Amazon.com, Inc. (AMZN) Receives “Buy” Rating from J P Morgan Chase & Co
A number of other research analysts have also weighed in on AMZN. UBS AG lowered Amazon.com from an outperform rating to a market perform rating in a research report on Tuesday, April 25th. Wedbush restated a buy rating and set a $1,250.00 price objective on shares of Amazon.com in a research report on Friday. Aegis raised their price objective on Amazon.com from $1,069.00 to $1,171.00 and gave the company a buy rating in a research report on Friday. Maxim Group restated a buy rating and set a $1,300.00 price objective on shares of Amazon.com in a research report on Wednesday, July 26th. Finally, Goldman Sachs Group, Inc. (The) restated a buy rating and set a $1,275.00 price objective on shares of Amazon.com in a research report on Friday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $1,058.27.
Amazon.com (AMZN) traded up 0.92% during trading on Friday, hitting $996.87. The stock had a trading volume of 883,024 shares. The firm has a market cap of $478.88 billion, a P/E ratio of 253.53 and a beta of 1.48. The company has a 50-day moving average of $998.39 and a 200 day moving average of $917.27. Amazon.com has a 52-week low of $710.10 and a 52-week high of $1,083.31.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $1.40 by $1.00. The business had revenue of $37.96 billion for the quarter, compared to the consensus estimate of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. Amazon.com’s revenue was up 24.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.78 earnings per share. On average, equities research analysts predict that Amazon.com will post $6.72 earnings per share for the current fiscal year.
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In other news, Director Tom A. Alberg sold 670 shares of the stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $940.45, for a total value of $630,101.50. Following the completion of the sale, the director now owns 21,855 shares of the company’s stock, valued at approximately $20,553,534.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jeffrey A. Wilke sold 710 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $9,852,500. The disclosure for this sale can be found here. In the last three months, insiders sold 1,013,585 shares of company stock valued at $954,068,366. Corporate insiders own 17.70% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. Carbonado Capital boosted its stake in Amazon.com by 30.0% in the fourth quarter. Carbonado Capital now owns 65,000 shares of the e-commerce giant’s stock valued at $48,742,000 after buying an additional 15,000 shares during the period. Weitz Investment Management Inc. boosted its stake in Amazon.com by 2,392.0% in the fourth quarter. Weitz Investment Management Inc. now owns 12,460 shares of the e-commerce giant’s stock valued at $9,343,000 after buying an additional 11,960 shares during the period. Selkirk Management LLC boosted its stake in Amazon.com by 30.3% in the fourth quarter. Selkirk Management LLC now owns 14,415 shares of the e-commerce giant’s stock valued at $10,809,000 after buying an additional 3,355 shares during the period. Guardian Capital Advisors LP purchased a new stake in Amazon.com during the fourth quarter valued at $246,000. Finally, Intact Investment Management Inc. boosted its stake in Amazon.com by 7.2% in the fourth quarter. Intact Investment Management Inc. now owns 3,430 shares of the e-commerce giant’s stock valued at $2,573,000 after buying an additional 230 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.
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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