Amazon.com’s (AMZN) Buy Rating Reaffirmed at Deutsche Bank AG
Deutsche Bank AG restated their buy rating on shares of Amazon.com Inc. (NASDAQ:AMZN) in a report issued on Wednesday morning. They currently have a $985.00 price objective on the e-commerce giant’s stock.
AMZN has been the subject of a number of other research reports. JMP Securities restated a buy rating and set a $775.00 target price on shares of Amazon.com in a research report on Saturday, July 9th. Bank of America Corp. restated a buy rating and set a $840.00 target price on shares of Amazon.com in a research report on Sunday, July 17th. Cantor Fitzgerald restated a buy rating on shares of Amazon.com in a research report on Wednesday. Robert W. Baird restated an outperform rating and set a $850.00 target price on shares of Amazon.com in a research report on Wednesday. Finally, RBC Capital Markets set a $840.00 target price on shares of Amazon.com and gave the stock a buy rating in a research report on Friday, July 29th. Five research analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $891.31.
Amazon.com (NASDAQ:AMZN) traded down 1.4227% during trading on Wednesday, reaching $822.2237. 1,351,659 shares of the company’s stock traded hands. The company has a 50 day moving average price of $796.14 and a 200-day moving average price of $723.94. The company has a market cap of $389.79 billion, a PE ratio of 204.4824 and a beta of 1.20. 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 data on Thursday, July 28th. The e-commerce giant reported $1.78 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 1.60% and a return on equity of 13.52%. The firm’s revenue was up 31.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.19 earnings per share. On average, equities research analysts forecast that Amazon.com will post $5.85 EPS for the current fiscal year.
In related news, VP Shelley Reynolds sold 625 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $770.10, for a total value of $481,312.50. Following the sale, the vice president now owns 6,519 shares in the company, valued at approximately $5,020,281.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey M. Blackburn sold 10,000 shares of the stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $760.98, for a total value of $7,609,800.00. Following the completion of the sale, the insider now owns 55,887 shares in the company, valued at approximately $42,528,889.26. The disclosure for this sale can be found here. 17.70% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of AMZN. Vanguard Group Inc. boosted its stake in 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 during the period. Emerald Acquisition Ltd. purchased a new position in shares of Amazon.com during the second quarter worth approximately $479,380,000. Societe Generale purchased a new position in shares of Amazon.com during the second quarter worth approximately $391,842,000. Bank of Montreal Can purchased a new position in shares of Amazon.com during the second quarter worth approximately $341,933,000. Finally, Point72 Asset Management L.P. raised its position 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. Institutional investors and hedge funds own 65.44% of the company’s stock.
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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