JPMorgan Chase & Co. reissued their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research note issued to investors on Monday.
Other equities analysts have also issued reports about the company. Royal Bank of Canada reissued a $1,842.92 rating on shares of Amazon.com in a research note on Wednesday, July 18th. Deutsche Bank boosted their price target on Amazon.com to $2,200.00 and gave the company a buy rating in a research note on Friday, July 20th. Morgan Stanley reissued a buy rating on shares of Amazon.com in a research note on Tuesday, July 17th. Credit Suisse Group reissued a buy rating and issued a $2,000.00 price target (up from $1,950.00) on shares of Amazon.com in a research note on Monday, July 16th. Finally, Jefferies Financial Group reissued a buy rating on shares of Amazon.com in a research note on Monday, July 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and forty-seven have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $2,091.53.
Shares of AMZN stock opened at $1,665.53 on Monday. Amazon.com has a one year low of $1,086.87 and a one year high of $2,050.50. The company has a market capitalization of $748.33 billion, a P/E ratio of 366.05, a P/E/G ratio of 2.95 and a beta of 1.58. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.63.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.29 by $2.46. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. The firm had revenue of $56.58 billion for the quarter, compared to analyst estimates of $57.05 billion. As a group, sell-side analysts anticipate that Amazon.com will post 19.19 EPS for the current fiscal year.
In related news, CEO Jeffrey A. Wilke sold 2,000 shares of the stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $2,004.25, for a total value of $4,008,500.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $20,042,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Tom A. Alberg sold 2,320 shares of the stock in a transaction on Monday, August 6th. The shares were sold at an average price of $1,827.29, for a total value of $4,239,312.80. The disclosure for this sale can be found here. Insiders sold a total of 37,272 shares of company stock valued at $66,675,598 over the last three months. 16.30% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. HC Financial Advisors Inc. bought a new position in Amazon.com in the 4th quarter valued at $315,000. St. Johns Investment Management Company LLC grew its stake in Amazon.com by 4.2% in the 1st quarter. St. Johns Investment Management Company LLC now owns 1,070 shares of the e-commerce giant’s stock valued at $1,549,000 after purchasing an additional 43 shares during the period. Zeke Capital Advisors LLC grew its stake in Amazon.com by 12.1% in the 1st quarter. Zeke Capital Advisors LLC now owns 8,607 shares of the e-commerce giant’s stock valued at $12,457,000 after purchasing an additional 926 shares during the period. Mackay Shields LLC bought a new position in Amazon.com in the 1st quarter valued at $248,912,000. Finally, Reynders McVeigh Capital Management LLC grew its stake in Amazon.com by 46.2% in the 1st quarter. Reynders McVeigh Capital Management LLC now owns 4,727 shares of the e-commerce giant’s stock valued at $327,000 after purchasing an additional 1,494 shares during the period. 56.73% of the stock is owned by institutional investors and hedge funds.
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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