Other analysts have also issued reports about the stock. Canaccord Genuity restated a buy rating and set a $900.00 target price on shares of Amazon.com in a research note on Wednesday, March 1st. Vetr upgraded shares of Amazon.com from a hold rating to a buy rating and set a $884.00 target price on the stock in a research note on Tuesday, February 28th. Aegis restated a buy rating on shares of Amazon.com in a research note on Wednesday, March 15th. William Blair restated a buy rating on shares of Amazon.com in a research note on Saturday, March 11th. Finally, Stifel Nicolaus upped their target price on shares of Amazon.com from $912.00 to $1,025.00 and gave the stock a buy rating in a research note on Tuesday, March 28th. Five research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has issued a strong buy rating to the company. Amazon.com presently has an average rating of Buy and an average target price of $1,022.31.
Amazon.com (NASDAQ:AMZN) opened at 1010.04 on Wednesday. The firm’s 50-day moving average is $983.46 and its 200-day moving average is $880.70. Amazon.com has a 52-week low of $710.10 and a 52-week high of $1,017.00. The stock has a market cap of $482.77 billion, a P/E ratio of 190.21 and a beta of 1.48.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $1.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.45. The company had revenue of $35.71 billion for the quarter, compared to analyst estimates of $35.31 billion. Amazon.com had a net margin of 1.81% and a return on equity of 13.72%. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.07 earnings per share. Equities research analysts predict that Amazon.com will post $6.69 earnings per share for the current year.
In related news, insider David Zapolsky sold 505 shares of the business’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $946.59, for a total transaction of $478,027.95. Following the completion of the transaction, the insider now owns 2,018 shares in the company, valued at approximately $1,910,218.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey A. Wilke sold 710 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $985.25, for a total value of $699,527.50. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $9,852,500. The disclosure for this sale can be found here. Insiders have sold a total of 1,014,090 shares of company stock valued at $954,546,394 in the last 90 days. Insiders own 17.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMZN. OLD Second National Bank of Aurora raised its position in shares of Amazon.com by 15.0% in the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock worth $102,000 after buying an additional 15 shares during the period. Ibex Wealth Advisors acquired a new position in shares of Amazon.com during the fourth quarter worth about $113,000. LeJeune Puetz Investment Counsel LLC acquired a new position in shares of Amazon.com during the second quarter worth about $116,000. Lipe & Dalton acquired a new position in shares of Amazon.com during the first quarter worth about $124,000. Finally, Empirical Finance LLC acquired a new position in shares of Amazon.com during the fourth quarter worth about $152,000. Institutional investors and hedge funds own 62.49% 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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