Amazon.com Inc. (AMZN) Rating Reiterated by Mizuho
Amazon.com Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating reiterated by research analysts at Mizuho in a report released on Thursday. They presently have a $950.00 price objective on the e-commerce giant’s stock. Mizuho’s target price would indicate a potential upside of 14.56% from the stock’s previous close.
AMZN has been the topic of several other reports. Zacks Investment Research raised Amazon.com from a “hold” rating to a “buy” rating and set a $774.00 price target on the stock in a research report on Tuesday, June 28th. Jefferies Group reissued a “buy” rating and set a $865.00 price target on shares of Amazon.com in a research report on Monday, June 27th. Morgan Stanley upped their price target on Amazon.com from $800.00 to $950.00 and gave the company an “overweight” rating in a research report on Wednesday, October 5th. Royal Bank Of Canada dropped their price target on Amazon.com from $1,000.00 to $840.00 and set an “outperform” rating on the stock in a research report on Friday, September 16th. Finally, Cowen and Company reissued an “outperform” rating and set a $960.00 price target on shares of Amazon.com in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $894.98.
Amazon.com (NASDAQ:AMZN) traded down 0.58% during trading on Thursday, reaching $829.28. The company had a trading volume of 3,091,387 shares. The stock has a 50 day moving average of $798.20 and a 200-day moving average of $724.68. Amazon.com has a 12 month low of $474.00 and a 12 month high of $847.21. The company has a market capitalization of $393.14 billion, a P/E ratio of 206.24 and a beta of 1.20.
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Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.67. The company had revenue of $30.40 billion for the quarter, compared to analyst estimates of $29.54 billion. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. Amazon.com’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.19 earnings per share. Equities research analysts expect that Amazon.com will post $5.85 EPS for the current fiscal year.
In related news, CEO Jeffrey P. Bezos sold 1,000,000 shares of Amazon.com stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $756.74, for a total transaction of $756,740,000.00. Following the completion of the sale, the chief executive officer now owns 81,871,067 shares in the company, valued at approximately $61,955,111,241.58. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value of $481,312.50. Following the sale, the vice president now owns 6,519 shares of the company’s stock, valued at approximately $5,020,281.90. The disclosure for this sale can be found here. 17.70% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of the company. Pacad Investment Ltd. boosted its stake in Amazon.com by 15.2% in the first quarter. Pacad Investment Ltd. now owns 35,900 shares of the e-commerce giant’s stock worth $21,312,000 after buying an additional 4,736 shares in the last quarter. WASHINGTON TRUST Co boosted its stake in Amazon.com by 5.6% in the first quarter. WASHINGTON TRUST Co now owns 45,202 shares of the e-commerce giant’s stock worth $26,834,000 after buying an additional 2,397 shares in the last quarter. First Long Island Investors LLC boosted its stake in Amazon.com by 1.2% in the first quarter. First Long Island Investors LLC now owns 31,367 shares of the e-commerce giant’s stock worth $18,621,000 after buying an additional 371 shares in the last quarter. Centre Asset Management LLC boosted its stake in Amazon.com by 6.8% in the first quarter. Centre Asset Management LLC now owns 44,294 shares of the e-commerce giant’s stock worth $26,295,000 after buying an additional 2,820 shares in the last quarter. Finally, Gerber Kawasaki Wealth & Investment Management bought a new stake in Amazon.com during the first quarter worth approximately $365,000. Hedge funds and other institutional investors 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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