Amazon.com Inc. (AMZN) Stock Rating Reaffirmed by Credit Suisse Group AG
Amazon.com Inc. (NASDAQ:AMZN)‘s stock had its “outperform” rating reiterated by investment analysts at Credit Suisse Group AG in a research report issued to clients and investors on Monday. They currently have a $1,050.00 price target on the e-commerce giant’s stock, up from their previous price target of $920.00. Credit Suisse Group AG’s target price points to a potential upside of 29.16% from the stock’s current price.
Other equities research analysts have also recently issued reports about the company. JMP Securities reaffirmed a “buy” rating and issued a $775.00 price target on shares of Amazon.com in a research note on Saturday, July 9th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $900.00 price target on shares of Amazon.com in a research note on Sunday, July 10th. Bank of America Corp. reaffirmed a “buy” rating and issued a $840.00 price target on shares of Amazon.com in a research note on Sunday, July 17th. RBC Capital Markets set a $840.00 price target on Amazon.com and gave the stock a “buy” rating in a research note on Friday, July 29th. Finally, Vetr raised Amazon.com from a “hold” rating to a “buy” rating and set a $744.13 target price on the stock in a research note on Monday, June 20th. Five research analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average 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 3,361,492 shares. The firm has a market cap of $385.40 billion, a price-to-earnings ratio of 202.18 and a beta of 1.19. The firm has a 50 day moving average of $801.27 and a 200 day moving average of $729.86. Amazon.com has a 52 week low of $474.00 and a 52 week high of $847.21.
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Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.67. The company had revenue of $30.40 billion for the quarter, compared to analysts’ expectations of $29.54 billion. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. The firm’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.19 earnings per share. Equities research analysts predict that Amazon.com will post $5.85 EPS for the current year.
In other Amazon.com news, insider Jeffrey M. Blackburn sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $760.98, for a total transaction of $7,609,800.00. Following the completion of the sale, the insider now directly owns 55,887 shares in the company, valued at approximately $42,528,889.26. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $756.74, for a total value of $756,740,000.00. Following the sale, the chief executive officer now owns 81,871,067 shares of the company’s stock, valued at $61,955,111,241.58. The disclosure for this sale can be found here. Company insiders own 17.70% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. Pathstone Family Office LLC raised its stake 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 period. Kistler Tiffany Companies LLC raised its stake 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 during the period. Kings Point Capital Management bought a new stake in Amazon.com during the second quarter worth about $109,000. Krilogy Financial LLC raised its stake 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 during the period. Finally, West Oak Capital LLC raised its stake 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 during the period. Institutional investors own 65.47% of the company’s stock.
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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