Barclays PLC reiterated their overweight rating on shares of Amazon.com, Inc. (NASDAQ:AMZN) in a research note released on Monday, June 26th. They currently have a $1,120.00 price target on the e-commerce giant’s stock.
Other analysts also recently issued reports about the company. UBS AG downgraded Amazon.com from an outperform rating to a market perform rating in a research note on Tuesday, April 25th. KeyCorp reaffirmed a hold rating on shares of Amazon.com in a report on Thursday, June 22nd. Robert W. Baird reaffirmed an outperform rating and issued a $850.00 target price on shares of Amazon.com in a report on Thursday, April 6th. Stifel Nicolaus reaffirmed a buy rating and issued a $1,025.00 target price on shares of Amazon.com in a report on Monday, April 24th. Finally, Argus reduced their price objective on Amazon.com from $1,050.00 to $935.00 and set a buy rating for the company in a report on Monday, May 1st. Five investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $1,022.31.
Shares of Amazon.com (NASDAQ:AMZN) opened at 1010.04 on Monday. The company has a market capitalization of $482.77 billion, a PE ratio of 190.21 and a beta of 1.48. The company’s 50 day moving average is $983.46 and its 200-day moving average is $880.70. Amazon.com has a 52 week low of $710.10 and a 52 week high of $1,017.00.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $1.48 EPS for the quarter, topping the consensus estimate of $1.03 by $0.45. The firm had revenue of $35.71 billion during the quarter, compared to the consensus estimate of $35.31 billion. Amazon.com had a return on equity of 13.72% and a net margin of 1.81%. The company’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.07 earnings per share. On average, analysts expect that Amazon.com will post $6.69 EPS for the current fiscal year.
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In other Amazon.com news, insider David Zapolsky sold 505 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $946.59, for a total transaction of $478,027.95. Following the sale, the insider now directly owns 2,018 shares of the company’s stock, valued at approximately $1,910,218.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $1,011.06, for a total transaction of $2,022,120.00. Following the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at $10,110,600. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,014,090 shares of company stock worth $954,546,394. 17.70% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. State Street Corp raised its position in Amazon.com by 1.1% in the first quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock valued at $14,667,392,000 after buying an additional 186,756 shares during the last quarter. Norges Bank acquired a new position in Amazon.com during the fourth quarter valued at approximately $2,736,365,000. Loomis Sayles & Co. L P raised its position in Amazon.com by 4.2% in the fourth quarter. Loomis Sayles & Co. L P now owns 2,155,878 shares of the e-commerce giant’s stock valued at $1,616,628,000 after buying an additional 86,357 shares during the last quarter. Fisher Asset Management LLC raised its position in Amazon.com by 1.1% in the first quarter. Fisher Asset Management LLC now owns 2,024,756 shares of the e-commerce giant’s stock valued at $1,795,028,000 after buying an additional 22,032 shares during the last quarter. Finally, American Century Companies Inc. raised its position in Amazon.com by 0.5% in the first quarter. American Century Companies Inc. now owns 1,647,564 shares of the e-commerce giant’s stock valued at $1,460,631,000 after buying an additional 8,704 shares during the last quarter. 62.49% of the stock is currently owned by institutional investors and hedge funds.
Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
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