Amazon.com (NASDAQ:AMZN) Earns “Buy” Rating from UBS Group
A number of other research analysts have also recently commented on AMZN. Morgan Stanley decreased their price objective on Amazon.com from $2,200.00 to $2,100.00 and set an overweight rating on the stock in a report on Friday, October 25th. BMO Capital Markets decreased their price objective on Amazon.com from $2,280.00 to $2,000.00 and set an outperform rating on the stock in a report on Friday, October 25th. William Blair reiterated an outperform rating on shares of Amazon.com in a report on Friday, July 26th. Wolfe Research began coverage on Amazon.com in a report on Tuesday, October 8th. They issued an outperform rating and a $2,234.00 price objective on the stock. Finally, Wells Fargo & Co upped their price objective on Amazon.com from $2,200.00 to $2,300.00 and gave the company an outperform rating in a report on Friday, September 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and forty-two have issued a buy rating to the company. Amazon.com has a consensus rating of Buy and a consensus price target of $2,189.97.
AMZN opened at $1,785.88 on Wednesday. Amazon.com has a one year low of $1,307.00 and a one year high of $2,035.80. The stock has a market capitalization of $893.28 billion, a PE ratio of 88.67, a P/E/G ratio of 3.20 and a beta of 1.56. The business’s 50 day moving average price is $1,759.09 and its 200 day moving average price is $1,840.01. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.84 and a current ratio of 1.10.
In other news, CEO Jeffrey A. Wilke sold 3,475 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,773.99, for a total transaction of $6,164,615.25. Following the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $17,739,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jeffrey M. Blackburn sold 7,144 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $1,791.40, for a total value of $12,797,761.60. Following the sale, the senior vice president now directly owns 56,011 shares in the company, valued at approximately $100,338,105.40. The disclosure for this sale can be found here. Insiders have sold 22,747 shares of company stock worth $40,737,808 in the last ninety days. Corporate insiders own 16.10% of the company’s stock.
Several institutional investors have recently bought and sold shares of AMZN. MUFG Americas Holdings Corp grew its stake in shares of Amazon.com by 9.2% during the third quarter. MUFG Americas Holdings Corp now owns 15,540 shares of the e-commerce giant’s stock worth $26,976,000 after purchasing an additional 1,305 shares in the last quarter. Valmark Advisers Inc. grew its stake in shares of Amazon.com by 50.9% during the third quarter. Valmark Advisers Inc. now owns 1,329 shares of the e-commerce giant’s stock worth $2,307,000 after purchasing an additional 448 shares in the last quarter. WT Wealth Management acquired a new position in shares of Amazon.com during the third quarter worth $2,513,000. Lyell Wealth Management LP grew its stake in shares of Amazon.com by 1.0% during the third quarter. Lyell Wealth Management LP now owns 5,064 shares of the e-commerce giant’s stock worth $8,791,000 after purchasing an additional 52 shares in the last quarter. Finally, Condor Capital Management grew its stake in shares of Amazon.com by 14.5% during the third quarter. Condor Capital Management now owns 2,394 shares of the e-commerce giant’s stock worth $4,156,000 after purchasing an additional 303 shares in the last quarter. 55.60% of the stock is currently owned by institutional investors and hedge funds.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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