Amazon.com, Inc. (AMZN) Given Average Recommendation of “Buy” by Brokerages
Shares of Amazon.com, Inc. (NASDAQ:AMZN) have received a consensus recommendation of “Buy” from the fifty-six brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, forty-seven have given a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $1,151.66.
A number of brokerages have issued reports on AMZN. UBS AG reissued a “buy” rating and issued a $1,100.00 price target on shares of Amazon.com in a research note on Wednesday, June 21st. TheStreet lowered Amazon.com from a “b-” rating to a “c+” rating in a research note on Monday, July 10th. Tigress Financial reissued a “buy” rating on shares of Amazon.com in a research note on Wednesday, August 9th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $1,190.00 price target on shares of Amazon.com in a research note on Monday, October 2nd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Amazon.com in a research note on Thursday, June 22nd.
Amazon.com (AMZN) opened at 989.58 on Friday. The firm has a market cap of $475.37 billion, a PE ratio of 251.67 and a beta of 1.47. The firm has a 50-day moving average of $966.13 and a 200-day moving average of $961.29. Amazon.com has a 52-week low of $710.10 and a 52-week high of $1,083.31.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results 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 analyst estimates of $37.18 billion. During the same period in the previous year, the business posted $1.78 earnings per share. The firm’s quarterly revenue was up 24.8% on a year-over-year basis. Equities analysts anticipate that Amazon.com will post $3.66 EPS for the current year.
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In related news, CEO Jeffrey A. Wilke sold 2,800 shares of Amazon.com stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total transaction of $2,674,560.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $9,552,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian T. Olsavsky sold 2,334 shares of Amazon.com stock in a transaction dated 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 transaction, the insider now owns 1,748 shares of the company’s stock, valued at approximately $1,728,597.20. The disclosure for this sale can be found here. Insiders have sold 9,083 shares of company stock valued at $8,874,850 in the last quarter. 17.70% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of AMZN. Meritage Portfolio Management grew its holdings in Amazon.com by 21.6% during the first quarter. Meritage Portfolio Management now owns 24,546 shares of the e-commerce giant’s stock worth $21,761,000 after purchasing an additional 4,368 shares during the period. Johanson Financial Advisors Inc. bought a new stake in shares of Amazon.com during the first quarter worth approximately $700,000. Glaxis Capital Management LLC bought a new stake in shares of Amazon.com during the first quarter worth approximately $4,433,000. Hengehold Capital Management LLC boosted its holdings in shares of Amazon.com by 3.5% during the first quarter. Hengehold Capital Management LLC now owns 384 shares of the e-commerce giant’s stock worth $340,000 after acquiring an additional 13 shares during the period. Finally, Round Table Services LLC boosted its holdings in shares of Amazon.com by 0.3% during the first quarter. Round Table Services LLC now owns 701 shares of the e-commerce giant’s stock worth $621,000 after acquiring an additional 2 shares during the period. Institutional investors and hedge funds own 60.77% of the company’s stock.
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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