Robert W. Baird Reiterates “Outperform” Rating for Amazon.com Inc. (AMZN)
Amazon.com Inc. (NASDAQ:AMZN)‘s stock had its “outperform” rating restated by investment analysts at Robert W. Baird in a research note issued to investors on Wednesday. They currently have a $850.00 price target on the e-commerce giant’s stock. Robert W. Baird’s price target points to a potential upside of 2.29% from the stock’s previous close.
A number of other analysts also recently weighed in on AMZN. KeyCorp increased their price target on shares of Amazon.com from $800.00 to $820.00 and gave the company an “overweight” rating in a report on Thursday, June 16th. Pacific Crest reaffirmed a “buy” rating on shares of Amazon.com in a report on Thursday, June 16th. Vetr raised shares of Amazon.com from a “hold” rating to a “buy” rating and set a $744.13 price objective for the company in a report on Monday, June 20th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $1,000.00 price objective on shares of Amazon.com in a report on Wednesday, June 22nd. Finally, Maxim Group initiated coverage on shares of Amazon.com in a report on Wednesday, June 22nd. They set a “buy” rating and a $825.00 price objective for the company. Five research analysts have rated the stock with a hold rating, forty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Amazon.com presently has a consensus rating of “Buy” and an average price target of $891.31.
Shares of Amazon.com (NASDAQ:AMZN) traded up 0.756% during midday trading on Wednesday, hitting $837.284. 1,334,776 shares of the company were exchanged. The stock’s 50-day moving average is $794.09 and its 200-day moving average is $723.14. Amazon.com has a one year low of $474.00 and a one year high of $847.21. The stock has a market cap of $396.93 billion, a PE ratio of 208.228 and a beta of 1.20.
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Amazon.com (NASDAQ:AMZN) last issued 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 earned $30.40 billion during the quarter, compared to the consensus estimate of $29.54 billion. During the same period in the prior year, the firm earned $0.19 EPS. The business’s revenue was up 31.1% on a year-over-year basis. Equities research analysts anticipate that Amazon.com will post $5.85 EPS for the current year.
In related news, CEO Andrew R. Jassy sold 14,000 shares of the company’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $800.00, for a total value of $11,200,000.00. Following the sale, the chief executive officer now directly owns 68,141 shares of the company’s stock, valued at $54,512,800. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the company’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 completion of the sale, the chief executive officer now directly owns 81,871,067 shares in the company, valued at $61,955,111,241.58. The disclosure for this sale can be found here. Corporate insiders own 17.70% of the company’s stock.
Large investors have recently modified their holdings of the company. Pathstone Family Office LLC boosted its stake 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 worth $105,000 after buying an additional 70 shares in the last quarter. Kistler Tiffany Companies LLC increased its position in shares of Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock worth $108,000 after buying an additional 136 shares during the last quarter. Kings Point Capital Management acquired a new position in shares of Amazon.com during the second quarter worth about $109,000. Krilogy Financial LLC increased its position in shares of Amazon.com by 157.1% in the second quarter. Krilogy Financial LLC now owns 198 shares of the e-commerce giant’s stock worth $142,000 after buying an additional 121 shares during the last quarter. Finally, West Oak Capital LLC increased its position in shares of Amazon.com by 105.7% in the second quarter. West Oak Capital LLC now owns 216 shares of the e-commerce giant’s stock worth $155,000 after buying an additional 111 shares during the last quarter. 65.44% of the stock is currently owned by 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).
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