Amazon.com’s (AMZN) “Overweight” Rating Reiterated at Barclays PLC
Barclays PLC reiterated their overweight rating on shares of Amazon.com, Inc. (NASDAQ:AMZN) in a research note released on Tuesday. The brokerage currently has a $1,120.00 price objective on the e-commerce giant’s stock.
A number of other research firms have also recently commented on AMZN. Robert W. Baird reiterated an outperform rating and set a $850.00 price objective on shares of Amazon.com in a research report on Thursday, April 6th. Vetr upgraded Amazon.com from a sell rating to a hold rating and set a $882.95 price objective for the company in a research report on Tuesday, April 4th. Cantor Fitzgerald reiterated an overweight rating on shares of Amazon.com in a research report on Monday, April 10th. Piper Jaffray Companies reduced their price objective on Amazon.com from $1,000.00 to $900.00 and set an overweight rating for the company in a research report on Tuesday, April 11th. Finally, Cowen and Company reiterated an outperform rating and set a $1,050.00 price objective on shares of Amazon.com in a research report on Monday, April 10th. Five research analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the stock. Amazon.com presently has an average rating of Buy and an average price target of $961.29.
Shares of Amazon.com (NASDAQ:AMZN) opened at 902.06 on Tuesday. The company has a 50-day moving average price of $871.22 and a 200-day moving average price of $817.02. Amazon.com has a 52-week low of $599.20 and a 52-week high of $923.72. The stock has a market capitalization of $430.44 billion, a price-to-earnings ratio of 184.09 and a beta of 1.40.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. The company earned $43.74 billion during the quarter, compared to analysts’ expectations of $44.66 billion. Amazon.com had a return on equity of 13.87% and a net margin of 1.74%. Amazon.com’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.00 earnings per share. On average, equities analysts anticipate that Amazon.com will post $7.24 earnings per share for the current year.
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In other Amazon.com news, Director Tom A. Alberg sold 590 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $850.00, for a total value of $501,500.00. Following the completion of the sale, the director now directly owns 22,525 shares of the company’s stock, valued at approximately $19,146,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David Zapolsky sold 503 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total transaction of $427,550.00. Following the completion of the sale, the insider now directly owns 2,523 shares of the company’s stock, valued at $2,144,550. The disclosure for this sale can be found here. 17.70% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the company. Bartlett & Co. LLC boosted its stake 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. OLD Second National Bank of Aurora boosted its stake in Amazon.com by 15.0% in the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock valued at $102,000 after buying an additional 15 shares during the last quarter. Ibex Wealth Advisors purchased a new stake in Amazon.com during the fourth quarter valued at approximately $113,000. Empirical Finance LLC purchased a new stake in Amazon.com during the fourth quarter valued at approximately $152,000. Finally, D Orazio & Associates Inc. boosted its stake in Amazon.com by 8.0% in the fourth quarter. D Orazio & Associates Inc. now owns 215 shares of the e-commerce giant’s stock valued at $161,000 after buying an additional 16 shares during the last quarter. 65.08% of the stock is owned by hedge funds and other institutional investors.
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
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