UBS AG Reaffirms “Buy” Rating for Amazon.com, Inc. (AMZN)
Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating reaffirmed by analysts at UBS AG in a report issued on Saturday, www.flashratings.com reports. They presently have a $1,200.00 target price on the e-commerce giant’s stock. UBS AG’s price target would suggest a potential upside of 21.61% from the stock’s previous close.
Other research analysts also recently issued research reports about the stock. Robert W. Baird restated an “outperform” rating and set a $1,100.00 price objective on shares of Amazon.com in a report on Friday, May 19th. Loop Capital restated a “buy” rating and set a $1,100.00 price objective on shares of Amazon.com in a report on Friday, May 19th. Piper Jaffray Companies restated an “overweight” rating on shares of Amazon.com in a report on Monday, May 22nd. Aegis restated a “buy” rating on shares of Amazon.com in a report on Monday, May 22nd. Finally, Vetr downgraded shares of Amazon.com from a “buy” rating to a “hold” rating and set a $1,000.35 price objective on the stock. in a report on Monday, May 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, forty-six have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $1,094.66.
Shares of Amazon.com (AMZN) opened at 986.79 on Friday. Amazon.com has a 12-month low of $710.10 and a 12-month high of $1,083.31. The firm has a 50-day moving average of $975.62 and a 200 day moving average of $949.38. The firm has a market capitalization of $474.03 billion, a price-to-earnings ratio of 250.96 and a beta of 1.47.
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 company had revenue of $37.96 billion for the quarter, compared to analyst estimates of $37.18 billion. During the same quarter in the previous year, the firm earned $1.78 EPS. The firm’s revenue was up 24.8% on a year-over-year basis. On average, equities research analysts expect that Amazon.com will post $3.89 earnings per share for the current year.
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In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,800 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total value of $2,674,560.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $9,552,000. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Shelley Reynolds sold 544 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $986.52, for a total value of $536,666.88. Following the completion of the transaction, the vice president now directly owns 6,533 shares of the company’s stock, valued at approximately $6,444,935.16. The disclosure for this sale can be found here. In the last three months, insiders sold 9,793 shares of company stock valued at $9,574,377. 17.70% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of AMZN. Osborn Williams & Donohoe LLC grew its stake in shares of Amazon.com by 1.1% during the 2nd quarter. Osborn Williams & Donohoe LLC now owns 915 shares of the e-commerce giant’s stock valued at $886,000 after purchasing an additional 10 shares during the period. Reinhart Partners Inc. grew its stake in shares of Amazon.com by 66.8% during the 1st quarter. Reinhart Partners Inc. now owns 789 shares of the e-commerce giant’s stock valued at $699,000 after purchasing an additional 316 shares during the period. Hengehold Capital Management LLC grew its stake in shares of Amazon.com by 3.5% during the 1st quarter. Hengehold Capital Management LLC now owns 384 shares of the e-commerce giant’s stock valued at $340,000 after purchasing an additional 13 shares during the period. Boston Advisors LLC grew its stake in shares of Amazon.com by 11.8% during the 1st quarter. Boston Advisors LLC now owns 95,063 shares of the e-commerce giant’s stock valued at $84,277,000 after purchasing an additional 10,014 shares during the period. Finally, Murphy Capital Management Inc. grew its stake in shares of Amazon.com by 1.4% during the 2nd quarter. Murphy Capital Management Inc. now owns 9,856 shares of the e-commerce giant’s stock valued at $9,540,000 after purchasing an additional 140 shares during the period. 60.80% of the stock is owned by institutional investors and hedge funds.
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 Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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