SunTrust Banks, Inc. Initiates Coverage on Amazon.com, Inc. (AMZN)
Equities research analysts at SunTrust Banks, Inc. started coverage on shares of Amazon.com, Inc. (NASDAQ:AMZN) in a report issued on Tuesday, The Fly reports. The firm set a “buy” rating on the e-commerce giant’s stock.
Other analysts have also recently issued reports about the stock. UBS AG cut shares of Amazon.com from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 25th. TheStreet cut shares of Amazon.com from a “b-” rating to a “c+” rating in a research note on Monday, July 10th. Tigress Financial reiterated a “buy” rating on shares of Amazon.com in a research note on Wednesday, August 9th. KeyCorp reiterated a “hold” rating on shares of Amazon.com in a research note on Thursday, June 22nd. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $1,275.00 target price on shares of Amazon.com in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-four have given a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $1,065.61.
Amazon.com (NASDAQ AMZN) traded down 0.06% on Tuesday, reaching $982.74. 2,549,295 shares of the company’s stock traded hands. The stock has a market cap of $472.09 billion, a price-to-earnings ratio of 249.93 and a beta of 1.48. The stock has a 50 day moving average price of $997.21 and a 200 day moving average price of $929.59. Amazon.com has a 12-month low of $710.10 and a 12-month high of $1,083.31.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the consensus estimate of $1.40 by $1.00. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The business had revenue of $37.96 billion for the quarter, compared to analyst estimates of $37.18 billion. During the same quarter in the previous year, the firm posted $1.78 earnings per share. The business’s revenue was up 24.8% on a year-over-year basis. Analysts forecast that Amazon.com will post $3.83 EPS for the current year.
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In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,000 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $1,011.06, for a total value of $2,022,120.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $10,110,600. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey A. Wilke sold 710 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $987.39, for a total value of $701,046.90. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $9,873,900. The disclosure for this sale can be found here. In the last three months, insiders sold 10,890 shares of company stock valued at $10,800,023. 17.70% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. OLD Second National Bank of Aurora increased its position in 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 period. Vestor Capital LLC increased its position in Amazon.com by 10.1% in the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after buying an additional 10 shares during the period. Clear Investment Research LLC increased its position in 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 valued at $107,000 after buying an additional 731 shares during the period. WealthTrust Arizona LLC increased its position in 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 period. Finally, Ibex Wealth Advisors purchased a new position in Amazon.com during the fourth quarter valued at about $113,000. 61.90% 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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