Deutsche Bank AG reaffirmed their buy rating on shares of Amazon.com, Inc. (NASDAQ:AMZN) in a research note issued to investors on Tuesday, July 18th. They currently have a $1,135.00 price objective on the e-commerce giant’s stock, down from their prior price objective of $1,150.00.
Several other research firms have also issued reports on AMZN. Loop Capital reiterated a buy rating on shares of Amazon.com in a research report on Thursday, June 8th. TheStreet lowered shares of Amazon.com from a b- rating to a c+ rating in a research report on Monday, July 10th. Vetr upgraded shares of 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. Credit Suisse Group reiterated a buy rating and set a $1,100.00 price target on shares of Amazon.com in a research report on Friday, June 23rd. Finally, UBS AG reiterated a buy rating and set a $1,200.00 price target (up previously from $1,100.00) on shares of Amazon.com in a research report on Monday, July 17th. 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 assigned a strong buy rating to the stock. The company has a consensus rating of Buy and an average target price of $1,058.27.
Amazon.com (NASDAQ AMZN) opened at 987.58 on Tuesday. The firm has a market capitalization 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 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by $1.00. The firm had revenue of $37.96 billion for the quarter, compared to analyst estimates of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The business’s revenue was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.78 EPS. On average, equities analysts predict that Amazon.com will post $3.84 EPS for the current fiscal year.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 710 shares of the stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $985.25, for a total transaction of $699,527.50. Following the completion of 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 filing with the Securities & Exchange Commission, which is available at this link. Also, Director Tom A. Alberg sold 735 shares of the stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $952.80, for a total transaction of $700,308.00. Following the sale, the director now directly owns 21,120 shares of the company’s stock, valued at approximately $20,123,136. 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 in the last ninety days. 17.70% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in AMZN. Norges Bank purchased a new stake in shares of Amazon.com during the fourth quarter valued at $2,736,365,000. Harbour Capital Advisors LLC boosted its stake in shares of Amazon.com by 100,947.5% in the second quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock valued at $2,379,000 after buying an additional 2,300,593 shares during the last quarter. Ruane Cunniff & Goldfarb Inc. purchased a new stake in shares of Amazon.com during the fourth quarter valued at $335,571,000. Discovery Capital Management LLC CT boosted its stake in shares of Amazon.com by 117.8% in the fourth quarter. Discovery Capital Management LLC CT now owns 478,182 shares of the e-commerce giant’s stock valued at $358,574,000 after buying an additional 258,595 shares during the last quarter. Finally, State Street Corp boosted its stake in Amazon.com by 1.1% in the first quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock valued at $14,667,392,000 after buying an additional 186,756 shares in the last quarter. 62.17% of the stock is owned by institutional investors and hedge funds.
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.
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