Amazon.com, Inc. (AMZN) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Amazon.com, Inc. (NASDAQ:AMZN) have earned an average recommendation of “Buy” from the fifty-five research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, forty-six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $1,136.02.
A number of equities analysts have recently commented on the company. Barclays PLC lifted their price objective on Amazon.com from $1,120.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Friday, July 28th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $1,275.00 target price on shares of Amazon.com in a research report on Friday, July 28th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Amazon.com in a report on Friday, July 28th. Stifel Nicolaus reaffirmed a “buy” rating and set a $1,100.00 price objective (up from $1,075.00) on shares of Amazon.com in a report on Friday, July 28th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Amazon.com in a report on Friday, July 28th.
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Shares of Amazon.com (NASDAQ:AMZN) opened at 977.96 on Tuesday. Amazon.com has a 52 week low of $710.10 and a 52 week high of $1,083.31. The firm’s 50-day moving average price is $981.92 and its 200 day moving average price is $946.48. The firm has a market capitalization of $469.79 billion, a price-to-earnings ratio of 248.72 and a beta of 1.47.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) 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 firm had revenue of $37.96 billion for the quarter, compared to analyst estimates of $37.18 billion. During the same period in the previous year, the business posted $1.78 EPS. Amazon.com’s revenue for the quarter was up 24.8% on a year-over-year basis. On average, analysts anticipate that Amazon.com will post $3.99 EPS for the current year.
In related news, CEO Jeffrey A. Wilke sold 710 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $987.39, for a total transaction of $701,046.90. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $9,873,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 544 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $986.52, for a total value of $536,666.88. Following the transaction, the vice president now owns 6,533 shares of the company’s stock, valued at $6,444,935.16. The disclosure for this sale can be found here. Insiders have sold a total of 9,793 shares of company stock valued at $9,574,377 over the last three months. Corporate insiders own 17.70% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Intl Fcstone Inc. purchased a new position in shares of Amazon.com in the 2nd quarter valued at about $1,306,000. Griffin Asset Management Inc. purchased a new stake in Amazon.com during the second quarter worth approximately $716,000. Achmea Investment Management B.V. lifted its stake in Amazon.com by 22.9% during the second quarter. Achmea Investment Management B.V. now owns 15,274 shares of the e-commerce giant’s stock worth $14,782,000 after purchasing an additional 2,847 shares during the last quarter. United Bank VA purchased a new stake in Amazon.com during the second quarter worth approximately $213,000. Finally, Paradigm Financial Advisors LLC lifted its stake in Amazon.com by 5.9% during the second quarter. Paradigm Financial Advisors LLC now owns 357 shares of the e-commerce giant’s stock worth $346,000 after purchasing an additional 20 shares during the last quarter. Institutional investors and hedge funds own 60.80% 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 Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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