Amazon.com Inc. (AMZN) Earns Overweight Rating from Piper Jaffray Cos.
Amazon.com Inc. (NASDAQ:AMZN)‘s stock had its “overweight” rating reiterated by investment analysts at Piper Jaffray Cos. in a note issued to investors on Tuesday. They currently have a $900.00 price objective on the e-commerce giant’s stock. Piper Jaffray Cos.’s target price points to a potential upside of 17.31% from the company’s previous close.
Several other equities analysts have also recently issued reports on AMZN. Pacific Crest boosted their target price on Amazon.com from $820.00 to $847.00 and gave the stock an “overweight” rating in a research report on Monday, August 1st. Cantor Fitzgerald set a $835.00 price target on Amazon.com and gave the stock a “buy” rating in a report on Monday, August 1st. Argus restated a “hold” rating on shares of Amazon.com in a report on Monday, August 1st. MKM Partners upped their price target on Amazon.com from $850.00 to $995.00 and gave the stock a “buy” rating in a report on Tuesday, August 2nd. Finally, Vetr upgraded Amazon.com from a “hold” rating to a “buy” rating and set a $800.28 price target on the stock in a report on Tuesday, August 2nd. Six equities research analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $911.75.
Shares of Amazon.com (NASDAQ:AMZN) traded down 0.33% during trading on Tuesday, reaching $764.23. The company had a trading volume of 2,222,069 shares. The firm’s 50 day moving average price is $789.54 and its 200 day moving average price is $761.26. Amazon.com has a 12 month low of $474.00 and a 12 month high of $847.21. The firm has a market capitalization of $363.14 billion, a P/E ratio of 175.08 and a beta of 1.51.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 27th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by $0.28. Amazon.com had a return on equity of 13.47% and a net margin of 1.64%. The business had revenue of $32.71 billion for the quarter, compared to analyst estimates of $32.69 billion. During the same quarter in the previous year, the firm posted $0.17 EPS. The business’s revenue for the quarter was up 29.0% on a year-over-year basis. Equities analysts predict that Amazon.com will post $4.78 EPS for the current year.
In related news, CEO Andrew R. Jassy sold 14,000 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now owns 68,141 shares of the company’s stock, valued at $54,512,800. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 17.70% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bartlett & Co. LLC boosted its stake in shares of Amazon.com by 7.1% in the third quarter. Bartlett & Co. LLC now owns 120 shares of the e-commerce giant’s stock worth $100,000 after buying an additional 8 shares in the last quarter. Pathstone Family Office LLC boosted 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 worth $105,000 after buying an additional 70 shares in the last quarter. Kistler Tiffany Companies LLC boosted 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 worth $108,000 after buying an additional 136 shares in the last quarter. Kings Point Capital Management purchased a new stake in shares of Amazon.com during the second quarter worth approximately $109,000. Finally, D. Scott Neal Inc. boosted 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 worth $130,000 after buying an additional 150 shares in the last quarter. 64.77% of the stock is 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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