Loop Capital Reaffirms “Buy” Rating for Amazon.com, Inc. (AMZN)
Loop Capital restated their buy rating on shares of Amazon.com, Inc. (NASDAQ:AMZN) in a research report report published on Monday. The brokerage currently has a $1,200.00 price objective on the e-commerce giant’s stock.
A number of other equities research analysts have also recently commented on AMZN. Deutsche Bank AG restated a buy rating on shares of Amazon.com in a research note on Monday, June 12th. Piper Jaffray Companies raised their target price on shares of Amazon.com from $1,050.00 to $1,200.00 and gave the stock an overweight rating in a research note on Monday, June 12th. Vetr upgraded shares of Amazon.com from a hold rating to a buy rating and set a $1,023.89 target price on the stock in a research note on Monday, June 12th. BidaskClub cut shares of Amazon.com from a strong-buy rating to a buy rating in a research note on Tuesday, June 13th. Finally, Nomura restated a buy rating on shares of Amazon.com in a research note on Thursday, June 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $1,109.80.
Shares of Amazon.com (NASDAQ:AMZN) opened at 965.45 on Monday. The company’s 50-day moving average is $965.23 and its 200-day moving average is $960.20. Amazon.com has a 12-month low of $710.10 and a 12-month high of $1,083.31. The company has a market cap of $463.78 billion, a price-to-earnings ratio of 245.54 and a beta of 1.47.
Amazon.com (NASDAQ:AMZN) last posted 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 return on equity of 9.38% and a net margin of 1.28%. The business had revenue of $37.96 billion during the quarter, compared to analysts’ expectations of $37.18 billion. During the same period in the previous year, the business posted $1.78 EPS. The business’s quarterly revenue was up 24.8% compared to the same quarter last year. Equities research analysts predict that Amazon.com will post $3.66 earnings per share for the current year.
In other news, 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 value of $2,308,092.60. Following the sale, the insider now directly owns 1,748 shares in the company, valued at $1,728,597.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $2,674,560.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at $9,552,000. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,083 shares of company stock worth $8,874,850. 17.70% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of AMZN. Meritage Portfolio Management lifted its position in shares of Amazon.com by 21.6% in the first quarter. Meritage Portfolio Management now owns 24,546 shares of the e-commerce giant’s stock valued at $21,761,000 after acquiring an additional 4,368 shares in the last quarter. Barometer Capital Management Inc. purchased a new stake in shares of Amazon.com in the first quarter valued at $1,418,000. Trust Department MB Financial Bank N A lifted its position in shares of Amazon.com by 5.4% in the first quarter. Trust Department MB Financial Bank N A now owns 15,210 shares of the e-commerce giant’s stock valued at $13,485,000 after acquiring an additional 779 shares in the last quarter. Feltz Wealth PLAN Inc. purchased a new stake in shares of Amazon.com in the first quarter valued at $180,000. Finally, Alta Capital Management LLC lifted its position in shares of Amazon.com by 7.5% in the first quarter. Alta Capital Management LLC now owns 929 shares of the e-commerce giant’s stock valued at $823,000 after acquiring an additional 65 shares in the last quarter. Institutional investors and hedge funds own 60.77% 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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