Amazon.com, Inc. (AMZN) Downgraded to Buy at Vetr Inc.
Vetr downgraded shares of Amazon.com, Inc. (NASDAQ:AMZN) from a strong-buy rating to a buy rating in a research note released on Monday, July 10th. They currently have $1,105.24 price target on the e-commerce giant’s stock.
A number of other equities research analysts also recently weighed in on AMZN. UBS AG downgraded shares of Amazon.com from an outperform rating to a market perform rating in a research report on Tuesday, April 25th. MKM Partners restated a buy rating on shares of Amazon.com in a research report on Thursday, March 30th. Nomura restated a buy rating on shares of Amazon.com in a research report on Thursday, June 15th. Raymond James Financial, Inc. restated a market perform rating and issued a $925.00 target price on shares of Amazon.com in a research report on Tuesday, April 25th. Finally, Jefferies Group LLC restated a buy rating and issued a $1,150.00 target price on shares of Amazon.com in a research report on Friday, June 16th. One analyst has rated the stock with a sell rating, four have given a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Amazon.com presently has an average rating of Buy and a consensus target price of $1,058.27.
Amazon.com (NASDAQ AMZN) opened at 992.27 on Monday. The firm has a market cap of $476.67 billion, a PE ratio of 252.36 and a beta of 1.48. The stock has a 50 day moving average price of $999.29 and a 200 day moving average price of $918.57. Amazon.com has a one year low of $710.10 and a one year high of $1,083.31.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by $1.00. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The business had revenue of $37.96 billion for the quarter, compared to the consensus estimate of $37.18 billion. During the same period in the prior year, the company earned $1.78 EPS. Amazon.com’s quarterly revenue was up 24.8% on a year-over-year basis. Equities research analysts expect that Amazon.com will post $3.84 EPS for the current year.
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In related news, CEO Jeffrey A. Wilke sold 4,000 shares of the company’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $969.73, for a total transaction of $3,878,920.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at $9,697,300. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $949.49, for a total value of $1,898,980.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $9,494,900. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,890 shares of company stock worth $12,699,003. 17.70% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the stock. OLD Second National Bank of Aurora raised its position in shares of 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 worth $102,000 after buying an additional 15 shares during the last quarter. Clear Investment Research LLC raised its stake in Amazon.com by 73,100.0% in the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock valued at $107,000 after buying an additional 731 shares during the last quarter. WealthTrust Arizona LLC raised its stake in Amazon.com by 2.7% in the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after buying an additional 3 shares during the last quarter. Ibex Wealth Advisors bought a new stake in Amazon.com during the fourth quarter valued at about $113,000. Finally, LeJeune Puetz Investment Counsel LLC bought a new stake in Amazon.com during the second quarter valued at about $116,000. 62.17% of the stock is owned by 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.
To view Vetr’s full report, visit Vetr’s official website.
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