Amazon.com Inc. (AMZN) Now Covered by Analysts at Guggenheim
Equities research analysts at Guggenheim began coverage on shares of Amazon.com Inc. (NASDAQ:AMZN) in a research note issued to investors on Friday. The firm set a “buy” rating on the e-commerce giant’s stock.
Several other research analysts also recently issued reports on AMZN. Vetr downgraded Amazon.com from a “hold” rating to a “sell” rating and set a $699.82 price objective for the company. in a research report on Thursday, June 2nd. Sanford C. Bernstein restated a “buy” rating on shares of Amazon.com in a research report on Thursday, June 2nd. Robert W. Baird restated an “outperform” rating and set a $780.00 price objective on shares of Amazon.com in a research report on Friday, June 3rd. Cantor Fitzgerald restated a “buy” rating on shares of Amazon.com in a research report on Saturday, June 4th. Finally, Jefferies Group restated a “buy” rating on shares of Amazon.com in a research report on Saturday, June 4th. Six investment analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $881.13.
Amazon.com (NASDAQ:AMZN) opened at 829.05 on Friday. Amazon.com has a 52-week low of $474.00 and a 52-week high of $837.50. The stock’s 50 day moving average price is $777.40 and its 200 day moving average price is $706.53. The stock has a market capitalization of $393.03 billion, a price-to-earnings ratio of 206.18 and a beta of 1.11.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.67. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. The firm earned $30.40 billion during the quarter, compared to the consensus estimate of $29.54 billion. During the same period in the previous year, the firm posted $0.19 EPS. The company’s quarterly revenue was up 31.1% compared to the same quarter last year. On average, analysts forecast that Amazon.com will post $5.82 EPS for the current year.
In other news, CEO Andrew R. Jassy sold 14,000 shares of the business’s stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $800.00, for a total value of $11,200,000.00. Following the sale, the chief executive officer now owns 68,141 shares of the company’s stock, valued at $54,512,800. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 625 shares of the business’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $770.10, for a total transaction of $481,312.50. Following the completion of the sale, the vice president now directly owns 6,519 shares in the company, valued at approximately $5,020,281.90. The disclosure for this sale can be found here. 17.70% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Amazon.com by 4.8% in the second quarter. Vanguard Group Inc. now owns 23,795,875 shares of the e-commerce giant’s stock worth $17,028,804,000 after buying an additional 1,082,051 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of Amazon.com during the second quarter worth approximately $479,380,000. Societe Generale acquired a new stake in shares of Amazon.com during the second quarter worth approximately $391,842,000. Bank of Montreal Can acquired a new stake in shares of Amazon.com during the second quarter worth approximately $341,933,000. Finally, Point72 Asset Management L.P. raised its stake in shares of Amazon.com by 224.2% in the second quarter. Point72 Asset Management L.P. now owns 666,620 shares of the e-commerce giant’s stock worth $477,047,000 after buying an additional 461,020 shares in the last quarter. 65.44% of the stock is currently owned by institutional investors and hedge funds.
Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).
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