Amazon.com, Inc. (NASDAQ:AMZN) Earns Buy Rating from JMP Securities
A number of other equities analysts also recently weighed in on the company. Oppenheimer Holdings, Inc. reaffirmed a buy rating on shares of Amazon.com in a research report on Friday. Stifel Nicolaus reaffirmed a buy rating and set a $1,100.00 price target (up previously from $1,075.00) on shares of Amazon.com in a research report on Friday. Morgan Stanley reaffirmed a buy rating on shares of Amazon.com in a research report on Friday. J P Morgan Chase & Co reiterated a buy rating on shares of Amazon.com in a research note on Friday. Finally, Goldman Sachs Group, Inc. (The) reiterated a buy rating and set a $1,275.00 price objective on shares of Amazon.com in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and an average target price of $1,058.27.
Shares of Amazon.com (NASDAQ:AMZN) traded up 0.95% during trading on Friday, reaching $997.14. 885,586 shares of the company traded hands. The stock has a market cap of $479.01 billion, a P/E ratio of 253.60 and a beta of 1.48. The stock’s 50 day moving average price is $998.39 and its 200-day moving average price is $917.27. Amazon.com has a 12 month low of $710.10 and a 12 month high of $1,083.31.
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 analysts’ consensus estimates of $1.40 by $1.00. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The firm had revenue of $37.96 billion for the quarter, compared to analyst estimates of $37.18 billion. During the same period last year, the company earned $1.78 EPS. The company’s revenue was up 24.8% compared to the same quarter last year. On average, equities research analysts expect that Amazon.com will post $6.72 EPS for the current fiscal year.
In other news, CEO Jeffrey A. Wilke sold 2,000 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $949.49, for a total value of $1,898,980.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $9,494,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tom A. Alberg sold 670 shares of the stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $940.45, for a total value of $630,101.50. Following the completion of the transaction, the director now directly owns 21,855 shares of the company’s stock, valued at approximately $20,553,534.75. The disclosure for this sale can be found here. Insiders sold a total of 1,013,585 shares of company stock valued at $954,068,366 in the last three months. Corporate insiders own 17.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Baltimore Washington Financial Advisors Inc. purchased a new stake in Amazon.com during the fourth quarter valued at approximately $23,951,000. WealthTrust Arizona LLC boosted its position 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 valued at $110,000 after buying an additional 3 shares during the last quarter. OLD Second National Bank of Aurora boosted its position 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 valued at $102,000 after buying an additional 15 shares during the last quarter. LeJeune Puetz Investment Counsel LLC bought a new position in shares of Amazon.com during the second quarter valued at about $116,000. Finally, Farmers & Merchants Investments Inc. boosted its position in shares of Amazon.com by 560.0% in the second quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock valued at $128,000 after buying an additional 112 shares during the last quarter. 62.50% of the stock is owned by 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.
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