Amazon.com, Inc. (NASDAQ:AMZN) Rating Reiterated by Barclays PLC

Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating restated by stock analysts at Barclays PLC in a research report issued to clients and investors on Monday, July 31st.

Other equities analysts have also issued reports about the stock. William Blair reaffirmed a “buy” rating on shares of Amazon.com in a report on Sunday, April 2nd. Credit Suisse Group reissued a “buy” rating and issued a $900.00 price target on shares of Amazon.com in a report on Monday, April 10th. Needham & Company LLC raised shares of Amazon.com from a “hold” rating to a “buy” rating and set a $1,000.00 price target for the company in a report on Monday, April 10th. Vetr raised shares of Amazon.com from a “hold” rating to a “buy” rating and set a $931.83 price target for the company in a report on Monday, April 10th. Finally, Macquarie reissued a “buy” rating and issued a $995.00 price target on shares of Amazon.com in a report on Tuesday, April 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating, forty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $1,065.61.

Shares of Amazon.com (NASDAQ:AMZN) opened at 967.99 on Monday. The stock has a 50 day moving average of $998.12 and a 200-day moving average of $926.08. Amazon.com has a 52 week low of $710.10 and a 52 week high of $1,083.31. The stock has a market capitalization of $465.00 billion, a PE ratio of 246.18 and a beta of 1.48.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the consensus estimate of $1.40 by $1.00. The firm had revenue of $37.96 billion for the quarter, compared to analysts’ expectations of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. Amazon.com’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period last year, the firm earned $1.78 earnings per share. On average, equities research analysts expect that Amazon.com will post $3.83 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This article was reported by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this article on another domain, it was copied illegally and reposted in violation of international copyright and trademark law. The correct version of this article can be accessed at https://transcriptdaily.com/2017/08/13/amazon-com-inc-nasdaqamzn-earns-buy-rating-from-barclays-plc-updated.html.

In related news, CEO Jeffrey A. Wilke sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $969.73, for a total transaction of $3,878,920.00. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $9,697,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey A. Wilke sold 710 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $987.39, for a total value of $701,046.90. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $9,873,900. The disclosure for this sale can be found here. Insiders have sold a total of 10,890 shares of company stock worth $10,800,023 over the last three months. 17.70% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Baltimore Washington Financial Advisors Inc. acquired a new stake in Amazon.com during the fourth quarter valued at about $23,951,000. Vestor Capital LLC increased its stake in Amazon.com by 10.1% in the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after buying an additional 10 shares in the last quarter. WealthTrust Arizona LLC increased its stake in Amazon.com by 2.7% in the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after buying an additional 3 shares in the last quarter. OLD Second National Bank of Aurora increased its stake in Amazon.com by 15.0% in the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock valued at $102,000 after buying an additional 15 shares in the last quarter. Finally, LeJeune Puetz Investment Counsel LLC acquired a new stake in Amazon.com during the second quarter valued at about $116,000. Institutional investors own 62.17% of the company’s stock.

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.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply