Vetr downgraded shares of Amazon.com, Inc. (NASDAQ:AMZN) from a strong-buy rating to a buy rating in a research note issued to investors on Tuesday. Vetr currently has $1,132.46 price objective on the e-commerce giant’s stock.
AMZN has been the topic of a number of other reports. Instinet lowered their target price on shares of Amazon.com from $1,100.00 to $975.00 and set a buy rating on the stock in a report on Friday, June 16th. Loop Capital restated a buy rating on shares of Amazon.com in a report on Thursday, June 8th. Cantor Fitzgerald restated a buy rating and set a $970.00 target price on shares of Amazon.com in a report on Friday, April 28th. Royal Bank Of Canada restated a buy rating on shares of Amazon.com in a report on Tuesday, May 2nd. Finally, Wolfe Research downgraded shares of Amazon.com from an outperform rating to a market perform rating in a report on Thursday, April 20th. Five analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company. Amazon.com currently has a consensus rating of Buy and an average target price of $1,021.93.
Amazon.com (AMZN) opened at 1024.45 on Tuesday. Amazon.com has a 1-year low of $710.10 and a 1-year high of $1,026.03. The company has a 50-day moving average of $990.97 and a 200-day moving average of $902.15. The firm has a market capitalization of $489.66 billion, a price-to-earnings ratio of 192.93 and a beta of 1.48.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, April 27th. The e-commerce giant reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.45. The business had revenue of $35.71 billion for the quarter, compared to the consensus estimate of $35.31 billion. Amazon.com had a net margin of 1.81% and a return on equity of 13.72%. The firm’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.07 earnings per share. On average, equities analysts predict that Amazon.com will post $6.69 earnings per share for the current year.
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In other Amazon.com news, insider David Zapolsky sold 505 shares of Amazon.com stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $946.59, for a total transaction of $478,027.95. Following the completion of the transaction, the insider now owns 2,018 shares of the company’s stock, valued at approximately $1,910,218.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey A. Wilke sold 2,000 shares of Amazon.com stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $1,011.06, for a total value of $2,022,120.00. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $10,110,600. The disclosure for this sale can be found here. Insiders have sold a total of 1,014,090 shares of company stock valued at $954,546,394 in the last ninety days. 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. Visionary Asset Management Inc. bought a new position in Amazon.com during the second quarter worth $241,000. Beech Hill Advisors Inc. raised its position in Amazon.com by 0.5% in the second quarter. Beech Hill Advisors Inc. now owns 5,224 shares of the e-commerce giant’s stock worth $5,057,000 after buying an additional 28 shares during the last quarter. Diversified Trust Co raised its position in Amazon.com by 118.5% in the second quarter. Diversified Trust Co now owns 2,659 shares of the e-commerce giant’s stock worth $2,574,000 after buying an additional 1,442 shares during the last quarter. Alpha Windward LLC raised its position in Amazon.com by 4.4% in the second quarter. Alpha Windward LLC now owns 400 shares of the e-commerce giant’s stock worth $387,000 after buying an additional 17 shares during the last quarter. Finally, Cribstone Capital Management LLC raised its position in Amazon.com by 6.0% in the second quarter. Cribstone Capital Management LLC now owns 263 shares of the e-commerce giant’s stock worth $255,000 after buying an additional 15 shares during the last quarter. 62.49% of the stock is owned by institutional investors and hedge funds.
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.
To view Vetr’s full report, visit Vetr’s official website.
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