Amazon.com (NASDAQ:AMZN) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Friday.
A number of other research firms also recently issued reports on AMZN. DA Davidson boosted their price target on Amazon.com from $2,200.00 to $2,450.00 and gave the company a “buy” rating in a research report on Wednesday, September 5th. Wells Fargo & Co reissued a “buy” rating and set a $2,110.00 price target on shares of Amazon.com in a research report on Tuesday, September 4th. Robert W. Baird reissued a “buy” rating on shares of Amazon.com in a research report on Monday, September 3rd. Jefferies Financial Group reissued a “buy” rating on shares of Amazon.com in a research report on Thursday, August 30th. Finally, ValuEngine raised Amazon.com from a “hold” rating to a “buy” rating in a research report on Thursday, September 13th. Three analysts have rated the stock with a hold rating and fifty have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $2,005.64.
AMZN stock opened at $2,012.98 on Friday. Amazon.com has a 12-month low of $950.10 and a 12-month 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. The stock has a market cap of $963.07 billion, a price-to-earnings ratio of 442.41, a PEG ratio of 4.12 and a beta of 1.60.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.49 by $2.58. Amazon.com had a return on equity of 18.47% and a net margin of 3.02%. The firm had revenue of $52.89 billion during the quarter, compared to the consensus estimate of $53.37 billion. During the same quarter in the previous year, the business earned $0.40 earnings per share. The firm’s quarterly revenue was up 39.3% compared to the same quarter last year. research analysts anticipate that Amazon.com will post 17.77 earnings per share for the current year.
In related news, Director Thomas O. Ryder sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $1,783.81, for a total value of $8,919,050.00. Following the transaction, the director now owns 10,752 shares in the company, valued at $19,179,525.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $19,817,200. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,308 shares of company stock worth $47,905,498. Insiders own 16.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in AMZN. Vista Equity Partners Management LLC raised its position in shares of Amazon.com by 44.3% during the 1st quarter. Vista Equity Partners Management LLC now owns 12,827 shares of the e-commerce giant’s stock worth $18,565,000 after purchasing an additional 3,936 shares during the period. Berkshire Capital Holdings Inc. acquired a new stake in shares of Amazon.com during the 1st quarter worth approximately $17,715,000. InterOcean Capital LLC acquired a new stake in shares of Amazon.com during the 1st quarter worth approximately $476,000. Howard Capital Management Inc. raised its position in shares of Amazon.com by 182.5% during the 1st quarter. Howard Capital Management Inc. now owns 613 shares of the e-commerce giant’s stock worth $879,000 after purchasing an additional 396 shares during the period. Finally, Suntrust Banks Inc. raised its position in shares of Amazon.com by 14.9% during the 4th quarter. Suntrust Banks Inc. now owns 67,992 shares of the e-commerce giant’s stock worth $79,513,000 after purchasing an additional 8,806 shares during the period. 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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