Amazon.com’s (AMZN) “Buy” Rating Reiterated at Wells Fargo & Company
Other equities research analysts have also issued research reports about the stock. TheStreet upgraded shares of Amazon.com from a c+ rating to a b- rating in a report on Tuesday, November 7th. Mizuho reiterated a buy rating and issued a $1,250.00 price objective on shares of Amazon.com in a research note on Monday, August 7th. Needham & Company LLC set a $1,150.00 price objective on shares of Amazon.com and gave the company a buy rating in a research note on Friday, August 25th. Independent Research reiterated a buy rating on shares of Amazon.com in a research note on Wednesday, August 23rd. Finally, MKM Partners reiterated a buy rating and issued a $1,275.00 price objective on shares of Amazon.com in a research note on Wednesday, August 30th. Four investment analysts have rated the stock with a hold rating and fifty have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $1,219.02.
Shares of Amazon.com (NASDAQ:AMZN) opened at $1,152.35 on Monday. Amazon.com has a 1-year low of $747.70 and a 1-year high of $1,213.41. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00. The stock has a market cap of $550,090.81, a P/E ratio of 289.74, a PEG ratio of 14.30 and a beta of 1.47.
In related news, CEO Jeffrey P. Bezos sold 391,110 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the completion of the sale, the chief executive officer now directly owns 79,891,433 shares of the company’s stock, valued at approximately $88,162,593,058.49. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Andrew R. Jassy sold 1,985 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $1,125.38, for a total transaction of $2,233,879.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 399,538 shares of company stock valued at $441,142,749. 17.70% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Reinhart Partners Inc. boosted its holdings in Amazon.com by 66.8% in the 1st quarter. Reinhart Partners Inc. now owns 789 shares of the e-commerce giant’s stock valued at $699,000 after purchasing an additional 316 shares during the period. WealthTrust Fairport LLC boosted its holdings in Amazon.com by 18.4% in the 1st quarter. WealthTrust Fairport LLC now owns 5,962 shares of the e-commerce giant’s stock valued at $5,286,000 after purchasing an additional 926 shares during the period. Rhumbline Advisers raised its stake in shares of Amazon.com by 1.1% in the 1st quarter. Rhumbline Advisers now owns 635,236 shares of the e-commerce giant’s stock valued at $563,162,000 after buying an additional 7,068 shares in the last quarter. CT Mason acquired a new position in shares of Amazon.com in the 1st quarter valued at $3,508,000. Finally, Brick & Kyle Associates raised its stake in shares of Amazon.com by 1.7% in the 1st quarter. Brick & Kyle Associates now owns 4,325 shares of the e-commerce giant’s stock valued at $3,834,000 after buying an additional 72 shares in the last quarter. 59.79% of the stock is owned by institutional investors and hedge funds.
WARNING: This piece was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international trademark and copyright law. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/12/07/amazon-coms-amzn-buy-rating-reiterated-at-wells-fargo-company.html.
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.
Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.