Wells Fargo & Co reissued their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research report report published on Monday morning. They currently have a $2,100.00 price objective on the e-commerce giant’s stock.
AMZN has been the subject of a number of other research reports. Wedbush set a $2,100.00 target price on Amazon.com and gave the company a buy rating in a report on Tuesday, October 23rd. UBS Group reaffirmed a buy rating on shares of Amazon.com in a report on Friday, October 26th. Macquarie reaffirmed a buy rating on shares of Amazon.com in a report on Wednesday, August 15th. Jefferies Financial Group reissued a buy rating on shares of Amazon.com in a report on Thursday, August 23rd. Finally, JMP Securities reissued a buy rating on shares of Amazon.com in a report on Tuesday, October 30th. Three investment analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $2,096.01.
AMZN stock opened at $1,699.19 on Monday. 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 stock has a market cap of $815.80 billion, a price-to-earnings ratio of 373.45, a P/E/G ratio of 3.17 and a beta of 1.70. Amazon.com has a twelve month low of $1,151.00 and a twelve month high of $2,050.50.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.29 by $2.46. The business had revenue of $56.58 billion during the quarter, compared to analyst estimates of $57.05 billion. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. Sell-side analysts expect that Amazon.com will post 19.49 EPS for the current fiscal year.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $1,981.72, for a total value of $3,963,440.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $19,817,200. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey P. Bezos sold 16,964 shares of the company’s stock in a transaction that occurred on Monday, October 29th. The stock was sold at an average price of $1,632.23, for a total value of $27,689,149.72. Following the completion of the sale, the chief executive officer now directly owns 78,884,539 shares of the company’s stock, valued at approximately $128,757,711,091.97. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,842 shares of company stock valued at $42,513,241. 16.30% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Guidant Wealth Advisors raised its holdings in shares of Amazon.com by 657.4% during the second quarter. Guidant Wealth Advisors now owns 409 shares of the e-commerce giant’s stock valued at $100,000 after acquiring an additional 355 shares in the last quarter. Spirit of America Management Corp NY bought a new position in shares of Amazon.com during the third quarter valued at approximately $110,000. Point72 Asia Hong Kong Ltd bought a new position in shares of Amazon.com during the first quarter valued at approximately $145,000. Taylor Hoffman Wealth Management raised its holdings in shares of Amazon.com by 192.3% during the third quarter. Taylor Hoffman Wealth Management now owns 76 shares of the e-commerce giant’s stock valued at $152,000 after acquiring an additional 50 shares in the last quarter. Finally, Braun Bostich & Associates Inc. bought a new position in shares of Amazon.com during the first quarter valued at approximately $174,000. 55.64% of the stock is owned by institutional investors and hedge funds.
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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