Amazon.com, Inc. (AMZN) Receives “Buy” Rating from Maxim Group
Maxim Group restated their buy rating on shares of Amazon.com, Inc. (NASDAQ:AMZN) in a report released on Wednesday. The brokerage currently has a $1,300.00 price objective on the e-commerce giant’s stock.
A number of other research firms also recently weighed in on AMZN. Cantor Fitzgerald restated a buy rating and issued a $1,050.00 target price on shares of Amazon.com in a research report on Wednesday. Zacks Investment Research downgraded Amazon.com from a hold rating to a strong sell rating in a research report on Monday, July 24th. KeyCorp restated a hold rating on shares of Amazon.com in a research report on Sunday, July 23rd. Macquarie restated a buy rating on shares of Amazon.com in a research report on Monday, July 24th. Finally, Vetr downgraded Amazon.com from a strong-buy rating to a buy rating and set a $1,132.46 target price for the company. in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and forty-five have given a buy rating to the stock. Amazon.com has a consensus rating of Buy and a consensus price target of $1,040.46.
Shares of Amazon.com (NASDAQ AMZN) opened at 1020.04 on Wednesday. The company has a market cap of $489.62 billion, a PE ratio of 259.42 and a beta of 1.48. The company’s 50-day moving average is $998.12 and its 200 day moving average is $914.29. Amazon.com has a 52-week low of $710.10 and a 52-week high of $1,083.31. Amazon.com also saw unusually large options trading on Thursday. Stock traders acquired 74,508 put options on the company. This represents an increase of approximately 141% compared to the average daily volume of 30,945 put options.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.40 by $1.00. The firm had revenue of $37.96 billion during the quarter, compared to the consensus estimate of $37.18 billion. Amazon.com had a return on equity of 9.82% and a net margin of 1.28%. The business’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.78 EPS. On average, analysts anticipate that Amazon.com will post $6.72 EPS for the current year.
TRADEMARK VIOLATION NOTICE: This piece of content was first reported by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark law. The original version of this piece of content can be read at https://www.watchlistnews.com/amazon-com-inc-amzn-receives-buy-rating-from-maxim-group/1462319.html.
In related news, insider David Zapolsky sold 505 shares of the firm’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $946.59, for a total transaction of $478,027.95. Following the completion of the sale, the insider now directly owns 2,018 shares of the company’s stock, valued at approximately $1,910,218.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $940.74, for a total value of $940,740,000.00. Following the sale, the chief executive officer now directly owns 80,857,196 shares of the company’s stock, valued at $76,065,598,565.04. The disclosure for this sale can be found here. Insiders sold a total of 1,014,090 shares of company stock valued at $954,546,394 over the last ninety days. Corporate insiders own 17.70% of the company’s stock.
Several large investors have recently modified their holdings of AMZN. OLD Second National Bank of Aurora raised its stake in shares of Amazon.com by 15.0% in the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock worth $102,000 after buying an additional 15 shares in the last quarter. Clear Investment Research LLC raised its stake in shares of Amazon.com by 73,100.0% in the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock worth $107,000 after buying an additional 731 shares in the last quarter. WealthTrust Arizona LLC raised its stake in shares of Amazon.com by 2.7% in the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock worth $110,000 after buying an additional 3 shares in the last quarter. Ibex Wealth Advisors acquired a new stake in shares of Amazon.com during the fourth quarter worth about $113,000. Finally, LeJeune Puetz Investment Counsel LLC acquired a new stake in shares of Amazon.com during the second quarter worth about $116,000. 62.48% of the stock is owned by hedge funds and other institutional investors.
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 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.
Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.