Stifel Nicolaus reiterated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research note released on Friday, AnalystRatings.com reports. They currently have a $2,300.00 price objective on the e-commerce giant’s stock.
“We expect continued strength in Amazon’s high-margin businesses, AWS and Advertising, which should continue to be a tailwind for operating margin and allow the company to invest more heavily in its retail capabilities, including one-day delivery. As we look ahead to 3Q, we expect management to guide revenue above expectations driven by a strong Prime Day (items sold up ~75% y/y), though believe margin guidance will come in below the Street due to incremental investments in one-day shipping, international, and AWS. Amazon is well- positioned as the leader in retail/cloud, and should continue to gain share in the advertising market as it adds new tools/services, makes strategic acquisitions (Sizmek), and leverages its valuable consumer data. We maintain our $2,300 PT.”,” Stifel Nicolaus’ analyst commented.
AMZN has been the subject of several other reports. Piper Jaffray Companies boosted their price target on Amazon.com from $2,070.00 to $2,225.00 and gave the company an overweight rating in a research note on Friday, April 26th. Zacks Investment Research upgraded Triple-S Management from a hold rating to a buy rating and set a $26.00 price target for the company in a research note on Monday, April 29th. Raymond James set a $33.00 price target on LKQ and gave the company a buy rating in a research note on Friday, April 26th. Societe Generale began coverage on Amazon.com in a research note on Monday, April 8th. They issued a buy rating and a $2,370.00 price target for the company. Finally, Morgan Stanley set a $70.00 price objective on shares of Edison International and gave the company a hold rating in a research report on Monday, July 15th. Two analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $2,193.89.
Shares of AMZN stock opened at $1,964.52 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $967.20 billion, a PE ratio of 97.54, a P/E/G ratio of 2.23 and a beta of 1.57. The company has a 50 day moving average of $1,896.89. Amazon.com has a 1 year low of $1,307.00 and a 1 year high of $2,050.50.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, April 25th. The e-commerce giant reported $7.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.61 by $2.48. The business had revenue of $59.70 billion during the quarter, compared to analysts’ expectations of $59.73 billion. Amazon.com had a return on equity of 28.91% and a net margin of 4.97%. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.27 earnings per share. On average, equities research analysts predict that Amazon.com will post 26.6 earnings per share for the current fiscal year.
In related news, CEO Jeffrey A. Wilke sold 2,500 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $1,934.42, for a total value of $4,836,050.00. Following the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $19,344,200. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 7,308 shares of the business’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $2,000.00, for a total transaction of $14,616,000.00. Following the completion of the sale, the chief executive officer now directly owns 92,614 shares in the company, valued at approximately $185,228,000. The disclosure for this sale can be found here. Insiders have sold 18,993 shares of company stock valued at $36,698,207 over the last quarter. Company insiders own 16.10% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Alpha Cubed Investments LLC grew its stake in shares of Amazon.com by 9.1% in the second quarter. Alpha Cubed Investments LLC now owns 10,354 shares of the e-commerce giant’s stock worth $19,607,000 after purchasing an additional 866 shares during the last quarter. Sageworth Trust Co bought a new stake in shares of Amazon.com in the second quarter worth $379,000. Private Vista LLC grew its stake in shares of Amazon.com by 2.5% in the second quarter. Private Vista LLC now owns 789 shares of the e-commerce giant’s stock worth $1,493,000 after purchasing an additional 19 shares during the last quarter. Garner Asset Management Corp grew its stake in shares of Amazon.com by 3.7% in the second quarter. Garner Asset Management Corp now owns 1,561 shares of the e-commerce giant’s stock worth $2,956,000 after purchasing an additional 55 shares during the last quarter. Finally, Pioneer Trust Bank N A OR grew its stake in shares of Amazon.com by 60.1% in the second quarter. Pioneer Trust Bank N A OR now owns 687 shares of the e-commerce giant’s stock worth $1,301,000 after purchasing an additional 258 shares during the last quarter. 55.49% of the stock is currently owned by institutional investors.
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 third-party sellers through physical stores and online stores.
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