Somewhat Positive News Coverage Somewhat Unlikely to Impact Amazon.com (AMZN) Share Price

Media coverage about Amazon.com (NASDAQ:AMZN) has trended somewhat positive recently, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Amazon.com earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news articles about the e-commerce giant an impact score of 44.192941758878 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

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These are some of the media stories that may have effected Accern’s rankings:

Trade of the Day: Amazon.com, Inc. (AMZN) Stock Bulls May Be Getting Reckless (investorplace.com)
Amazon Wins Patent for Shipping Label Parachute System (investopedia.com)
Amazon’s ‘Deceptive’ Pricing Probe Shouldn’t Affect Its Whole Foods Deal, but Likely It Will (finance.yahoo.com)
Alibaba, Paytm in Talks to Invest in India’s Bigbasket (finance.yahoo.com)
Looking Ahead of Wall Street: Alphabet Inc (GOOGL), Facebook Inc (FB) and Amazon.com, Inc. (AMZN) – Smarter Analyst (smarteranalyst.com)

Shares of Amazon.com (NASDAQ:AMZN) opened at 1038.95 on Tuesday. The company has a market cap of $496.59 billion, a PE ratio of 195.66 and a beta of 1.48. Amazon.com has a 1-year low of $710.10 and a 1-year high of $1,043.01. The firm’s 50-day moving average is $994.58 and its 200-day moving average is $908.91.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $1.48 EPS 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 for the quarter, compared to analyst estimates of $35.31 billion. During the same quarter in the prior year, the firm posted $1.07 EPS. The business’s quarterly revenue was up 22.6% compared to the same quarter last year. On average, equities analysts forecast that Amazon.com will post $6.65 earnings per share for the current fiscal year.

A number of brokerages have issued reports on AMZN. Zacks Investment Research lowered shares of Amazon.com from a “hold” rating to a “strong sell” rating in a research report on Monday. Macquarie restated a “buy” rating on shares of Amazon.com in a research report on Monday. KeyCorp restated a “hold” rating on shares of Amazon.com in a research report on Sunday. Vetr lowered shares of Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,132.46 target price on the stock. in a research report on Tuesday, July 18th. Finally, Deutsche Bank AG restated a “buy” rating and set a $1,135.00 target price (down previously from $1,150.00) on shares of Amazon.com in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and forty-six have issued a buy rating to the company’s stock. Amazon.com presently has a consensus rating of “Buy” and an average target price of $1,021.93.

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In other news, insider David Zapolsky sold 505 shares of the company’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 transaction of $478,027.95. Following the completion of the transaction, the insider now directly owns 2,018 shares of the company’s stock, valued at approximately $1,910,218.62. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Tom A. Alberg sold 670 shares of the company’s 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 transaction, the director now directly owns 21,855 shares of the company’s stock, valued at $20,553,534.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,014,090 shares of company stock valued at $954,546,394. Corporate insiders own 17.70% of the company’s stock.

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.