Amazon.com’s (AMZN) Buy Rating Reaffirmed at UBS AG
Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating reaffirmed by UBS AG in a research note issued to investors on Saturday. They currently have a $1,200.00 target price on the e-commerce giant’s stock. UBS AG’s target price points to a potential upside of 21.61% from the company’s current price.
A number of other analysts have also weighed in on the stock. Loop Capital assumed coverage on shares of Amazon.com in a research note on Tuesday. They issued a “buy” rating and a $1,200.00 price objective on the stock. Barclays PLC reiterated an “overweight” rating and issued a $1,150.00 price objective on shares of Amazon.com in a research note on Tuesday. Royal Bank Of Canada set a $1,100.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a research note on Monday, September 11th. MKM Partners reiterated a “buy” rating and issued a $1,275.00 price objective on shares of Amazon.com in a research note on Thursday, September 7th. Finally, DA Davidson assumed coverage on shares of Amazon.com in a research note on Wednesday, September 6th. They issued a “buy” rating and a $1,300.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-six have issued a buy rating and two have assigned a strong buy rating to the company. Amazon.com has an average rating of “Buy” and an average target price of $1,094.66.
Amazon.com (NASDAQ:AMZN) opened at 986.79 on Friday. The stock has a market cap of $474.03 billion, a PE ratio of 250.96 and a beta of 1.47. The stock’s 50 day moving average is $975.62 and its 200 day moving average is $949.38. Amazon.com has a 52 week low of $710.10 and a 52 week high of $1,083.31.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($1.00). The business had revenue of $37.96 billion during the quarter, compared to analyst estimates 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 was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.78 EPS. Analysts predict that Amazon.com will post $3.89 EPS for the current year.
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In other news, CEO Jeffrey A. Wilke sold 2,800 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $955.20, for a total transaction of $2,674,560.00. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $9,552,000. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Brian T. Olsavsky sold 2,334 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $988.90, for a total transaction of $2,308,092.60. Following the transaction, the insider now directly owns 1,748 shares in the company, valued at $1,728,597.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,793 shares of company stock worth $9,574,377. Corporate insiders own 17.70% of the company’s stock.
Several large investors have recently bought and sold shares of AMZN. OLD Second National Bank of Aurora grew its stake in shares of Amazon.com by 15.0% during the 1st quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock worth $102,000 after purchasing an additional 15 shares during the period. Vestor Capital LLC grew its stake in shares of Amazon.com by 10.1% during the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after purchasing an additional 10 shares during the period. Clear Investment Research LLC grew its stake in shares of Amazon.com by 73,100.0% during the 2nd quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock worth $107,000 after purchasing an additional 731 shares during the period. WealthTrust Arizona LLC grew its stake in shares of Amazon.com by 2.7% during the 2nd quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock worth $110,000 after purchasing an additional 3 shares during the period. Finally, LeJeune Puetz Investment Counsel LLC acquired a new position in shares of Amazon.com during the 2nd quarter worth $116,000. 60.80% of the stock is currently owned by institutional investors and hedge funds.
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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