Amazon.com, Inc. (AMZN) Stock Rating Reaffirmed by Sanford C. Bernstein
Several other research analysts also recently weighed in on the company. Robert W. Baird upgraded Amazon.com from an outperform rating to a neutral rating in a research note on Monday, May 15th. Barclays PLC assumed coverage on Amazon.com in a report on Tuesday, March 28th. They set an overweight rating and a $1,120.00 price objective on the stock. Vetr raised Amazon.com from a hold rating to a buy rating and set a $888.37 price objective on the stock in a report on Thursday, March 16th. Royal Bank Of Canada decreased their price objective on Amazon.com from $1,100.00 to $900.00 and set an outperform rating on the stock in a report on Monday, May 1st. Finally, BMO Capital Markets reaffirmed an outperform rating and set a $1,200.00 price objective (up from $900.00) on shares of Amazon.com in a report on Tuesday, April 4th. Five analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $1,022.31.
Amazon.com (NASDAQ AMZN) opened at 1001.81 on Tuesday. The company has a market cap of $478.84 billion, a price-to-earnings 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. The company’s 50-day moving average is $983.46 and its 200 day moving average is $880.70.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.45. Amazon.com had a return on equity of 13.72% and a net margin of 1.81%. The business had revenue of $35.71 billion during the quarter, compared to the consensus estimate of $35.31 billion. During the same period in the prior year, the company posted $1.07 EPS. The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. Equities analysts forecast that Amazon.com will post $6.68 earnings per share for the current fiscal year.
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In other Amazon.com 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 value of $478,027.95. Following the sale, the insider now directly owns 2,018 shares of the company’s stock, valued at $1,910,218.62. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 shares were sold at an average price of $940.74, for a total value of $940,740,000.00. Following the completion of the sale, the chief executive officer now directly owns 80,857,196 shares in the company, valued at $76,065,598,565.04. The disclosure for this sale can be found here. Over the last quarter, 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.
Hedge funds have recently modified their holdings of the stock. State Street Corp raised its stake 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 during the last quarter. Norges Bank acquired a new stake in shares of Amazon.com during the fourth quarter valued at approximately $2,736,365,000. Loomis Sayles & Co. L P raised its stake in shares of 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 stake in shares of 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 stake in shares of 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. 62.49% of the stock is currently owned by institutional investors.
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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