Amazon.com’s (AMZN) “Buy” Rating Reaffirmed at Aegis
A number of other equities research analysts also recently issued reports on AMZN. William Blair reaffirmed a buy rating and set a $719.07 price target on shares of Amazon.com in a research note on Wednesday, November 16th. Citigroup Inc reduced their target price on shares of Amazon.com from $965.00 to $960.00 and set a buy rating on the stock in a research note on Monday, November 28th. Evercore ISI reissued a buy rating and issued a $990.00 target price on shares of Amazon.com in a research note on Monday, November 28th. Piper Jaffray Companies reissued an overweight rating and issued a $900.00 target price on shares of Amazon.com in a research note on Tuesday, November 29th. Finally, SunTrust Banks, Inc. reissued a hold rating on shares of Amazon.com in a research note on Tuesday, November 29th. Six analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the stock. Amazon.com currently has a consensus rating of Buy and an average price target of $939.08.
Shares of Amazon.com (NASDAQ:AMZN) opened at 856.97 on Wednesday. The company has a market cap of $408.92 billion, a price-to-earnings ratio of 174.89 and a beta of 1.40. Amazon.com has a 52 week low of $538.58 and a 52 week high of $860.86. The stock’s 50 day moving average is $841.00 and its 200-day moving average is $801.26.
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Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $1.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.19. The company had revenue of $43.74 billion for the quarter, compared to the consensus estimate of $44.66 billion. Amazon.com had a net margin of 1.74% and a return on equity of 13.87%. Amazon.com’s revenue was up 22.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.00 earnings per share. On average, equities analysts anticipate that Amazon.com will post $7.18 earnings per share for the current year.
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In other Amazon.com news, insider David Zapolsky sold 503 shares of the stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total value of $427,550.00. Following the completion of the transaction, the insider now owns 2,523 shares in the company, valued at $2,144,550. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tom A. Alberg sold 590 shares of the firm’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $850.00, for a total value of $501,500.00. Following the completion of the transaction, the director now owns 22,525 shares of the company’s stock, valued at approximately $19,146,250. The disclosure for this sale can be found here. Corporate insiders own 17.70% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Personal Capital Advisors Corp boosted its position in shares of Amazon.com by 8.8% in the second quarter. Personal Capital Advisors Corp now owns 33,411 shares of the e-commerce giant’s stock worth $23,909,000 after buying an additional 2,690 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Amazon.com by 2.8% in the second quarter. Public Employees Retirement System of Ohio now owns 269,833 shares of the e-commerce giant’s stock worth $193,098,000 after buying an additional 7,246 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Amazon.com by 5.5% in the second quarter. IFP Advisors Inc now owns 5,634 shares of the e-commerce giant’s stock worth $4,032,000 after buying an additional 294 shares in the last quarter. Harbour Capital Advisors LLC purchased a new position in shares of Amazon.com during the second quarter worth $1,085,000. Finally, Beach Investment Counsel Inc. PA boosted its position in shares of Amazon.com by 65.2% in the second quarter. Beach Investment Counsel Inc. PA now owns 24,250 shares of the e-commerce giant’s stock worth $17,354,000 after buying an additional 9,570 shares in the last quarter. Institutional investors and hedge funds own 65.08% 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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