Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating reaffirmed by stock analysts at Maxim Group in a research note issued on Wednesday, July 26th. They presently have a $1,300.00 price objective on the e-commerce giant’s stock. Maxim Group’s target price suggests a potential upside of 31.63% from the company’s previous close.
A number of other analysts have also recently issued reports on AMZN. UBS AG cut Amazon.com from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 25th. TheStreet cut Amazon.com from a “b-” rating to a “c+” rating in a report on Monday, July 10th. Cantor Fitzgerald reiterated a “buy” rating and set a $1,150.00 target price on shares of Amazon.com in a report on Wednesday, July 26th. KeyCorp reiterated a “hold” rating on shares of Amazon.com in a report on Sunday, July 23rd. Finally, MKM Partners reiterated a “buy” rating on shares of Amazon.com in a report on Thursday, March 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the stock. Amazon.com has an average rating of “Buy” and a consensus price target of $1,058.27.
Shares of Amazon.com (NASDAQ:AMZN) traded up 0.07% during mid-day trading on Wednesday, hitting $987.58. 2,730,308 shares of the stock traded hands. The company has a market cap of $474.41 billion, a P/E ratio of 251.16 and a beta of 1.48. The stock has a 50 day moving average price of $999.29 and a 200-day moving average price of $918.57. Amazon.com has a one year low of $710.10 and a one year high of $1,083.31.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $37.18 billion. During the same quarter last year, the firm earned $1.78 EPS. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. On average, analysts forecast that Amazon.com will post $3.84 earnings per share for the current fiscal year.
In other news, CEO Jeffrey A. Wilke sold 710 shares of Amazon.com stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $985.25, for a total transaction of $699,527.50. Following the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $9,852,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,670 shares of Amazon.com stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $1,010.64, for a total value of $2,698,408.80. Following the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $10,106,400. The disclosure for this sale can be found here. Insiders sold a total of 12,915 shares of company stock worth $12,698,264 in the last ninety days. Insiders own 17.70% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Bridgeworth LLC bought a new position in Amazon.com during the fourth quarter valued at approximately $390,000. Cigna Investments Inc. New acquired a new position in shares of Amazon.com during the fourth quarter valued at about $11,707,000. Stockbridge Partners LLC increased its position in shares of Amazon.com by 108.2% in the fourth quarter. Stockbridge Partners LLC now owns 119,881 shares of the e-commerce giant’s stock valued at $89,895,000 after buying an additional 62,312 shares during the last quarter. Hengehold Capital Management LLC increased its position in shares of Amazon.com by 3.5% in the first quarter. Hengehold Capital Management LLC now owns 384 shares of the e-commerce giant’s stock valued at $340,000 after buying an additional 13 shares during the last quarter. Finally, Boston Advisors LLC increased its position in shares of Amazon.com by 11.8% in the first quarter. Boston Advisors LLC now owns 95,063 shares of the e-commerce giant’s stock valued at $84,277,000 after buying an additional 10,014 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.
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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