Morgan Stanley reiterated their buy rating on shares of Amazon.com, Inc. (NASDAQ:AMZN) in a research note issued to investors on Friday morning.
Several other equities analysts also recently weighed in on the company. Deutsche Bank AG lifted their target price on Amazon.com from $1,050.00 to $1,125.00 and gave the company a buy rating in a research report on Friday, April 28th. Robert W. Baird reiterated an outperform rating and set a $850.00 target price on shares of Amazon.com in a research report on Monday, May 1st. MKM Partners reiterated a buy rating on shares of Amazon.com in a research report on Thursday, March 30th. Raymond James Financial, Inc. downgraded Amazon.com from an outperform rating to a mkt perform rating in a research report on Wednesday, April 26th. Finally, Goldman Sachs Group, Inc. (The) reiterated a buy rating on shares of Amazon.com in a research report on Monday, May 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and forty-five have given a buy rating to the company. Amazon.com presently has a consensus rating of Buy and a consensus target price of $1,056.10.
Amazon.com (NASDAQ AMZN) traded down 2.20% during mid-day trading on Friday, reaching $997.65. 3,409,133 shares of the company’s stock were exchanged. The company has a market cap of $479.25 billion, a PE ratio of 253.73 and a beta of 1.48. Amazon.com has a 52-week low of $710.10 and a 52-week 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.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by $1.00. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The firm had revenue of $37.96 billion during the quarter, compared to the consensus estimate of $37.18 billion. During the same period in the previous year, the firm earned $1.78 EPS. The business’s revenue was up 24.8% on a year-over-year basis. Equities analysts predict that Amazon.com will post $6.72 earnings per share for the current fiscal year.
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In related news, CEO Jeffrey A. Wilke sold 710 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $985.25, for a total value of $699,527.50. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $9,852,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $1,011.06, for a total transaction of $2,022,120.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $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 worth $954,546,394 over the last 90 days. Insiders own 17.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of AMZN. Carbonado Capital raised its position in shares of Amazon.com by 30.0% in the fourth quarter. Carbonado Capital now owns 65,000 shares of the e-commerce giant’s stock worth $48,742,000 after buying an additional 15,000 shares in the last quarter. Weitz Investment Management Inc. raised its position in shares of Amazon.com by 2,392.0% in the fourth quarter. Weitz Investment Management Inc. now owns 12,460 shares of the e-commerce giant’s stock worth $9,343,000 after buying an additional 11,960 shares in the last quarter. Selkirk Management LLC raised its position in shares of Amazon.com by 30.3% in the fourth quarter. Selkirk Management LLC now owns 14,415 shares of the e-commerce giant’s stock worth $10,809,000 after buying an additional 3,355 shares in the last quarter. Guardian Capital Advisors LP bought a new position in shares of Amazon.com during the fourth quarter worth $246,000. Finally, Intact Investment Management Inc. raised its position in shares of Amazon.com by 7.2% in the fourth quarter. Intact Investment Management Inc. now owns 3,430 shares of the e-commerce giant’s stock worth $2,573,000 after buying an additional 230 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other 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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