Other analysts also recently issued reports about the company. Nomura restated a buy rating on shares of Amazon.com in a research report on Friday, July 27th. Canaccord Genuity raised their price target on Amazon.com from $2,000.00 to $2,100.00 and gave the stock a buy rating in a research report on Friday, July 27th. Zacks Investment Research downgraded Amazon.com from a buy rating to a hold rating in a research report on Wednesday. Macquarie restated a buy rating and issued a $2,200.00 price target on shares of Amazon.com in a research report on Wednesday. Finally, Barclays restated a buy rating and issued a $1,870.00 price target on shares of Amazon.com in a research report on Friday, July 27th. Four investment analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $2,005.64.
AMZN traded up $34.62 during trading on Wednesday, reaching $2,009.47. The company had a trading volume of 108,042 shares, compared to its average volume of 4,986,556. The company has a market cap of $963.07 billion, a PE ratio of 438.51, a P/E/G ratio of 4.12 and a beta of 1.60. Amazon.com has a 52 week low of $943.30 and a 52 week high of $2,050.50. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 0.70.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $2.58. The company had revenue of $52.89 billion during the quarter, compared to the consensus estimate of $53.37 billion. Amazon.com had a return on equity of 18.47% and a net margin of 3.02%. Amazon.com’s revenue was up 39.3% on a year-over-year basis. During the same period last year, the company earned $0.40 earnings per share. research analysts anticipate that Amazon.com will post 17.77 earnings per share for the current fiscal year.
In related news, Director Judith A. Mcgrath sold 500 shares of Amazon.com stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $1,905.00, for a total value of $952,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas O. Ryder sold 5,000 shares of Amazon.com stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $1,783.81, for a total value of $8,919,050.00. Following the completion of the sale, the director now owns 10,752 shares of the company’s stock, valued at $19,179,525.12. The disclosure for this sale can be found here. Insiders sold 25,308 shares of company stock valued at $47,905,498 over the last 90 days. 16.30% of the stock is currently owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Old Port Advisors purchased a new position in Amazon.com in the second quarter valued at about $923,000. Summit X LLC grew its stake in Amazon.com by 18.4% in the second quarter. Summit X LLC now owns 309 shares of the e-commerce giant’s stock valued at $523,000 after purchasing an additional 48 shares during the last quarter. Rehmann Capital Advisory Group grew its stake in Amazon.com by 4.1% in the second quarter. Rehmann Capital Advisory Group now owns 2,397 shares of the e-commerce giant’s stock valued at $4,074,000 after purchasing an additional 94 shares during the last quarter. Royal London Asset Management Ltd. purchased a new position in Amazon.com in the second quarter valued at about $409,413,000. Finally, Northern Trust Corp grew its stake in Amazon.com by 1.1% in the second quarter. Northern Trust Corp now owns 4,676,441 shares of the e-commerce giant’s stock valued at $7,949,013,000 after purchasing an additional 50,552 shares during the last quarter. Hedge funds and other institutional investors own 57.32% of the company’s stock.
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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