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.
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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.
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