Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating reaffirmed by Morningstar in a report released on Thursday.
A number of other equities research analysts have also issued reports on the company. Citigroup lifted their target price on Amazon.com from $2,100.00 to $2,250.00 and gave the company a “buy” rating in a research report on Monday, September 10th. Barclays reissued a “buy” rating on shares of Amazon.com in a research report on Monday, September 17th. ValuEngine raised Amazon.com from a “hold” rating to a “buy” rating in a research report on Thursday, September 13th. Morgan Stanley reissued an “overweight” rating and issued a $2,500.00 target price (up previously from $1,850.00) on shares of Amazon.com in a research report on Wednesday, August 29th. Finally, Wells Fargo & Co reissued a “buy” rating and issued a $2,110.00 target price on shares of Amazon.com in a research report on Tuesday, September 4th. Four investment analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the company. Amazon.com has an average rating of “Buy” and a consensus price target of $2,005.64.
Shares of Amazon.com stock opened at $1,788.61 on Thursday. Amazon.com has a 52-week low of $962.50 and a 52-week high of $2,050.50. The company has a market capitalization of $976.95 billion, a P/E ratio of 393.10, a PEG ratio of 4.17 and a beta of 1.58. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.70.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.49 by $2.58. Amazon.com had a return on equity of 18.47% and a net margin of 3.02%. The business had revenue of $52.89 billion for the quarter, compared to analyst estimates of $53.37 billion. During the same quarter last year, the firm earned $0.40 EPS. Amazon.com’s revenue for the quarter was up 39.3% compared to the same quarter last year. Research analysts forecast that Amazon.com will post 17.78 earnings per share for the current year.
In other news, Director Thomas O. Ryder sold 5,000 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $1,783.81, for a total transaction of $8,919,050.00. Following the completion of the transaction, the director now directly owns 10,752 shares in the company, valued at approximately $19,179,525.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tom A. Alberg sold 2,320 shares of Amazon.com stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $1,827.29, for a total value of $4,239,312.80. The disclosure for this sale can be found here. Insiders have sold a total of 25,308 shares of company stock valued at $47,905,498 over the last quarter. 16.30% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of AMZN. Marcus Capital LLC boosted its stake in Amazon.com by 2.4% in the 2nd quarter. Marcus Capital LLC now owns 1,171 shares of the e-commerce giant’s stock valued at $1,990,000 after purchasing an additional 27 shares during the period. Winthrop Advisory Group LLC raised its holdings in Amazon.com by 3.8% in the 2nd quarter. Winthrop Advisory Group LLC now owns 744 shares of the e-commerce giant’s stock valued at $1,265,000 after acquiring an additional 27 shares in the last quarter. AMI Investment Management Inc. raised its holdings in Amazon.com by 17.6% in the 2nd quarter. AMI Investment Management Inc. now owns 180 shares of the e-commerce giant’s stock valued at $306,000 after acquiring an additional 27 shares in the last quarter. BKD Wealth Advisors LLC raised its holdings in Amazon.com by 3.1% in the 2nd quarter. BKD Wealth Advisors LLC now owns 943 shares of the e-commerce giant’s stock valued at $1,603,000 after acquiring an additional 28 shares in the last quarter. Finally, Beaton Management Co. Inc. raised its holdings in Amazon.com by 2.8% in the 2nd quarter. Beaton Management Co. Inc. now owns 1,024 shares of the e-commerce giant’s stock valued at $1,740,000 after acquiring an additional 28 shares in the last quarter. Institutional investors own 57.36% of the company’s stock.
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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