Amazon.com, Inc. (AMZN) Rating Reiterated by Credit Suisse Group
Credit Suisse Group restated their outperform rating on shares of Amazon.com, Inc. (NASDAQ:AMZN) in a research report released on Tuesday morning. The brokerage currently has a $1,100.00 target price on the e-commerce giant’s stock.
Several other equities analysts have also recently commented on AMZN. UBS AG cut shares of Amazon.com from an outperform rating to a market perform rating in a research report on Tuesday, April 25th. Vetr cut shares of Amazon.com from a strong-buy rating to a buy rating and set a $1,105.24 target price for the company. in a research report on Monday, July 10th. Royal Bank Of Canada restated an outperform rating and issued a $1,100.00 target price on shares of Amazon.com in a research report on Tuesday, July 11th. MKM Partners restated a buy rating on shares of Amazon.com in a research report on Thursday, March 30th. Finally, Nomura restated a buy rating on shares of Amazon.com in a research report on Thursday, June 15th. Five equities research analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $1,022.31.
Shares of Amazon.com (NASDAQ:AMZN) opened at 1001.81 on Tuesday. The firm’s 50-day moving average is $983.46 and its 200 day moving average is $880.70. The company has a market capitalization of $478.84 billion, a PE ratio of 188.66 and a beta of 1.48. Amazon.com has a 52 week low of $710.10 and a 52 week high of $1,017.00.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, April 27th. The e-commerce giant reported $1.48 EPS for the quarter, beating the consensus estimate of $1.03 by $0.45. The company had revenue of $35.71 billion during the quarter, compared to analysts’ expectations 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 previous year, the company earned $1.07 EPS. On average, analysts anticipate that Amazon.com will post $6.68 earnings per share for the current fiscal year.
In related news, CEO Jeffrey A. Wilke sold 710 shares of the stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $985.25, for a total transaction of $699,527.50. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $9,852,500. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $940.74, for a total transaction of $940,740,000.00. Following the transaction, the chief executive officer now owns 80,857,196 shares of the company’s stock, valued at approximately $76,065,598,565.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,014,090 shares of company stock valued at $954,546,394. 17.70% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. State Street Corp raised its position in Amazon.com by 1.1% in the first quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock valued at $14,667,392,000 after buying an additional 186,756 shares during the last quarter. Norges Bank bought a new position in Amazon.com during the fourth quarter valued at $2,736,365,000. Loomis Sayles & Co. L P raised its position in Amazon.com by 4.2% in the fourth quarter. Loomis Sayles & Co. L P now owns 2,155,878 shares of the e-commerce giant’s stock valued at $1,616,628,000 after buying an additional 86,357 shares during the last quarter. Fisher Asset Management LLC raised its position in Amazon.com by 1.1% in the first quarter. Fisher Asset Management LLC now owns 2,024,756 shares of the e-commerce giant’s stock valued at $1,795,028,000 after buying an additional 22,032 shares during the last quarter. Finally, American Century Companies Inc. raised its position in Amazon.com by 0.5% in the first quarter. American Century Companies Inc. now owns 1,647,564 shares of the e-commerce giant’s stock valued at $1,460,631,000 after buying an additional 8,704 shares during the last quarter. Institutional investors own 62.49% 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 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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