Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “outperform” rating reaffirmed by stock analysts at Royal Bank Of Canada in a research report issued on Monday, July 31st.
Other equities analysts have also recently issued research reports about the company. William Blair reaffirmed a “buy” rating on shares of Amazon.com in a report on Sunday, April 2nd. Credit Suisse Group reaffirmed a “buy” rating and issued a $900.00 price target on shares of Amazon.com in a report on Monday, April 10th. Needham & Company LLC raised Amazon.com from a “hold” rating to a “buy” rating and set a $1,000.00 price target for the company in a report on Monday, April 10th. Vetr raised Amazon.com from a “hold” rating to a “buy” rating and set a $931.83 price target for the company in a report on Monday, April 10th. Finally, Macquarie reaffirmed a “buy” rating and issued a $995.00 price target on shares of Amazon.com in a report on Tuesday, April 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $1,065.61.
Shares of Amazon.com (AMZN) traded down 2.4065% during mid-day trading on Monday, reaching $958.3777. The company had a trading volume of 4,495,966 shares. The company has a market capitalization of $460.38 billion, a price-to-earnings ratio of 243.7380 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 of $1,000.36 and a 200-day moving average of $924.78.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by $1.00. The business had revenue of $37.96 billion during 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 for the quarter was up 24.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.78 EPS. On average, analysts expect that Amazon.com will post $3.83 earnings per share for the current fiscal year.
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In related news, CEO Jeffrey A. Wilke sold 4,000 shares of Amazon.com stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $969.73, for a total transaction of $3,878,920.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $9,697,300. 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 2,670 shares of the business’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $1,010.64, for a total value of $2,698,408.80. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $10,106,400. The disclosure for this sale can be found here. Insiders have sold a total of 10,890 shares of company stock valued at $10,800,023 over the last 90 days. Insiders own 17.70% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. OLD Second National Bank of Aurora increased its position in shares of 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 during the period. Clear Investment Research LLC increased its position in shares of 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 during the period. WealthTrust Arizona LLC increased its position in shares of 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 during the period. Ibex Wealth Advisors acquired a new position in shares of Amazon.com during the fourth quarter valued at $113,000. Finally, LeJeune Puetz Investment Counsel LLC acquired a new position in shares of Amazon.com during the second quarter valued at $116,000. Institutional investors own 62.17% 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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