Amazon.com (AMZN) Stock Rating Reaffirmed by Nomura

Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating reaffirmed by equities researchers at Nomura in a report released on Tuesday.

A number of other equities research analysts also recently weighed in on the stock. Oppenheimer reissued a “buy” rating and set a $2,020.00 price target (down from $2,130.00) on shares of Amazon.com in a research note on Monday, October 29th. Credit Suisse Group upped their target price on shares of Amazon.com from $2,100.00 to $2,400.00 and gave the company an “outperform” rating in a research note on Monday, October 22nd. Wells Fargo & Co reaffirmed a “buy” rating and issued a $2,300.00 target price on shares of Amazon.com in a research note on Monday, October 1st. SunTrust Banks upped their target price on shares of Amazon.com to $2,250.00 and gave the company a “buy” rating in a research note on Friday, October 26th. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of Amazon.com in a research note on Tuesday, October 23rd. Three research analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company. Amazon.com currently has an average rating of “Buy” and an average target price of $2,096.01.

AMZN opened at $1,668.40 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.63. The company has a market cap of $815.80 billion, a P/E ratio of 366.68, a price-to-earnings-growth ratio of 3.17 and a beta of 1.70. Amazon.com has a fifty-two week low of $1,124.74 and a fifty-two 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 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.29 by $2.46. The business had revenue of $56.58 billion during the quarter, compared to the consensus estimate of $57.05 billion. Amazon.com had a net margin of 4.03% and a return on equity of 24.35%. On average, equities research analysts anticipate that Amazon.com will post 19.49 earnings per share for the current fiscal year.

In other news, Director Daniel P. Huttenlocher sold 181 shares of the stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $1,579.89, for a total transaction of $285,960.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew R. Jassy sold 1,726 shares of the stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $1,566.69, for a total transaction of $2,704,106.94. The disclosure for this sale can be found here. Insiders have sold 25,842 shares of company stock valued at $42,513,241 in the last three months. 16.30% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in AMZN. Summit Trail Advisors LLC boosted its holdings in Amazon.com by 180,406.1% during 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. Bank of New York Mellon Corp boosted its holdings in Amazon.com by 700,301.9% during the third quarter. Bank of New York Mellon Corp now owns 3,999,295 shares of the e-commerce giant’s stock worth $8,010,587,000 after purchasing an additional 3,998,724 shares during the last quarter. Cornerstone Wealth Management LLC boosted its holdings in Amazon.com by 198,956.6% during the second quarter. Cornerstone Wealth Management LLC now owns 3,340,169 shares of the e-commerce giant’s stock worth $1,949,000 after purchasing an additional 3,338,491 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Amazon.com by 1.8% during the third quarter. Vanguard Group Inc. now owns 29,599,653 shares of the e-commerce giant’s stock worth $59,288,105,000 after purchasing an additional 516,913 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in Amazon.com by 799.2% during the second quarter. Sei Investments Co. now owns 282,661 shares of the e-commerce giant’s stock worth $480,471,000 after purchasing an additional 251,227 shares during the last quarter. Institutional investors and hedge funds own 55.64% of the company’s stock.

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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