Wedbush Reiterates Outperform Rating for Amazon.com Inc. (AMZN)
Amazon.com Inc. (NASDAQ:AMZN)‘s stock had its “outperform” rating reiterated by stock analysts at Wedbush in a research report issued to clients and investors on Friday.
AMZN has been the topic of several other research reports. Goldman Sachs Group Inc. restated a “buy” rating and set a $920.00 target price on shares of Amazon.com in a research report on Thursday, September 8th. Mizuho increased their target price on Amazon.com from $855.00 to $950.00 and gave the stock a “buy” rating in a research report on Friday, September 23rd. Evercore ISI reaffirmed a “buy” rating and issued a $1,015.00 price target (up previously from $930.00) on shares of Amazon.com in a report on Friday, September 16th. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $900.00 price target on shares of Amazon.com in a report on Wednesday, September 7th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $925.00 price target on shares of Amazon.com in a report on Friday, September 9th. Seven equities research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the stock. Amazon.com currently has an average rating of “Buy” and a consensus target price of $885.11.
Shares of Amazon.com (NASDAQ:AMZN) opened at 836.74 on Friday. Amazon.com has a 12-month low of $474.00 and a 12-month high of $839.95. The company’s 50 day moving average price is $781.12 and its 200 day moving average price is $712.35. The firm has a market cap of $396.68 billion, a P/E ratio of 208.09 and a beta of 1.19.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.67. The firm had revenue of $30.40 billion for the quarter, compared to the consensus estimate of $29.54 billion. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. The business’s quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.19 earnings per share. Equities research analysts forecast that Amazon.com will post $5.82 EPS for the current year.
In other Amazon.com news, VP Shelley Reynolds sold 625 shares of Amazon.com stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $770.10, for a total value of $481,312.50. Following the completion of the sale, the vice president now owns 6,519 shares of the company’s stock, valued at approximately $5,020,281.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 2,305 shares of Amazon.com stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $769.75, for a total transaction of $1,774,273.75. Following the completion of the sale, the chief executive officer now directly owns 84,446 shares of the company’s stock, valued at approximately $65,002,308.50. The disclosure for this sale can be found here. Corporate insiders own 17.70% of the company’s stock.
A number of large investors have recently bought and sold shares of AMZN. Wilbanks Smith & Thomas Asset Management LLC increased its stake in Amazon.com by 11.0% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 911 shares of the e-commerce giant’s stock worth $541,000 after buying an additional 90 shares during the period. IMS Capital Management increased its stake in Amazon.com by 1.0% in the first quarter. IMS Capital Management now owns 2,488 shares of the e-commerce giant’s stock worth $1,477,000 after buying an additional 24 shares during the period. Douglas Lane & Associates LLC bought a new stake in Amazon.com during the first quarter worth approximately $681,000. Bellecapital International Ltd. increased its stake in Amazon.com by 15.0% in the first quarter. Bellecapital International Ltd. now owns 3,331 shares of the e-commerce giant’s stock worth $1,912,000 after buying an additional 434 shares during the period. Finally, First Manhattan Co. increased its stake in Amazon.com by 1.2% in the first quarter. First Manhattan Co. now owns 2,934 shares of the e-commerce giant’s stock worth $1,741,000 after buying an additional 36 shares during the period. 65.44% of the stock is owned by institutional investors and hedge funds.
Amazon.com Company Profile
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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