Amazon.com Inc. (AMZN) Stock Rating Reaffirmed by RBC Capital Markets
Amazon.com Inc. (NASDAQ:AMZN)‘s stock had its “outperform” rating restated by equities research analysts at RBC Capital Markets in a note issued to investors on Saturday. They presently have a $1,000.00 price objective on the e-commerce giant’s stock. RBC Capital Markets’ price objective points to a potential upside of 21.50% from the company’s current price.
A number of other research analysts have also recently issued reports on AMZN. KeyCorp reissued a “buy” rating on shares of Amazon.com in a research note on Friday, June 17th. Vetr raised shares of Amazon.com from a “hold” rating to a “buy” rating and set a $744.13 price objective on the stock in a research note on Monday, June 20th. Sanford C. Bernstein reissued an “outperform” rating and issued a $1,000.00 price objective on shares of Amazon.com in a research note on Wednesday, June 22nd. Maxim Group began coverage on shares of Amazon.com in a research report on Wednesday, June 22nd. They issued a “buy” rating and a $825.00 target price on the stock. Finally, JMP Securities restated a “market perform” rating and issued a $775.00 target price on shares of Amazon.com in a research report on Thursday, June 23rd. Five investment analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $894.98.
Shares of Amazon.com (NASDAQ:AMZN) opened at 822.96 on Friday. Amazon.com has a 52-week low of $474.00 and a 52-week high of $847.21. The company has a 50 day moving average of $800.02 and a 200-day moving average of $726.41. The company has a market cap of $390.14 billion, a PE ratio of 204.67 and a beta of 1.20.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.67. The business had revenue of $30.40 billion for the quarter, compared to analysts’ expectations of $29.54 billion. Amazon.com had a net margin of 1.60% and a return on equity of 13.52%. The firm’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same period last year, the firm posted $0.19 earnings per share. Analysts forecast that Amazon.com will post $5.85 EPS for the current fiscal year.
In related news, CEO Jeffrey P. Bezos sold 1,000,000 shares of the business’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $756.74, for a total value of $756,740,000.00. Following the sale, the chief executive officer now owns 81,871,067 shares in the company, valued at $61,955,111,241.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 2,305 shares of the business’s stock in a transaction 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 owns 84,446 shares in the company, valued at approximately $65,002,308.50. The disclosure for this sale can be found here. 17.70% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the company. A.R. Schmeidler & Co. Inc. boosted its stake in shares of Amazon.com by 37.7% in the first quarter. A.R. Schmeidler & Co. Inc. now owns 18,280 shares of the e-commerce giant’s stock valued at $10,852,000 after buying an additional 5,004 shares in the last quarter. Menta Capital LLC boosted its stake in shares of Amazon.com by 96.0% in the first quarter. Menta Capital LLC now owns 690 shares of the e-commerce giant’s stock valued at $410,000 after buying an additional 338 shares in the last quarter. Monetary Management Group Inc. boosted its stake in shares of Amazon.com by 1.0% in the first quarter. Monetary Management Group Inc. now owns 4,850 shares of the e-commerce giant’s stock valued at $2,879,000 after buying an additional 50 shares in the last quarter. NN Investment Partners Holdings N.V. acquired a new stake in shares of Amazon.com during the first quarter valued at $96,403,000. Finally, Peapack Gladstone Financial Corp boosted its stake in shares of Amazon.com by 0.8% in the first quarter. Peapack Gladstone Financial Corp now owns 6,829 shares of the e-commerce giant’s stock valued at $4,054,000 after buying an additional 53 shares in the last quarter. 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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