Amazon.com Inc. (AMZN) Research Coverage Started at Jefferies Group
Analysts at Jefferies Group began coverage on shares of Amazon.com Inc. (NASDAQ:AMZN) in a note issued to investors on Monday. The firm set a “buy” rating on the e-commerce giant’s stock.
Several other equities research analysts also recently weighed in on the stock. Bank of America Corp. restated a “buy” rating and issued a $860.00 target price on shares of Amazon.com in a research note on Monday, August 15th. KeyCorp restated an “overweight” rating and issued a $847.00 target price on shares of Amazon.com in a research note on Sunday, August 21st. JPMorgan Chase & Co. set a $908.00 target price on shares of Amazon.com and gave the company a “buy” rating in a research note on Tuesday, July 12th. Piper Jaffray Cos. restated a “buy” rating and issued a $800.00 target price on shares of Amazon.com in a research note on Friday, July 8th. Finally, Cowen and Company restated an “outperform” rating and issued a $960.00 target price (up from $900.00) on shares of Amazon.com in a research note on Monday, September 26th. Five equities research analysts have rated the stock with a hold rating, forty-six have issued a buy rating and one has given a strong buy rating to the company. Amazon.com has an average rating of “Buy” and a consensus target price of $897.87.
Amazon.com (NASDAQ:AMZN) traded down 1.22% during midday trading on Monday, hitting $812.95. The stock had a trading volume of 3,341,095 shares. The firm has a 50-day moving average of $800.02 and a 200 day moving average of $726.41. Amazon.com has a 52-week low of $474.00 and a 52-week high of $847.21. The firm has a market capitalization of $385.40 billion, a P/E ratio of 202.18 and a beta of 1.19.
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Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 net margin of 1.60% and a return on equity of 13.52%. Amazon.com’s revenue was up 31.1% compared to the same quarter last year. During the same period last year, the company posted $0.19 earnings per share. On average, equities analysts forecast that Amazon.com will post $5.85 EPS for the current year.
In other news, CEO Andrew R. Jassy sold 2,305 shares of the business’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $769.75, for a total transaction of $1,774,273.75. Following the transaction, the chief executive officer now directly owns 84,446 shares of the company’s stock, valued at $65,002,308.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 14,000 shares of the business’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $800.00, for a total transaction of $11,200,000.00. Following the transaction, the chief executive officer now directly owns 68,141 shares in the company, valued at $54,512,800. The disclosure for this sale can be found here. Insiders own 17.70% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of AMZN. Pathstone Family Office LLC boosted 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 during the last quarter. Kistler Tiffany Companies LLC raised its stake 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 period. Kings Point Capital Management bought a new stake in shares of Amazon.com during the second quarter worth about $109,000. Krilogy Financial LLC raised its stake 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 period. Finally, West Oak Capital LLC raised its stake 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 period. 65.47% of the stock is currently owned by institutional investors and hedge funds.
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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