Amazon.com Inc. (AMZN) Receives Buy Rating from Mizuho
A number of other brokerages have also recently weighed in on AMZN. Needham & Company LLC reiterated a hold rating on shares of Amazon.com in a research report on Monday, June 27th. Wedbush reiterated an outperform rating and set a $900.00 price target on shares of Amazon.com in a research report on Friday, September 30th. Piper Jaffray Cos. reiterated a buy rating and set a $800.00 price target on shares of Amazon.com in a research report on Sunday, July 31st. Pacific Crest reiterated a buy rating and set a $820.00 price target on shares of Amazon.com in a research report on Friday, July 15th. Finally, Bank of America Corp. reissued a buy rating and issued a $840.00 price objective on shares of Amazon.com in a research note on Sunday, July 17th. 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’s stock. The stock has a consensus rating of Buy and an average price target of $894.98.
Amazon.com (NASDAQ:AMZN) traded down 0.12% on Thursday, hitting $828.32. 1,123,463 shares of the company traded hands. Amazon.com has a 12 month low of $474.00 and a 12 month high of $847.21. The stock’s 50-day moving average is $798.20 and its 200 day moving average is $724.68. The firm has a market capitalization of $392.68 billion, a P/E ratio of 206.00 and a beta of 1.20.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates 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 earned $30.40 billion during the quarter, compared to analysts’ expectations of $29.54 billion. During the same period last year, the business earned $0.19 earnings per share. The business’s revenue for the quarter was up 31.1% on a year-over-year basis. Equities analysts forecast that Amazon.com will post $5.85 EPS for the current fiscal year.
In other news, insider Jeffrey M. Blackburn sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $760.98, for a total transaction of $7,609,800.00. Following the transaction, the insider now owns 55,887 shares in the company, valued at $42,528,889.26. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $756.74, for a total value of $756,740,000.00. Following the transaction, the chief executive officer now owns 81,871,067 shares in the company, valued at approximately $61,955,111,241.58. The disclosure for this sale can be found here. 17.70% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in the company. Pathstone Family Office LLC raised its position in shares of Amazon.com by 92.1% in the second quarter. Pathstone Family Office LLC now owns 146 shares of the e-commerce giant’s stock worth $105,000 after buying an additional 70 shares during the period. Kistler Tiffany Companies LLC raised its position in shares of Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock worth $108,000 after buying an additional 136 shares during the period. Kings Point Capital Management purchased a new position in shares of Amazon.com during the second quarter worth $109,000. Krilogy Financial LLC raised its position in shares of Amazon.com by 157.1% in the second quarter. Krilogy Financial LLC now owns 198 shares of the e-commerce giant’s stock worth $142,000 after buying an additional 121 shares during the period. Finally, West Oak Capital LLC raised its position 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 worth $155,000 after buying an additional 111 shares during the period. Institutional investors 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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