Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating reaffirmed by equities research analysts at JMP Securities in a note issued to investors on Friday, July 28th.
Other equities analysts have also recently issued reports about the stock. UBS AG cut shares of Amazon.com from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 25th. TheStreet cut shares of Amazon.com from a “b-” rating to a “c+” rating in a research report on Monday, July 10th. KeyCorp reiterated a “hold” rating on shares of Amazon.com in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $1,275.00 target price on shares of Amazon.com in a research note on Friday, July 28th. Finally, Robert W. Baird reissued an “outperform” rating and set a $850.00 target price on shares of Amazon.com in a research note on Thursday, April 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $1,065.61.
Shares of Amazon.com (NASDAQ AMZN) traded down 0.79% on Friday, hitting $982.01. The company’s stock had a trading volume of 3,569,731 shares. The company has a market cap of $471.74 billion, a price-to-earnings ratio of 249.75 and a beta of 1.48. The stock’s 50 day moving average is $999.29 and its 200-day moving average is $918.57. Amazon.com has a 52 week low of $710.10 and a 52 week high of $1,083.31.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the 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 for the quarter, compared to analysts’ expectations of $37.18 billion. During the same quarter in the previous year, the firm posted $1.78 earnings per share. The company’s revenue for the quarter was up 24.8% on a year-over-year basis. On average, equities research analysts anticipate that Amazon.com will post $3.83 earnings per share for the current year.
In related news, CEO Jeffrey A. Wilke sold 2,670 shares of Amazon.com stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $1,010.64, for a total transaction of $2,698,408.80. Following the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $10,106,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey A. Wilke sold 4,000 shares of Amazon.com stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $969.73, for a total transaction of $3,878,920.00. Following the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at $9,697,300. The disclosure for this sale can be found here. Insiders have sold a total of 10,890 shares of company stock worth $10,800,023 over the last ninety days. 17.70% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the stock. Shoker Investment Counsel Inc. raised its stake in shares of Amazon.com by 15.9% in the second quarter. Shoker Investment Counsel Inc. now owns 285 shares of the e-commerce giant’s stock valued at $275,000 after buying an additional 39 shares during the period. Marvin & Palmer Associates Inc. raised its stake in shares of Amazon.com by 20.5% in the second quarter. Marvin & Palmer Associates Inc. now owns 5,894 shares of the e-commerce giant’s stock valued at $5,705,000 after buying an additional 1,003 shares during the period. WMS Partners LLC raised its stake in shares of Amazon.com by 1.6% in the second quarter. WMS Partners LLC now owns 1,215 shares of the e-commerce giant’s stock valued at $1,176,000 after buying an additional 19 shares during the period. Fiduciary Trust Co. increased its stake in Amazon.com by 1.4% in the second quarter. Fiduciary Trust Co. now owns 30,807 shares of the e-commerce giant’s stock valued at $29,821,000 after buying an additional 430 shares in the last quarter. Finally, Manchester Capital Management LLC increased its stake in Amazon.com by 2.8% in the second quarter. Manchester Capital Management LLC now owns 1,068 shares of the e-commerce giant’s stock valued at $1,034,000 after buying an additional 29 shares in the last quarter. 62.17% of the stock is currently owned by 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.
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