Amazon.com, Inc. (AMZN) Earns “Buy” Rating from Maxim Group
Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating reaffirmed by analysts at Maxim Group in a report issued on Thursday. They currently have a $1,000.00 price objective on the e-commerce giant’s stock, up from their previous price objective of $940.00. Maxim Group’s price target would suggest a potential upside of 11.21% from the stock’s previous close.
The analysts wrote, “The company is expected to report 1Q17 earnings on Thursday, April 27, after market close, with a conference call at 5:30pm ET.””
Other equities analysts have also recently issued research reports about the company. William Blair reiterated an “outperform” rating on shares of Amazon.com in a report on Wednesday. Loop Capital reiterated a “buy” rating and set a $1,100.00 target price on shares of Amazon.com in a report on Wednesday. Robert W. Baird reiterated an “outperform” rating and set a $850.00 target price on shares of Amazon.com in a report on Thursday, April 6th. Credit Suisse Group AG lowered their target price on Amazon.com from $950.00 to $900.00 and set an “outperform” rating for the company in a report on Friday, February 3rd. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and set a $1,250.00 target price on shares of Amazon.com in a report on Monday, February 6th. Four investment analysts have rated the stock with a hold rating and forty-eight have assigned a buy rating to the company. Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $961.29.
This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/04/20/amazon-com-inc-amzn-earns-buy-rating-from-maxim-group.html
Amazon.com (NASDAQ:AMZN) opened at 899.20 on Thursday. Amazon.com has a one year low of $599.20 and a one year high of $923.72. The stock has a market cap of $429.07 billion, a P/E ratio of 183.51 and a beta of 1.40. The stock’s 50 day moving average price is $869.82 and its 200-day moving average price is $816.39.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 2nd. The e-commerce giant reported $1.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.19. The firm earned $43.74 billion during the quarter, compared to analysts’ expectations of $44.66 billion. Amazon.com had a return on equity of 13.87% and a net margin of 1.74%. The company’s revenue was up 22.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.00 EPS. On average, analysts predict that Amazon.com will post $7.24 earnings per share for the current year.
In other news, insider David Zapolsky sold 503 shares of the stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $850.00, for a total transaction of $427,550.00. Following the completion of the transaction, the insider now directly owns 2,523 shares of the company’s stock, valued at approximately $2,144,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tom A. Alberg sold 590 shares of the stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $850.00, for a total transaction of $501,500.00. Following the transaction, the director now directly owns 22,525 shares of the company’s stock, valued at $19,146,250. The disclosure for this sale can be found here. 17.70% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Round Table Services LLC increased its position in Amazon.com by 0.3% in the first quarter. Round Table Services LLC now owns 701 shares of the e-commerce giant’s stock worth $621,000 after buying an additional 2 shares in the last quarter. Hengehold Capital Management LLC increased its position in Amazon.com by 3.5% in the first quarter. Hengehold Capital Management LLC now owns 384 shares of the e-commerce giant’s stock worth $340,000 after buying an additional 13 shares in the last quarter. Glaxis Capital Management LLC bought a new position in Amazon.com during the first quarter worth $4,433,000. Johanson Financial Advisors Inc. bought a new position in Amazon.com during the first quarter worth $700,000. Finally, Boys Arnold & Co. Inc. increased its position in Amazon.com by 2.1% in the first quarter. Boys Arnold & Co. Inc. now owns 883 shares of the e-commerce giant’s stock worth $783,000 after buying an additional 18 shares in the last quarter. 65.08% of the stock is owned by hedge funds and other institutional investors.
Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.