Robert W. Baird Reiterates “Outperform” Rating for Amazon.com Inc. (AMZN)
Amazon.com Inc. (NASDAQ:AMZN)‘s stock had its “outperform” rating reaffirmed by stock analysts at Robert W. Baird in a note issued to investors on Wednesday. They presently have a $850.00 price target on the e-commerce giant’s stock. Robert W. Baird’s price objective would indicate a potential upside of 2.29% from the company’s current price.
A number of other analysts also recently commented on AMZN. KeyCorp boosted their price target on shares of Amazon.com from $800.00 to $820.00 and gave the stock an “overweight” rating in a research report on Thursday, June 16th. Pacific Crest reiterated a “buy” rating on shares of Amazon.com in a report on Thursday, June 16th. Vetr upgraded shares of Amazon.com from a “hold” rating to a “buy” rating and set a $744.13 target price on the stock in a report on Monday, June 20th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $1,000.00 target price on shares of Amazon.com in a report on Wednesday, June 22nd. Finally, Maxim Group assumed coverage on shares of Amazon.com in a report on Wednesday, June 22nd. They issued a “buy” rating and a $825.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, forty-six have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $891.31.
Shares of Amazon.com (NASDAQ:AMZN) traded up 0.74% during mid-day trading on Wednesday, reaching $837.13. The company’s stock had a trading volume of 1,325,631 shares. The company has a market capitalization of $396.86 billion, a price-to-earnings ratio of 208.19 and a beta of 1.20. Amazon.com has a 1-year low of $474.00 and a 1-year high of $847.21. The firm’s 50 day moving average price is $794.09 and its 200-day moving average price is $723.14.
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Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 EPS for the quarter, topping 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 company had revenue of $30.40 billion for the quarter, compared to the consensus estimate of $29.54 billion. During the same period in the previous year, the firm earned $0.19 EPS. Amazon.com’s revenue was up 31.1% on a year-over-year basis. On average, analysts predict that Amazon.com will post $5.85 EPS for the current year.
In related news, VP Shelley Reynolds sold 625 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $770.10, for a total value of $481,312.50. Following the completion of the sale, the vice president now directly owns 6,519 shares of the company’s stock, valued at approximately $5,020,281.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew R. Jassy sold 14,000 shares of the stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $800.00, for a total value of $11,200,000.00. Following the completion of the sale, the chief executive officer now directly owns 68,141 shares of the company’s stock, valued at $54,512,800. The disclosure for this sale can be found here. 17.70% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the stock. LPL Financial LLC increased its position 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 during the period. Acadian Asset Management LLC increased its position 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 during the period. Prudential PLC increased its position 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 during the period. Suvretta Capital Management LLC acquired a new position in shares of Amazon.com during the first quarter worth about $147,407,000. Finally, British Columbia Investment Management Corp increased its position 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 during the period. 65.44% of the stock is owned by institutional investors and hedge funds.
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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