Amazon.com, Inc. (AMZN) Receives “Buy” Rating from Piper Jaffray Companies

Piper Jaffray Companies reissued their buy rating on shares of Amazon.com, Inc. (NASDAQ:AMZN) in a report issued on Friday, July 14th. They currently have a $1,200.00 price objective on the e-commerce giant’s stock.

A number of other equities analysts also recently issued reports on the company. Cowen and Company reissued an outperform rating on shares of Amazon.com in a research report on Friday, July 14th. Vetr raised Amazon.com from a buy rating to a strong-buy rating and set a $1,136.35 price target on the stock in a research report on Wednesday, July 12th. BidaskClub raised Amazon.com from a hold rating to a buy rating in a research report on Wednesday, July 12th. Sanford C. Bernstein reissued a buy rating on shares of Amazon.com in a research report on Tuesday, July 11th. Finally, Credit Suisse Group reissued an outperform rating and set a $1,100.00 price target on shares of Amazon.com in a research report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company. Amazon.com has a consensus rating of Buy and an average price target of $1,058.27.

Shares of Amazon.com (NASDAQ:AMZN) traded up 0.07% during trading on Friday, reaching $987.58. The company’s stock had a trading volume of 2,730,308 shares. The company 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. The stock has a market cap of $474.41 billion, a price-to-earnings ratio of 251.16 and a beta of 1.48.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $37.18 billion. During the same period in the previous year, the company posted $1.78 EPS. Amazon.com’s quarterly revenue was up 24.8% compared to the same quarter last year. On average, equities research analysts forecast that Amazon.com will post $3.84 earnings per share for the current fiscal year.

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In other news, Director Tom A. Alberg sold 735 shares of the business’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $952.80, for a total value of $700,308.00. Following the completion of the sale, the director now directly owns 21,120 shares of the company’s stock, valued at approximately $20,123,136. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey A. Wilke sold 710 shares of the business’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 completion of the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $9,852,500. The disclosure for this sale can be found here. Insiders sold a total of 12,915 shares of company stock valued at $12,698,264 over the last three months. Company insiders own 17.70% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. OLD Second National Bank of Aurora increased its stake 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 increased its stake 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 valued at $107,000 after buying an additional 731 shares in the last quarter. WealthTrust Arizona LLC increased its stake in Amazon.com by 2.7% in the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after buying an additional 3 shares in the last quarter. Ibex Wealth Advisors bought a new stake in Amazon.com during the fourth quarter valued at approximately $113,000. Finally, LeJeune Puetz Investment Counsel LLC bought a new stake in Amazon.com during the second quarter valued at approximately $116,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

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.