equities analysts forecast that Amazon.com will post 19.19 earnings per share for the current fiscal year.

In related news, Director Judith A. Mcgrath sold 500 shares of Amazon.com stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $1,905.00, for a total value of $952,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 1,726 shares of Amazon.com stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $1,900.00, for a total transaction of $3,279,400.00. Following the completion of the sale, the chief executive officer now owns 88,801 shares in the company, valued at $168,721,900. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,272 shares of company stock worth $66,675,598. 16.30% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the stock. Marcus Capital LLC raised its position in shares of Amazon.com by 2.4% during the 2nd quarter. Marcus Capital LLC now owns 1,171 shares of the e-commerce giant’s stock worth $1,990,000 after buying an additional 27 shares in the last quarter. Winthrop Advisory Group LLC raised its position in shares of Amazon.com by 3.8% during the 2nd quarter. Winthrop Advisory Group LLC now owns 744 shares of the e-commerce giant’s stock worth $1,265,000 after buying an additional 27 shares in the last quarter. AMI Investment Management Inc. raised its position in shares of Amazon.com by 17.6% during the 2nd quarter. AMI Investment Management Inc. now owns 180 shares of the e-commerce giant’s stock worth $306,000 after buying an additional 27 shares in the last quarter. BKD Wealth Advisors LLC raised its position in shares of Amazon.com by 3.1% during the 2nd quarter. BKD Wealth Advisors LLC now owns 943 shares of the e-commerce giant’s stock worth $1,603,000 after buying an additional 28 shares in the last quarter. Finally, Beaton Management Co. Inc. raised its position in shares of Amazon.com by 2.8% during the 2nd quarter. Beaton Management Co. Inc. now owns 1,024 shares of the e-commerce giant’s stock worth $1,740,000 after buying an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 56.73% of the company’s stock.

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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