Amazon.com, Inc. (AMZN) Receives Outperform Rating from Robert W. Baird
Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “outperform” rating reaffirmed by investment analysts at Robert W. Baird in a research note issued to investors on Wednesday. They currently have a $1,100.00 target price on the e-commerce giant’s stock. Robert W. Baird’s price target would indicate a potential upside of 12.45% from the company’s current price.
A number of other equities analysts have also recently commented on the company. SunTrust Banks, Inc. assumed coverage on Amazon.com in a report on Tuesday. They issued a “buy” rating and a $1,220.00 target price on the stock. Cowen and Company reaffirmed an “outperform” rating and issued a $1,125.00 target price on shares of Amazon.com in a report on Thursday, August 10th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $1,200.00 target price on shares of Amazon.com in a report on Thursday, August 10th. Tigress Financial reaffirmed a “buy” rating on shares of Amazon.com in a report on Wednesday, August 9th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating and issued a $1,275.00 target price on shares of Amazon.com in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, forty-four have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $1,078.80.
Amazon.com (AMZN) traded down 0.46% during mid-day trading on Wednesday, reaching $978.18. The company’s stock had a trading volume of 3,131,237 shares. Amazon.com has a 12-month low of $710.10 and a 12-month high of $1,083.31. The firm has a market cap of $469.90 billion, a PE ratio of 248.77 and a beta of 1.48. The company has a 50-day moving average price of $997.21 and a 200-day moving average price of $929.59.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the consensus estimate of $1.40 by $1.00. The firm 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 quarterly revenue was up 24.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.78 earnings per share. On average, equities research analysts expect that Amazon.com will post $3.83 earnings per share for the current year.
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In other news, CEO Jeffrey A. Wilke sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $969.73, for a total value of $3,878,920.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $9,697,300. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Tom A. Alberg sold 800 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $1,000.00, for a total transaction of $800,000.00. Following the completion of the transaction, the director now owns 20,320 shares in the company, valued at $20,320,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,890 shares of company stock worth $10,800,023. Company insiders own 17.70% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Amazon.com by 2.9% in the second quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock valued at $26,003,758,000 after buying an additional 764,115 shares in the last quarter. BlackRock Inc. raised its position in shares of Amazon.com by 2.4% in the second quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock valued at $23,160,193,000 after buying an additional 554,990 shares in the last quarter. State Street Corp raised its position in shares of 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 in the last quarter. Capital Research Global Investors raised its position in shares of Amazon.com by 0.4% in the second quarter. Capital Research Global Investors now owns 10,711,772 shares of the e-commerce giant’s stock valued at $10,368,995,000 after buying an additional 40,068 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Amazon.com during the fourth quarter valued at approximately $2,736,365,000. Hedge funds and other institutional investors own 61.90% 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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