Amazon.com, Inc. (AMZN) Receives Buy Rating from Mizuho
Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating restated by stock analysts at Mizuho in a research report issued on Monday, Marketbeat Ratings reports. They currently have a $1,250.00 target price on the e-commerce giant’s stock. Mizuho’s target price indicates a potential upside of 25.97% from the company’s previous close.
AMZN has been the topic of a number of other research reports. Instinet decreased their target price on Amazon.com from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research report on Friday, June 16th. Loop Capital reiterated a “buy” rating on shares of Amazon.com in a research report on Thursday, June 8th. Vetr cut Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,132.46 price target on the stock. in a report on Tuesday, July 18th. Cantor Fitzgerald restated a “buy” rating and set a $970.00 price target on shares of Amazon.com in a report on Friday, April 28th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Amazon.com in a report on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the stock. Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $1,065.61.
Shares of Amazon.com (AMZN) opened at 992.27 on Monday. Amazon.com has a one year low of $710.10 and a one year high of $1,083.31. The firm’s 50-day moving average is $999.29 and its 200-day moving average is $918.57. The company has a market cap of $476.67 billion, a price-to-earnings ratio of 252.36 and a beta of 1.48.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.40 by $1.00. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The business had revenue of $37.96 billion during the quarter, compared to the consensus estimate of $37.18 billion. During the same quarter in the prior year, the firm earned $1.78 EPS. The business’s revenue was up 24.8% on a year-over-year basis. Analysts expect that Amazon.com will post $3.84 EPS for the current fiscal year.
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In other news, Director Tom A. Alberg sold 800 shares of the business’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $1,000.00, for a total value of $800,000.00. Following the completion of the transaction, the director now owns 20,320 shares in the company, valued at $20,320,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey A. Wilke sold 710 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $987.39, for a total value of $701,046.90. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $9,873,900. The disclosure for this sale can be found here. Insiders sold 12,890 shares of company stock valued at $12,699,003 in the last 90 days. Company insiders own 17.70% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of AMZN. OLD Second National Bank of Aurora raised 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 during the last quarter. Clear Investment Research LLC raised its stake in shares of Amazon.com by 73,100.0% in the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock valued at $107,000 after buying an additional 731 shares during the last quarter. WealthTrust Arizona LLC raised its stake in shares of Amazon.com by 2.7% in the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after buying an additional 3 shares during the last quarter. Ibex Wealth Advisors purchased a new stake in shares of Amazon.com during the fourth quarter valued at approximately $113,000. Finally, LeJeune Puetz Investment Counsel LLC purchased a new stake in shares of Amazon.com during the second quarter valued at approximately $116,000. Hedge funds and other institutional investors own 62.17% 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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