Amazon.com Inc. (AMZN) Rating Reiterated by BMO Capital Markets
Amazon.com Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating restated by research analysts at BMO Capital Markets in a research report issued on Thursday.
A number of other research analysts have also recently commented on AMZN. JMP Securities reissued a “buy” rating on shares of Amazon.com in a research report on Sunday, July 17th. Bank of America Corp. reissued a “buy” rating and set a $840.00 target price on shares of Amazon.com in a research report on Sunday, July 17th. Jefferies Group reissued a “buy” rating on shares of Amazon.com in a research report on Saturday, June 4th. Cantor Fitzgerald restated a “buy” rating on shares of Amazon.com in a research note on Saturday, June 4th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $900.00 price target on shares of Amazon.com in a research note on Sunday, July 10th. Six analysts have rated the stock with a hold rating and forty-five have given a buy rating to the stock. Amazon.com has a consensus rating of “Buy” and a consensus price target of $866.24.
Shares of Amazon.com (NASDAQ:AMZN) traded up 1.91% during mid-day trading on Thursday, reaching $804.86. 2,262,857 shares of the company were exchanged. The firm has a market capitalization of $381.56 billion, a price-to-earnings ratio of 200.16 and a beta of 1.11. Amazon.com has a 12 month low of $474.00 and a 12 month high of $805.43. The company’s 50-day moving average is $768.87 and its 200 day moving average is $696.70.
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Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.67. Amazon.com had a net margin of 1.60% and a return on equity of 13.52%. The firm had revenue of $30.40 billion for the quarter, compared to analysts’ expectations of $29.54 billion. During the same period in the previous year, the company posted $0.19 earnings per share. Amazon.com’s revenue was up 31.1% compared to the same quarter last year. Analysts predict that Amazon.com will post $5.76 EPS for the current year.
In other news, VP Shelley Reynolds sold 625 shares of Amazon.com stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $770.10, for a total transaction of $481,312.50. Following the transaction, the vice president now owns 6,519 shares in the company, valued at approximately $5,020,281.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Zapolsky sold 2,019 shares of Amazon.com stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $769.67, for a total value of $1,553,963.73. Following the transaction, the insider now owns 2,469 shares in the company, valued at approximately $1,900,315.23. The disclosure for this sale can be found here. Insiders own 17.70% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in AMZN. LPL Financial LLC raised its stake in shares of Amazon.com by 24.5% in the first quarter. LPL Financial LLC now owns 105,035 shares of the e-commerce giant’s stock worth $61,567,000 after buying an additional 20,700 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Amazon.com by 9.0% in the second quarter. Acadian Asset Management LLC now owns 117,216 shares of the e-commerce giant’s stock worth $83,882,000 after buying an additional 9,640 shares in the last quarter. Prudential PLC raised its stake in shares of Amazon.com by 5.7% in the first quarter. Prudential PLC now owns 105,738 shares of the e-commerce giant’s stock worth $62,771,000 after buying an additional 5,657 shares in the last quarter. British Columbia Investment Management Corp raised its stake in shares of Amazon.com by 1.3% in the second quarter. British Columbia Investment Management Corp now owns 204,723 shares of the e-commerce giant’s stock worth $146,504,000 after buying an additional 2,602 shares in the last quarter. Finally, Suvretta Capital Management LLC purchased a new stake in shares of Amazon.com during the first quarter worth about $147,407,000. Institutional investors and hedge funds own 65.44% of the company’s stock.
Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).
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