Amazon.com Inc. (AMZN) Given “Outperform” Rating at William Blair
William Blair reiterated their outperform rating on shares of Amazon.com Inc. (NASDAQ:AMZN) in a research note released on Wednesday. They currently have a $719.07 target price on the e-commerce giant’s stock.
Several other equities analysts have also recently commented on the stock. Morgan Stanley raised their price target on shares of Amazon.com from $800.00 to $950.00 and gave the company an overweight rating in a research report on Wednesday, October 5th. Royal Bank Of Canada decreased their price objective on shares of Amazon.com from $1,000.00 to $840.00 and set an outperform rating for the company in a research report on Friday, September 16th. Cowen and Company reaffirmed an outperform rating and set a $960.00 price objective on shares of Amazon.com in a research report on Wednesday, October 12th. Robert W. Baird reaffirmed a buy rating and set a $850.00 price objective on shares of Amazon.com in a research report on Friday, October 28th. Finally, Guggenheim reaffirmed a buy rating and set a $950.00 price objective on shares of Amazon.com in a research report on Friday, October 28th. Six investment analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. Amazon.com currently has a consensus rating of Buy and an average target price of $912.64.
Shares of Amazon.com (NASDAQ:AMZN) traded up 1.39% during mid-day trading on Wednesday, hitting $756.90. The company had a trading volume of 2,195,968 shares. The firm has a market capitalization of $359653.91 billion, a price-to-earnings ratio of 173.20 and a beta of 1.51. The firm has a 50-day moving average price of $803.22 and a 200 day moving average price of $755.84. Amazon.com has a 52-week low of $474.00 and a 52-week high of $847.21.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.80 by $0.28. The company earned $32.71 billion during the quarter, compared to analysts’ expectations of $32.69 billion. Amazon.com had a net margin of 1.64% and a return on equity of 13.47%. The company’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.17 earnings per share. Analysts expect that Amazon.com will post $4.75 earnings per share for the current year.
In other Amazon.com news, CEO Andrew R. Jassy sold 14,000 shares of the company’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $800.00, for a total transaction of $11,200,000.00. Following the completion of the sale, the chief executive officer now owns 68,141 shares in the company, valued at $54,512,800. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 17.70% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of AMZN. Bartlett & Co. LLC increased its position in Amazon.com by 7.1% in the third quarter. Bartlett & Co. LLC now owns 120 shares of the e-commerce giant’s stock valued at $100,000 after buying an additional 8 shares during the last quarter. Pathstone Family Office LLC increased its stake 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 valued at $105,000 after buying an additional 70 shares in the last quarter. Kistler Tiffany Companies LLC increased its stake 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 valued at $108,000 after buying an additional 136 shares in the last quarter. Kings Point Capital Management bought a new stake in shares of Amazon.com during the second quarter valued at $109,000. Finally, D. Scott Neal Inc. increased its stake in shares of Amazon.com by 3,000.0% in the third quarter. D. Scott Neal Inc. now owns 155 shares of the e-commerce giant’s stock valued at $130,000 after buying an additional 150 shares in the last quarter. 65.62% of the stock is currently owned by institutional investors and hedge funds.
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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