Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “outperform” rating reaffirmed by stock analysts at Cowen and Company in a report issued on Friday, July 14th.
Other analysts have also recently issued research reports about the company. Vetr raised Amazon.com from a “hold” rating to a “buy” rating and set a $888.37 price objective for the company in a research report on Thursday, March 16th. Barclays PLC reiterated a “buy” rating on shares of Amazon.com in a research note on Wednesday, March 29th. William Blair reiterated a “buy” rating on shares of Amazon.com in a research note on Sunday, April 2nd. Loop Capital assumed coverage on Amazon.com in a research note on Thursday, March 30th. They set a “buy” rating and a $1,100.00 price objective for the company. Finally, MKM Partners restated a “buy” rating on shares of Amazon.com in a research note on Thursday, March 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and forty-six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $1,031.46.
Amazon.com (NASDAQ AMZN) traded down 2.48% during mid-day trading on Friday, hitting $1020.04. 7,709,420 shares of the stock were exchanged. Amazon.com has a 1-year low of $710.10 and a 1-year high of $1,083.31. The stock has a 50 day moving average price of $998.12 and a 200 day moving average price of $914.29. The company has a market capitalization of $487.55 billion, a PE ratio of 192.10 and a beta of 1.48. Amazon.com also was the target of some unusual options trading on Thursday. Investors purchased 74,508 put options on the stock. This is an increase of approximately 141% compared to the average volume of 30,945 put options.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by $1.00. The company had revenue of $37.96 billion for the quarter, compared to the consensus estimate of $37.18 billion. Amazon.com had a net margin of 1.81% and a return on equity of 13.72%. The firm’s revenue was up 24.8% compared to the same quarter last year. During the same period last year, the business posted $1.78 EPS. On average, equities analysts anticipate that Amazon.com will post $6.72 earnings per share for the current fiscal year.
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In other Amazon.com news, CEO Jeffrey P. Bezos sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $940.74, for a total transaction of $940,740,000.00. Following the completion of the transaction, the chief executive officer now owns 80,857,196 shares of the company’s stock, valued at $76,065,598,565.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Tom A. Alberg sold 670 shares of the business’s stock in a transaction dated 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 approximately $20,553,534.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,014,090 shares of company stock valued at $954,546,394. Insiders own 17.70% of the company’s stock.
Several hedge funds and other institutional 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 in the last quarter. Clear Investment Research LLC boosted 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 worth $107,000 after buying an additional 731 shares during the last quarter. WealthTrust Arizona LLC boosted 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 worth $110,000 after buying an additional 3 shares during the last quarter. Ibex Wealth Advisors purchased a new position in shares of Amazon.com during the fourth quarter worth about $113,000. Finally, LeJeune Puetz Investment Counsel LLC purchased a new position in shares of Amazon.com during the second quarter worth about $116,000. 62.48% of the stock is owned by institutional investors.
About Amazon.com
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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