Amazon.com Inc. (AMZN) Receives “Outperform” Rating from Robert W. Baird
Amazon.com Inc. (NASDAQ:AMZN)‘s stock had its “outperform” rating reissued by research analysts at Robert W. Baird in a research report issued to clients and investors on Tuesday.
A number of other brokerages have also weighed in on AMZN. Needham & Company LLC reiterated a “hold” rating on shares of Amazon.com in a research report on Monday, June 27th. Wedbush reiterated an “outperform” rating and set a $900.00 target price on shares of Amazon.com in a research report on Friday, September 30th. Piper Jaffray Cos. restated a “buy” rating and issued a $800.00 price objective on shares of Amazon.com in a research report on Sunday, July 31st. Pacific Crest restated a “buy” rating and issued a $820.00 price objective on shares of Amazon.com in a research report on Friday, July 15th. Finally, Bank of America Corp. restated a “buy” rating and issued a $840.00 price objective on shares of Amazon.com in a research report on Sunday, July 17th. Five equities research analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $897.87.
Amazon.com (NASDAQ:AMZN) traded up 1.14% during trading on Tuesday, reaching $822.22. 1,636,124 shares of the company were exchanged. The company has a market capitalization of $389.79 billion, a P/E ratio of 204.48 and a beta of 1.19. Amazon.com has a one year low of $474.00 and a one year high of $847.21. The firm’s 50-day moving average is $801.27 and its 200 day moving average is $729.86.
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Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.67. The firm earned $30.40 billion during 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%. The company’s quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter last year, the business earned $0.19 earnings per share. On average, analysts anticipate that Amazon.com will post $5.85 EPS for the current fiscal year.
In other Amazon.com news, insider Jeffrey M. Blackburn sold 10,000 shares of the business’s stock in a transaction 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 transaction, the insider now owns 55,887 shares of the company’s stock, valued at $42,528,889.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shelley Reynolds sold 625 shares of the business’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $770.10, for a total value of $481,312.50. Following the transaction, the vice president now directly owns 6,519 shares in the company, valued at approximately $5,020,281.90. The disclosure for this sale can be found here. Company insiders own 17.70% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Spark Investment Management LLC bought a new position in Amazon.com during the first quarter worth $4,096,000. Ropes Wealth Advisors LLC raised its position in shares of Amazon.com by 7.0% in the first quarter. Ropes Wealth Advisors LLC now owns 1,531 shares of the e-commerce giant’s stock valued at $909,000 after buying an additional 100 shares during the period. Cannell Peter B & Co Inc raised its position in shares of Amazon.com by 80.3% in the first quarter. Cannell Peter B & Co Inc now owns 2,155 shares of the e-commerce giant’s stock valued at $1,279,000 after buying an additional 960 shares during the period. LVW Advisors LLC raised its position in shares of Amazon.com by 13.8% in the first quarter. LVW Advisors LLC now owns 1,154 shares of the e-commerce giant’s stock valued at $685,000 after buying an additional 140 shares during the period. Finally, A.R. Schmeidler & Co. Inc. raised its position in shares of Amazon.com by 37.7% in the first quarter. A.R. Schmeidler & Co. Inc. now owns 18,280 shares of the e-commerce giant’s stock valued at $10,852,000 after buying an additional 5,004 shares during the period. 65.47% 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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