Morgan Stanley Reiterates “Buy” Rating for Amazon.com (AMZN)

Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating restated by Morgan Stanley in a report issued on Monday.

Other research analysts also recently issued reports about the stock. Vetr upgraded shares of Amazon.com from a “sell” rating to a “hold” rating and set a $1,155.74 price target on the stock in a research report on Wednesday, November 29th. KeyCorp reiterated a “hold” rating on shares of Amazon.com in a research report on Monday. Citigroup increased their price target on shares of Amazon.com from $1,400.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Monday. SunTrust Banks reiterated a “buy” rating and issued a $1,190.00 price target on shares of Amazon.com in a research report on Monday, October 2nd. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Amazon.com in a research report on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, fifty-one have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $1,297.23.

Shares of Amazon.com (NASDAQ AMZN) traded up $14.86 during trading on Monday, reaching $1,416.91. 2,505,047 shares of the company were exchanged, compared to its average volume of 4,249,161. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00. Amazon.com has a 12 month low of $803.00 and a 12 month high of $1,420.91. The company has a market capitalization of $679,180.00, a P/E ratio of 357.81, a price-to-earnings-growth ratio of 8.09 and a beta of 1.46.

In other Amazon.com news, Chief Executive Officer of Worldwide Consumer Jeffrey A. Wilke sold 2,800 shares of Amazon.com stock in a transaction on Friday, December 8th. The shares were sold at an average price of $1,160.34, for a total value of $3,248,952.00. Following the completion of the transaction, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $11,603,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey P. Bezos sold 391,110 shares of Amazon.com stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the completion of the transaction, the chief executive officer now directly 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. Insiders sold a total of 402,338 shares of company stock valued at $444,391,701 over the last three months. Corporate insiders own 17.00% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Sanders Morris Harris LLC purchased a new position in shares of Amazon.com in the 2nd quarter worth approximately $387,000. National Pension Service grew its position in Amazon.com by 9.7% during the 2nd quarter. National Pension Service now owns 305,595 shares of the e-commerce giant’s stock worth $298,239,000 after purchasing an additional 26,978 shares during the last quarter. Bach Investment Advisors Ltd purchased a new stake in Amazon.com during the 2nd quarter worth approximately $243,000. First Financial Corp IN grew its position in Amazon.com by 14.4% during the 2nd quarter. First Financial Corp IN now owns 398 shares of the e-commerce giant’s stock worth $385,000 after purchasing an additional 50 shares during the last quarter. Finally, Leavell Investment Management Inc. boosted its holdings in shares of Amazon.com by 0.3% in the 2nd quarter. Leavell Investment Management Inc. now owns 394 shares of the e-commerce giant’s stock valued at $381,000 after acquiring an additional 1 shares during the last quarter. Hedge funds and other institutional investors own 59.80% of the company’s stock.

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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 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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