BidaskClub Lowers Amazon.com (AMZN) to Sell

BidaskClub cut shares of Amazon.com (NASDAQ:AMZN) from a hold rating to a sell rating in a report issued on Wednesday morning.

Other research analysts have also issued research reports about the company. Nomura restated a buy rating on shares of Amazon.com in a research report on Friday, July 27th. Canaccord Genuity raised their price objective on Amazon.com from $2,000.00 to $2,100.00 and gave the company a buy rating in a research report on Friday, July 27th. Morgan Stanley restated a buy rating on shares of Amazon.com in a research report on Wednesday, July 11th. Macquarie restated a buy rating on shares of Amazon.com in a research report on Friday, July 27th. Finally, Barclays restated a buy rating and set a $1,870.00 price objective on shares of Amazon.com in a research report on Friday, July 27th. One equities research 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’s stock. Amazon.com presently has an average rating of Buy and an average target price of $2,091.53.

NASDAQ:AMZN opened at $1,665.53 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.63. The stock has a market cap of $814.39 billion, a price-to-earnings ratio of 102.49, a price-to-earnings-growth ratio of 3.21 and a beta of 1.70. Amazon.com has a 52 week low of $1,088.52 and a 52 week high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 EPS for the quarter, beating the Zacks’ consensus estimate of $3.29 by $2.46. The business had revenue of $56.58 billion for the quarter, compared to analysts’ expectations of $57.05 billion. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. As a group, analysts predict that Amazon.com will post 19.24 earnings per share for the current fiscal year.

In related news, 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 value of $952,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tom A. Alberg sold 2,320 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $1,827.29, for a total transaction of $4,239,312.80. The disclosure for this sale can be found here. Insiders have sold 37,272 shares of company stock valued at $66,675,598 in the last ninety days. Insiders own 16.30% of the company’s stock.

Large investors have recently modified their holdings of the stock. BlackRock Inc. grew its holdings in Amazon.com by 0.7% in the second quarter. BlackRock Inc. now owns 25,402,494 shares of the e-commerce giant’s stock worth $43,179,159,000 after purchasing an additional 167,739 shares during the last quarter. FMR LLC grew its holdings in Amazon.com by 0.7% in the second quarter. FMR LLC now owns 17,245,226 shares of the e-commerce giant’s stock worth $29,313,435,000 after purchasing an additional 121,401 shares during the last quarter. Summit Trail Advisors LLC grew its holdings in Amazon.com by 180,406.1% in the first quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock worth $9,848,000 after purchasing an additional 9,842,959 shares during the last quarter. Northern Trust Corp grew its holdings in Amazon.com by 1.1% in the second quarter. Northern Trust Corp now owns 4,676,441 shares of the e-commerce giant’s stock worth $7,949,013,000 after purchasing an additional 50,552 shares during the last quarter. Finally, Morgan Stanley grew its holdings in Amazon.com by 1.8% in the second quarter. Morgan Stanley now owns 4,637,654 shares of the e-commerce giant’s stock worth $7,883,083,000 after purchasing an additional 81,024 shares during the last quarter. 56.73% 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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Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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