Amazon.com’s (AMZN) Buy Rating Reaffirmed at Deutsche Bank AG
Amazon.com Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank AG in a report issued on Wednesday. They presently have a $985.00 target price on the e-commerce giant’s stock. Deutsche Bank AG’s target price suggests a potential upside of 18.09% from the company’s current price.
AMZN has been the topic of several other research reports. Zacks Investment Research upgraded shares of Amazon.com from a “hold” rating to a “buy” rating and set a $774.00 target price on the stock in a report on Tuesday, June 28th. Jefferies Group reiterated a “buy” rating and issued a $865.00 price target on shares of Amazon.com in a report on Monday, June 27th. Morgan Stanley lifted their price target on shares of Amazon.com from $800.00 to $950.00 and gave the company an “overweight” rating in a report on Wednesday, October 5th. Royal Bank Of Canada cut their price target on shares of Amazon.com from $1,000.00 to $840.00 and set an “outperform” rating on the stock in a report on Friday, September 16th. Finally, Evercore ISI reiterated a “buy” rating on shares of Amazon.com in a report on Monday, July 18th. Five equities research analysts have rated the stock with a hold rating, forty-six have issued a buy rating and one has assigned a strong buy rating to the company. Amazon.com has an average rating of “Buy” and a consensus target price of $891.31.
Amazon.com (NASDAQ:AMZN) traded up 0.37% during mid-day trading on Wednesday, hitting $834.09. 2,373,729 shares of the stock traded hands. Amazon.com has a 52-week low of $474.00 and a 52-week high of $847.21. The firm has a market cap of $395.42 billion, a P/E ratio of 207.43 and a beta of 1.20. The firm’s 50-day moving average is $794.09 and its 200 day moving average is $723.14.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/12/amazon-coms-amzn-buy-rating-reaffirmed-at-deutsche-bank-ag.html
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the business earned $0.19 earnings per share. The business’s revenue was up 31.1% on a year-over-year basis. Equities analysts predict that Amazon.com will post $5.85 EPS for the current fiscal year.
In related news, CEO Andrew R. Jassy sold 2,305 shares of the business’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $769.75, for a total transaction of $1,774,273.75. Following the completion of the transaction, the chief executive officer now directly owns 84,446 shares of the company’s stock, valued at approximately $65,002,308.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the business’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $756.74, for a total value of $756,740,000.00. Following the transaction, the chief executive officer now directly owns 81,871,067 shares of the company’s stock, valued at $61,955,111,241.58. The disclosure for this sale can be found here. 17.70% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pathstone Family Office LLC boosted its position in Amazon.com by 92.1% in the second quarter. Pathstone Family Office LLC now owns 146 shares of the e-commerce giant’s stock valued at $105,000 after buying an additional 70 shares during the last quarter. Kistler Tiffany Companies LLC boosted its position in Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock valued at $108,000 after buying an additional 136 shares during the last quarter. Kings Point Capital Management bought a new position in Amazon.com during the second quarter valued at approximately $109,000. Krilogy Financial LLC boosted its position in Amazon.com by 157.1% in the second quarter. Krilogy Financial LLC now owns 198 shares of the e-commerce giant’s stock valued at $142,000 after buying an additional 121 shares during the last quarter. Finally, West Oak Capital LLC boosted its position in Amazon.com by 105.7% in the second quarter. West Oak Capital LLC now owns 216 shares of the e-commerce giant’s stock valued at $155,000 after buying an additional 111 shares during the last quarter. 65.44% of the stock is owned by hedge funds and other institutional investors.
Amazon.com Company Profile
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).
Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.