Amazon.com’s (AMZN) “Buy” Rating Reaffirmed at Barclays

Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating restated by Barclays in a research note issued on Tuesday.

AMZN has been the subject of several other research reports. Piper Jaffray Companies restated an “overweight” rating and set a $2,100.00 price objective (up previously from $2,075.00) on shares of Amazon.com in a report on Friday, July 27th. Macquarie restated a “buy” rating on shares of Amazon.com in a report on Wednesday, August 15th. Jefferies Financial Group restated a “buy” rating on shares of Amazon.com in a report on Thursday, August 23rd. Canaccord Genuity restated a “buy” rating and set a $2,000.00 price objective (up previously from $1,800.00) on shares of Amazon.com in a report on Thursday, July 12th. Finally, BidaskClub upgraded Amazon.com from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 17th. Two equities research analysts have rated the stock with a hold rating and fifty have assigned a buy rating to the company’s stock. Amazon.com presently has an average rating of “Buy” and an average target price of $1,976.73.

AMZN stock traded up $10.26 during mid-day trading on Tuesday, reaching $1,949.27. The company’s stock had a trading volume of 56,460 shares, compared to its average volume of 4,584,889. The company has a market cap of $952.10 billion, a P/E ratio of 427.13, a PEG ratio of 4.07 and a beta of 1.60. Amazon.com has a 12 month low of $931.75 and a 12 month high of $2,050.50. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.78 and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 26th. The e-commerce giant reported $5.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $2.58. The firm had revenue of $52.89 billion during the quarter, compared to the consensus estimate of $53.37 billion. Amazon.com had a return on equity of 18.47% and a net margin of 3.02%. The company’s quarterly revenue was up 39.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 earnings per share. research analysts predict that Amazon.com will post 17.78 earnings per share for the current year.

In related news, Director Thomas O. Ryder sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $1,783.81, for a total transaction of $8,919,050.00. Following the sale, the director now directly owns 10,752 shares in the company, valued at approximately $19,179,525.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $2,004.25, for a total value of $4,008,500.00. Following the sale, the chief executive officer now owns 10,000 shares in the company, valued at $20,042,500. The disclosure for this sale can be found here. Insiders have sold a total of 23,308 shares of company stock worth $43,942,058 in the last ninety days. Insiders own 16.30% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Bartlett & Co. LLC increased its position in shares of Amazon.com by 7.1% during the 3rd quarter. Bartlett & Co. LLC now owns 120 shares of the e-commerce giant’s stock valued at $100,000 after purchasing an additional 8 shares during the last quarter. Guidant Wealth Advisors increased its position in shares of Amazon.com by 657.4% during the 2nd quarter. Guidant Wealth Advisors now owns 409 shares of the e-commerce giant’s stock valued at $100,000 after purchasing an additional 355 shares during the last quarter. OLD Second National Bank of Aurora increased its position 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 valued at $102,000 after purchasing an additional 15 shares during the last quarter. Pathstone Family Office LLC increased its position in shares of Amazon.com by 92.1% during the 2nd quarter. Pathstone Family Office LLC now owns 146 shares of the e-commerce giant’s stock valued at $105,000 after purchasing an additional 70 shares during the last quarter. Finally, Whitnell & Co. increased 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 purchasing an additional 93 shares during the last quarter. Institutional investors own 57.41% of the company’s stock.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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