Amazon.com’s (AMZN) Outperform Rating Reaffirmed at Robert W. Baird
Robert W. Baird restated their outperform rating on shares of Amazon.com Inc. (NASDAQ:AMZN) in a research note published on Wednesday morning. They currently have a $850.00 price objective on the e-commerce giant’s stock.
AMZN has been the topic of several other reports. Goldman Sachs Group Inc. reaffirmed a buy rating and set a $920.00 target price on shares of Amazon.com in a report on Thursday, September 8th. Mizuho raised their target price on Amazon.com from $855.00 to $950.00 and gave the stock a buy rating in a report on Friday, September 23rd. Evercore ISI reaffirmed a buy rating and set a $1,015.00 target price (up from $930.00) on shares of Amazon.com in a report on Friday, September 16th. Vetr raised Amazon.com from a hold rating to a buy rating and set a $880.16 target price on the stock in a report on Thursday, October 6th. Finally, Piper Jaffray Cos. reaffirmed an overweight rating and set a $900.00 target price on shares of Amazon.com in a report on Wednesday, September 7th. Five equities 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 a consensus price target of $891.31.
Amazon.com (NASDAQ:AMZN) traded down 1.10% during mid-day trading on Wednesday, reaching $824.91. The company’s stock had a trading volume of 1,556,393 shares. The company has a market cap of $391.07 billion, a PE ratio of 205.15 and a beta of 1.20. Amazon.com has a 12-month low of $474.00 and a 12-month high of $847.21. The firm’s 50 day moving average is $796.14 and its 200-day moving average is $723.94.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 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 analyst estimates of $29.54 billion. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. Amazon.com’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period last year, the company earned $0.19 earnings per share. Equities analysts anticipate that Amazon.com will post $5.85 earnings per share 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 value of $481,312.50. Following the completion of the sale, the vice president now directly owns 6,519 shares of the company’s stock, valued at approximately $5,020,281.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 14,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 68,141 shares of the company’s stock, valued at $54,512,800. The disclosure for this sale can be found here. 17.70% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Pathstone Family Office LLC increased 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 last quarter. Kistler Tiffany Companies LLC increased 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 last quarter. Kings Point Capital Management purchased a new stake in Amazon.com during the second quarter valued at $109,000. Krilogy Financial LLC increased 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 last quarter. Finally, West Oak Capital LLC increased its stake in 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. 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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