Somewhat Positive News Coverage Somewhat Unlikely to Impact Amazon.com (AMZN) Stock Price

Press coverage about Amazon.com (NASDAQ:AMZN) has been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Amazon.com earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave press coverage about the e-commerce giant an impact score of 45.273447033456 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:

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Amazon.com (AMZN) traded up $41.58 during trading hours on Tuesday, reaching $1,586.51. The company’s stock had a trading volume of 4,569,125 shares, compared to its average volume of 5,672,913. The company has a current ratio of 1.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.89. Amazon.com has a 52 week low of $833.50 and a 52 week high of $1,617.54. The stock has a market cap of $760,861.63, a PE ratio of 257.97, a PEG ratio of 6.92 and a beta of 1.54.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $0.31. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. The company had revenue of $60.45 billion for the quarter, compared to analysts’ expectations of $59.85 billion. During the same quarter in the previous year, the business posted $1.54 EPS. The business’s revenue for the quarter was up 38.2% on a year-over-year basis. sell-side analysts forecast that Amazon.com will post 8.49 EPS for the current year.

AMZN has been the subject of several analyst reports. Bank of America reissued a “buy” rating and set a $1,460.00 price target (up previously from $1,220.00) on shares of Amazon.com in a report on Tuesday, January 16th. They noted that the move was a valuation call. Goldman Sachs reissued a “buy” rating on shares of Amazon.com in a report on Friday, January 26th. Wedbush reissued a “buy” rating and set a $1,285.00 price target on shares of Amazon.com in a report on Monday, January 29th. Oppenheimer reissued a “buy” rating on shares of Amazon.com in a report on Friday, February 2nd. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a $1,650.00 price target on shares of Amazon.com in a report on Friday, February 2nd. Four research analysts have rated the stock with a hold rating, forty-eight have assigned a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $1,477.78.

In related news, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $1,454.37, for a total value of $2,908,740.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey A. Wilke sold 250 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $1,549.90, for a total value of $387,475.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $15,499,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,714 shares of company stock worth $8,462,195. Company insiders own 17.00% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Amazon.com (NASDAQ:AMZN)

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