Amazon.com (AMZN) Earns Buy Rating from JMP Securities

Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating reiterated by equities research analysts at JMP Securities in a report released on Friday.

A number of other brokerages also recently issued reports on AMZN. Credit Suisse Group restated an “outperform” rating on shares of Amazon.com in a report on Thursday, August 31st. Monness Crespi & Hardt upgraded Amazon.com from a “neutral” rating to a “buy” rating and set a $1,250.00 price target on the stock in a report on Friday, October 27th. Cowen reaffirmed an “outperform” rating and set a $1,125.00 price objective on shares of Amazon.com in a research report on Thursday, August 10th. Leerink Swann reaffirmed a “buy” rating on shares of Amazon.com in a research report on Monday, October 30th. Finally, TheStreet raised Amazon.com from a “c+” rating to a “b-” rating in a research report on Tuesday, November 7th. Five analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $1,207.37.

Shares of Amazon.com (NASDAQ AMZN) traded up $15.48 during trading hours on Friday, reaching $1,176.75. The company had a trading volume of 4,509,200 shares, compared to its average volume of 3,572,192. Amazon.com has a 52 week low of $736.70 and a 52 week high of $1,213.41. The stock has a market cap of $567,040.00, a P/E ratio of 302.94, a PEG ratio of 14.95 and a beta of 1.45. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.57). Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The business had revenue of $43.74 billion for the quarter, compared to analysts’ expectations of $42.26 billion. During the same quarter in the prior year, the firm earned $0.52 EPS. The firm’s revenue for the quarter was up 33.7% on a year-over-year basis. equities research analysts anticipate that Amazon.com will post 4.24 earnings per share for the current fiscal year.

In other Amazon.com news, Director Tom A. Alberg sold 1,860 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $1,109.20, for a total value of $2,063,112.00. Following the completion of the sale, the director now directly owns 18,460 shares in the company, valued at $20,475,832. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey P. Bezos sold 391,110 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the completion of the sale, the chief executive officer now owns 79,891,433 shares of the company’s stock, valued at $88,162,593,058.49. The disclosure for this sale can be found here. Over the last three months, insiders have sold 399,538 shares of company stock worth $441,142,749. 17.00% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of AMZN. Baltimore Washington Financial Advisors Inc. acquired a new stake in Amazon.com during the 4th quarter worth $23,951,000. Vestor Capital LLC boosted its stake in Amazon.com by 10.1% in the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after purchasing an additional 10 shares during the period. Whitnell & Co. lifted its position in shares of Amazon.com by 581.3% during the 3rd quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after acquiring an additional 93 shares during the period. WealthTrust Arizona LLC lifted its position in shares of Amazon.com by 2.7% during the 2nd quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after acquiring an additional 3 shares during the period. Finally, OLD Second National Bank of Aurora raised its holdings in shares of Amazon.com by 15.0% during the 1st quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock worth $102,000 after buying an additional 15 shares in the last quarter. 59.70% of the stock is owned by hedge funds and other institutional investors.

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About Amazon.com

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.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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