Amazon.com Inc. (AMZN) Coverage Initiated by Analysts at Jefferies Group
Equities researchers at Jefferies Group began coverage on shares of Amazon.com Inc. (NASDAQ:AMZN) in a research note issued to investors on Monday. The firm set a “buy” rating on the e-commerce giant’s stock.
Several other equities research analysts have also recently commented on the company. Bank of America Corp. restated a “buy” rating and set a $860.00 price target on shares of Amazon.com in a research note on Monday, August 15th. KeyCorp restated an “overweight” rating and set a $847.00 price target on shares of Amazon.com in a research note on Sunday, August 21st. JPMorgan Chase & Co. set a $908.00 price target on Amazon.com and gave the stock a “buy” rating in a research note on Tuesday, July 12th. Piper Jaffray Cos. restated a “buy” rating and set a $800.00 price target on shares of Amazon.com in a research note on Friday, July 8th. Finally, Cowen and Company restated an “outperform” rating and set a $960.00 price target (up previously from $900.00) on shares of Amazon.com in a research note on Monday, September 26th. 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 stock. Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $897.87.
Amazon.com (NASDAQ:AMZN) traded down 1.21% during midday trading on Monday, reaching $812.97. 3,323,375 shares of the company were exchanged. Amazon.com has a 52-week low of $474.00 and a 52-week high of $847.21. The company has a 50 day moving average of $800.02 and a 200-day moving average of $726.41. The company has a market capitalization of $385.41 billion, a price-to-earnings ratio of 202.18 and a beta of 1.19.
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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 the Thomson Reuters’ consensus estimate of $1.11 by $0.67. The business earned $30.40 billion during the quarter, compared to the consensus estimate of $29.54 billion. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. The company’s revenue was up 31.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.19 earnings per share. On average, equities research analysts anticipate that Amazon.com will post $5.85 earnings per share for the current fiscal year.
In related news, VP Shelley Reynolds sold 625 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $770.10, for a total transaction of $481,312.50. Following the completion of the transaction, the vice president now owns 6,519 shares in the company, valued at approximately $5,020,281.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 14,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 68,141 shares of the company’s stock, valued at approximately $54,512,800. The disclosure for this sale can be found here. Corporate insiders own 17.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pathstone Family Office LLC raised 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 worth $105,000 after buying an additional 70 shares in the last quarter. Kistler Tiffany Companies LLC raised 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 worth $108,000 after buying an additional 136 shares in the last quarter. Kings Point Capital Management bought a new position in Amazon.com during the second quarter worth about $109,000. Krilogy Financial LLC raised 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 worth $142,000 after buying an additional 121 shares in the last quarter. Finally, West Oak Capital LLC raised 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 worth $155,000 after buying an additional 111 shares in the last quarter. Institutional investors and hedge funds own 65.47% 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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