Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Amazon.com (AMZN) Share Price
Press coverage about Amazon.com (NASDAQ:AMZN) has trended somewhat positive on Saturday, according to Accern. Accern rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Amazon.com earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news articles about the e-commerce giant an impact score of 43.8145633802669 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Amazon.com, Inc. (AMZN) Faces Big Sales Tax Fight In SC (fishinghd.com)
- A Nation of Broke People Are Killing Retail More Than Amazon: Top Expert (finance.yahoo.com)
- Apple, Amazon, Tesla And The Changing Dynamics Of The Car Industry (finance.yahoo.com)
- What’s Trending In Emerging Tech: 4K TVs, Smart Speakers Smash Hits; Wearables Struggle (finance.yahoo.com)
- Here's What Investors Need to Know Before Buying Tech Stocks (finance.yahoo.com)
Amazon.com (NASDAQ:AMZN) traded down 0.22% during midday trading on Friday, reaching $958.47. The company’s stock had a trading volume of 3,284,821 shares. Amazon.com has a one year low of $710.10 and a one year high of $1,083.31. The firm has a market cap of $460.43 billion, a P/E ratio of 243.76 and a beta of 1.48. The firm has a 50 day moving average price of $995.90 and a 200 day moving average price of $931.08.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the consensus estimate of $1.40 by $1.00. The company had revenue of $37.96 billion during the quarter, compared to analysts’ expectations of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.78 EPS. Equities research analysts forecast that Amazon.com will post $3.83 EPS for the current fiscal year.
A number of analysts have recently issued reports on AMZN shares. Instinet cut their price objective on Amazon.com from $1,100.00 to $975.00 and set a “buy” rating for the company in a research report on Friday, June 16th. Loop Capital reaffirmed a “buy” rating on shares of Amazon.com in a research report on Thursday, June 8th. Vetr cut Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,132.46 price objective for the company. in a research report on Tuesday, July 18th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $970.00 price objective on shares of Amazon.com in a research report on Friday, April 28th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Amazon.com in a research report on Tuesday, May 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, forty-four have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $1,078.80.
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In other Amazon.com news, CEO Jeffrey A. Wilke sold 4,000 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $969.73, for a total value of $3,878,920.00. Following the sale, the chief executive officer now owns 10,000 shares in the company, valued at approximately $9,697,300. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 1,985 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $986.12, for a total transaction of $1,957,448.20. Following the completion of the sale, the chief executive officer now owns 81,479 shares in the company, valued at approximately $80,348,071.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,463 shares of company stock worth $16,299,266. Corporate insiders own 17.70% of the company’s stock.
Amazon.com Company Profile
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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