Amazon.com Inc. (AMZN) Upgraded to Buy by Vetr Inc.
Vetr upgraded shares of Amazon.com Inc. (NASDAQ:AMZN) from a hold rating to a buy rating in a report published on Thursday. They currently have $880.16 target price on the e-commerce giant’s stock.
A number of other research analysts also recently commented on the stock. JMP Securities reaffirmed a buy rating on shares of Amazon.com in a research report on Sunday, July 17th. Bank of America Corp. reaffirmed a buy rating and set a $840.00 price objective on shares of Amazon.com in a research report on Sunday, July 17th. Deutsche Bank AG reaffirmed a buy rating and set a $900.00 price objective on shares of Amazon.com in a research report on Sunday, July 10th. Zacks Investment Research downgraded shares of Amazon.com from a buy rating to a hold rating in a research report on Wednesday, July 13th. Finally, William Blair reissued an outperform rating on shares of Amazon.com in a research report on Friday, July 29th. Five research analysts have rated the stock with a hold rating, forty-six have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $891.31.
Amazon.com (NASDAQ:AMZN) traded down 0.088% during midday trading on Thursday, reaching $840.916. 1,457,478 shares of the company traded hands. The stock has a market capitalization of $398.66 billion, a price-to-earnings ratio of 209.131 and a beta of 1.20. The firm has a 50 day moving average of $787.49 and a 200-day moving average of $716.23. Amazon.com has a 12 month low of $474.00 and a 12 month high of $847.21.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.67. Amazon.com had a net margin of 1.60% and a return on equity of 13.52%. The business had revenue of $30.40 billion for the quarter, compared to analyst estimates of $29.54 billion. During the same quarter in the previous year, the business earned $0.19 earnings per share. The firm’s revenue was up 31.1% compared to the same quarter last year. Analysts forecast that Amazon.com will post $5.85 EPS for the current fiscal year.
In other news, VP Shelley Reynolds sold 625 shares of the business’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $770.10, for a total transaction of $481,312.50. Following the sale, the vice president now directly owns 6,519 shares in the company, valued at $5,020,281.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David Zapolsky sold 2,019 shares of the business’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $769.67, for a total value of $1,553,963.73. Following the sale, the insider now owns 2,469 shares in the company, valued at $1,900,315.23. The disclosure for this sale can be found here. Insiders own 17.70% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Pathstone Family Office LLC boosted its stake in Amazon.com by 92.1% in the second quarter. Pathstone Family Office LLC now owns 146 shares of the e-commerce giant’s stock valued at $105,000 after buying an additional 70 shares during the period. Kistler Tiffany Companies LLC boosted its stake in Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock valued at $108,000 after buying an additional 136 shares during the period. Kings Point Capital Management purchased a new stake in Amazon.com during the second quarter valued at $109,000. Krilogy Financial LLC boosted its stake in Amazon.com by 157.1% in the second quarter. Krilogy Financial LLC now owns 198 shares of the e-commerce giant’s stock valued at $142,000 after buying an additional 121 shares during the period. Finally, West Oak Capital LLC boosted its stake in shares of Amazon.com by 105.7% in the second quarter. West Oak Capital LLC now owns 216 shares of the e-commerce giant’s stock valued at $155,000 after buying an additional 111 shares during the last quarter. Institutional investors own 65.44% of the company’s stock.
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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