Amazon.com, Inc. (AMZN) Rating Reiterated by Deutsche Bank AG
Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating reissued by analysts at Deutsche Bank AG in a research note issued to investors on Tuesday. They currently have a $1,135.00 target price on the e-commerce giant’s stock, down from their previous target price of $1,150.00. Deutsche Bank AG’s target price would suggest a potential upside of 12.37% from the stock’s previous close.
AMZN has been the topic of a number of other reports. MKM Partners reiterated a “buy” rating and set a $1,095.00 price objective (up from $995.00) on shares of Amazon.com in a research note on Monday, May 8th. Cowen and Company reiterated an “outperform” rating and set a $1,050.00 price objective on shares of Amazon.com in a research note on Monday, April 10th. Maxim Group reiterated a “buy” rating and set a $1,000.00 price objective (up from $940.00) on shares of Amazon.com in a research note on Thursday, April 20th. Vetr downgraded shares of Amazon.com from a “buy” rating to a “hold” rating and set a $948.53 price objective on the stock. in a research note on Thursday, April 27th. Finally, Instinet reiterated a “buy” rating on shares of Amazon.com in a research note on Friday, June 2nd. Five analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $1,022.01.
Shares of Amazon.com (NASDAQ AMZN) traded up 1.24% during midday trading on Tuesday, reaching $1022.61. 2,495,405 shares of the company were exchanged. Amazon.com has a 52-week low of $710.10 and a 52-week high of $1,024.00. The company has a market capitalization of $488.78 billion, a PE ratio of 192.58 and a beta of 1.48. The stock’s 50-day moving average price is $983.46 and its 200-day moving average price is $880.70.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $1.48 EPS for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.45. Amazon.com had a net margin of 1.81% and a return on equity of 13.72%. The firm had revenue of $35.71 billion for the quarter, compared to the consensus estimate of $35.31 billion. During the same period in the prior year, the firm posted $1.07 EPS. The firm’s revenue was up 22.6% compared to the same quarter last year. Analysts anticipate that Amazon.com will post $6.69 EPS for the current year.
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In other news, insider David Zapolsky sold 505 shares of the business’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $946.59, for a total value of $478,027.95. Following the sale, the insider now owns 2,018 shares in the company, valued at approximately $1,910,218.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the business’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $940.74, for a total transaction of $940,740,000.00. Following the completion of the sale, the chief executive officer now owns 80,857,196 shares in the company, valued at approximately $76,065,598,565.04. The disclosure for this sale can be found here. Insiders sold a total of 1,014,090 shares of company stock worth $954,546,394 in the last three months. Insiders own 17.70% of the company’s stock.
Several large investors have recently modified their holdings of AMZN. OLD Second National Bank of Aurora increased its stake in shares of Amazon.com by 15.0% in the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock valued at $102,000 after buying an additional 15 shares in the last quarter. Ibex Wealth Advisors purchased a new stake in shares of Amazon.com during the fourth quarter valued at approximately $113,000. LeJeune Puetz Investment Counsel LLC purchased a new stake in shares of Amazon.com during the second quarter valued at approximately $116,000. Lipe & Dalton purchased a new stake in shares of Amazon.com during the first quarter valued at approximately $124,000. Finally, Empirical Finance LLC purchased a new stake in shares of Amazon.com during the fourth quarter valued at approximately $152,000. Institutional investors own 62.49% of the company’s stock.
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.
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