Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating restated by Bank of America in a research report issued on Monday, BenzingaRatingsTable reports. They currently have a $2,250.00 price target on the e-commerce giant’s stock, down from their previous price target of $2,350.00. Bank of America‘s target price suggests a potential upside of 27.43% from the stock’s current price.
Other research analysts also recently issued research reports about the company. Piper Jaffray Companies set a $2,225.00 price target on Amazon.com and gave the company a “buy” rating in a research note on Tuesday, October 8th. Monness Crespi & Hardt set a $2,300.00 price target on Amazon.com and gave the company a “buy” rating in a research note on Friday, October 18th. Robert W. Baird set a $2,150.00 price target on Amazon.com and gave the company an “outperform” rating in a research note on Friday, July 26th. Raymond James set a $2,080.00 price target on Amazon.com and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, Wolfe Research began coverage on Amazon.com in a research note on Tuesday, October 8th. They issued an “outperform” rating and a $2,234.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirty-nine have given a buy rating to the company. Amazon.com currently has a consensus rating of “Buy” and a consensus target price of $2,240.04.
AMZN stock opened at $1,765.73 on Monday. The business’s fifty day moving average is $1,773.16 and its 200-day moving average is $1,845.74. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.44. The company has a market cap of $874.33 billion, a P/E ratio of 87.67, a price-to-earnings-growth ratio of 2.27 and a beta of 1.54. Amazon.com has a twelve month low of $1,307.00 and a twelve month high of $2,035.80.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $5.29 by ($0.07). The company had revenue of $63.40 billion during the quarter, compared to analyst estimates of $62.59 billion. Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The business’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period last year, the company earned $5.07 EPS. Research analysts anticipate that Amazon.com will post 23.6 earnings per share for the current fiscal year.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,800 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $1,847.51, for a total transaction of $5,173,028.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $18,475,100. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Indra K. Nooyi bought 100 shares of the stock in a transaction on Friday, October 4th. The shares were purchased at an average price of $1,726.06 per share, with a total value of $172,606.00. Following the acquisition, the director now owns 250 shares in the company, valued at approximately $431,515. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 22,443 shares of company stock valued at $40,205,835. Corporate insiders own 16.10% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Amazon.com by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 31,312,832 shares of the e-commerce giant’s stock valued at $59,294,918,000 after acquiring an additional 387,740 shares in the last quarter. BlackRock Inc. lifted its stake in Amazon.com by 1.6% in the 2nd quarter. BlackRock Inc. now owns 26,082,028 shares of the e-commerce giant’s stock valued at $49,389,711,000 after purchasing an additional 415,448 shares during the last quarter. Thoroughbred Financial Services LLC lifted its stake in Amazon.com by 191,406.0% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 9,307,191 shares of the e-commerce giant’s stock valued at $930,719,000 after purchasing an additional 9,302,331 shares during the last quarter. Northern Trust Corp lifted its stake in Amazon.com by 1.2% in the 2nd quarter. Northern Trust Corp now owns 4,997,392 shares of the e-commerce giant’s stock valued at $9,463,210,000 after purchasing an additional 57,712 shares during the last quarter. Finally, Baillie Gifford & Co. lifted its stake in Amazon.com by 0.9% in the 2nd quarter. Baillie Gifford & Co. now owns 4,449,842 shares of the e-commerce giant’s stock valued at $8,426,354,000 after purchasing an additional 41,699 shares during the last quarter. Hedge funds and other institutional investors own 55.73% 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 third-party sellers through physical stores and online stores.
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