Amazon.com’s (AMZN) “Outperform” Rating Reiterated at Robert W. Baird
Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “outperform” rating reissued by equities researchers at Robert W. Baird in a note issued to investors on Wednesday. They presently have a $1,100.00 price objective on the e-commerce giant’s stock. Robert W. Baird’s price objective indicates a potential upside of 12.45% from the company’s previous close.
Several other equities analysts have also commented on AMZN. Jefferies Group LLC reaffirmed a “buy” rating and set a $1,250.00 target price (up from $1,135.00) on shares of Amazon.com in a research note on Friday, July 28th. Wedbush reaffirmed a “buy” rating and set a $1,250.00 target price on shares of Amazon.com in a research note on Friday, July 28th. Barclays PLC upped their target price on shares of Amazon.com from $1,120.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Friday, July 28th. Deutsche Bank AG upped their target price on shares of Amazon.com from $1,135.00 to $1,175.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Finally, Aegis upped their target price on shares of Amazon.com from $1,069.00 to $1,171.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, forty-four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Amazon.com has an average rating of “Buy” and a consensus target price of $1,078.80.
Shares of Amazon.com (AMZN) traded down 0.46% on Wednesday, hitting $978.18. 3,131,235 shares of the company were exchanged. Amazon.com has a 52-week low of $710.10 and a 52-week high of $1,083.31. The firm’s 50-day moving average is $997.21 and its 200-day moving average is $929.59. The stock has a market capitalization of $469.90 billion, a PE ratio of 248.77 and a beta of 1.48.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the consensus estimate of $1.40 by $1.00. The firm had revenue of $37.96 billion during the quarter, compared to analyst estimates of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The business’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.78 earnings per share. Equities research analysts predict that Amazon.com will post $3.83 earnings per share for the current year.
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In other news, CEO Jeffrey A. Wilke sold 710 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $987.39, for a total transaction of $701,046.90. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $9,873,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey A. Wilke sold 4,000 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $969.73, for a total transaction of $3,878,920.00. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $9,697,300. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,890 shares of company stock valued at $10,800,023. 17.70% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Davidson & Garrard Inc. increased its stake in Amazon.com by 17.6% in the third quarter. Davidson & Garrard Inc. now owns 4,201 shares of the e-commerce giant’s stock valued at $3,518,000 after buying an additional 628 shares during the last quarter. Advisory Services Network LLC increased its stake in Amazon.com by 96.2% in the fourth quarter. Advisory Services Network LLC now owns 7,454 shares of the e-commerce giant’s stock valued at $5,038,000 after buying an additional 3,654 shares during the last quarter. Williams Jones & Associates LLC increased its stake in Amazon.com by 22.7% in the second quarter. Williams Jones & Associates LLC now owns 24,801 shares of the e-commerce giant’s stock valued at $17,748,000 after buying an additional 4,596 shares during the last quarter. Somerset Group LLC increased its stake in Amazon.com by 0.8% in the fourth quarter. Somerset Group LLC now owns 2,666 shares of the e-commerce giant’s stock valued at $1,802,000 after buying an additional 20 shares during the last quarter. Finally, Bridgeworth LLC bought a new stake in Amazon.com during the fourth quarter valued at $390,000. Institutional investors and hedge funds own 61.90% of the company’s stock.
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.
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