Amazon.com’s (AMZN) Buy Rating Reaffirmed at Mizuho
Amazon.com Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating restated by analysts at Mizuho in a research note issued on Thursday. They currently have a $950.00 price target on the e-commerce giant’s stock. Mizuho’s price objective would suggest a potential upside of 14.56% from the stock’s previous close.
A number of other equities research analysts also recently commented on AMZN. JMP Securities reissued a “buy” rating on shares of Amazon.com in a report on Sunday, July 17th. Bank of America Corp. reissued a “buy” rating and issued a $840.00 target price on shares of Amazon.com in a report on Sunday, July 17th. Deutsche Bank AG reissued a “buy” rating and issued a $900.00 target price on shares of Amazon.com in a report on Sunday, July 10th. Zacks Investment Research downgraded Amazon.com from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Finally, William Blair reissued an “outperform” rating on shares of Amazon.com in a report on Friday, July 29th. Five research analysts have rated the stock with a hold rating, forty-six have given a buy rating and one has issued a strong buy rating to the company. Amazon.com currently has an average rating of “Buy” and an average target price of $894.98.
Amazon.com (NASDAQ:AMZN) traded down 0.58% during midday trading on Thursday, hitting $829.28. 3,091,387 shares of the stock were exchanged. The firm has a 50-day moving average price of $798.20 and a 200-day moving average price of $724.68. The stock has a market cap of $393.14 billion, a P/E ratio of 206.24 and a beta of 1.20. Amazon.com has a one year low of $474.00 and a one year high of $847.21.
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Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data 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 analyst estimates of $29.54 billion. During the same period last year, the firm posted $0.19 EPS. Amazon.com’s quarterly revenue was up 31.1% on a year-over-year basis. On average, equities research analysts anticipate that Amazon.com will post $5.85 EPS for the current fiscal year.
In other news, VP Shelley Reynolds sold 625 shares of Amazon.com stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $770.10, for a total value of $481,312.50. Following the transaction, the vice president now owns 6,519 shares of the company’s stock, valued at approximately $5,020,281.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of Amazon.com stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 81,871,067 shares in the company, valued at approximately $61,955,111,241.58. The disclosure for this sale can be found here. 17.70% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in AMZN. Private Trust Co. NA increased its stake in Amazon.com by 2.8% in the third quarter. Private Trust Co. NA now owns 2,684 shares of the e-commerce giant’s stock valued at $2,247,000 after buying an additional 72 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co bought a new stake in Amazon.com during the third quarter valued at $285,000. Cohen Capital Management Inc. increased its stake in Amazon.com by 27.8% in the third quarter. Cohen Capital Management Inc. now owns 460 shares of the e-commerce giant’s stock valued at $385,000 after buying an additional 100 shares in the last quarter. Private Bank & Trust Co. increased its stake in Amazon.com by 1.7% in the third quarter. Private Bank & Trust Co. now owns 2,450 shares of the e-commerce giant’s stock valued at $2,051,000 after buying an additional 40 shares in the last quarter. Finally, Forte Capital LLC ADV increased its stake in Amazon.com by 1.1% in the third quarter. Forte Capital LLC ADV now owns 6,189 shares of the e-commerce giant’s stock valued at $5,182,000 after buying an additional 70 shares in 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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