BidaskClub Lowers Amazon.com (AMZN) to Sell

BidaskClub downgraded shares of Amazon.com (NASDAQ:AMZN) from a hold rating to a sell rating in a research note issued to investors on Saturday.

Other equities analysts also recently issued research reports about the company. Jefferies Financial Group restated a buy rating and set a $2,260.00 target price (down previously from $2,350.00) on shares of Amazon.com in a research report on Tuesday, October 23rd. Wedbush set a $2,100.00 target price on Amazon.com and gave the stock a buy rating in a research report on Tuesday, October 23rd. Zacks Investment Research raised Amazon.com from a hold rating to a buy rating and set a $1,976.00 price target for the company in a report on Monday, October 22nd. Stifel Nicolaus reaffirmed a buy rating and set a $2,525.00 price target on shares of Amazon.com in a report on Friday, October 12th. Finally, Barclays reaffirmed a buy rating on shares of Amazon.com in a report on Friday, October 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and forty-four have given a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $2,107.33.

Amazon.com stock opened at $1,591.00 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.10 and a debt-to-equity ratio of 0.54. The company has a market cap of $780.14 billion, a P/E ratio of 79.00, a P/E/G ratio of 2.23 and a beta of 1.62. Amazon.com has a one year low of $1,307.00 and a one year high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, January 31st. The e-commerce giant reported $6.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $5.55 by $0.49. The business had revenue of $72.38 billion during the quarter, compared to the consensus estimate of $71.73 billion. Amazon.com had a return on equity of 27.02% and a net margin of 4.33%. During the same quarter last year, the company earned $2.16 EPS. On average, equities research analysts forecast that Amazon.com will post 26.47 EPS for the current fiscal year.

In other news, CEO Jeffrey A. Wilke sold 1,230 shares of the firm’s stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $1,506.94, for a total value of $1,853,536.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Andrew R. Jassy sold 1,726 shares of the firm’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $1,566.69, for a total value of $2,704,106.94. The disclosure for this sale can be found here. Insiders sold a total of 5,503 shares of company stock worth $8,552,040 over the last 90 days. 16.30% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Signet Investment Advisory Group Inc. bought a new position in Amazon.com during the fourth quarter worth about $33,000. Spence Asset Management lifted its holdings in Amazon.com by 127.3% during the fourth quarter. Spence Asset Management now owns 25 shares of the e-commerce giant’s stock worth $38,000 after acquiring an additional 14 shares in the last quarter. Financial Advantage Inc. bought a new position in Amazon.com during the fourth quarter worth about $45,000. Contravisory Investment Management Inc. lifted its holdings in Amazon.com by 112.5% during the fourth quarter. Contravisory Investment Management Inc. now owns 34 shares of the e-commerce giant’s stock worth $51,000 after acquiring an additional 18 shares in the last quarter. Finally, O Brien Wealth Partners LLC lifted its holdings in Amazon.com by 104.8% during the fourth quarter. O Brien Wealth Partners LLC now owns 43 shares of the e-commerce giant’s stock worth $72,000 after acquiring an additional 22 shares in the last quarter. Institutional investors and hedge funds own 77.71% of the company’s stock.

Amazon.com Company Profile

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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