Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating restated by analysts at Citigroup Inc. in a research note issued to investors on Sunday, July 30th. They currently have a $1,200.00 target price on the e-commerce giant’s stock, down from their prior target price of $1,220.00. Citigroup Inc.’s price objective points to a potential upside of 25.40% from the stock’s previous close.
A number of other brokerages have also commented on AMZN. Deutsche Bank AG lifted their price target on shares of Amazon.com from $1,050.00 to $1,125.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Robert W. Baird reiterated an “outperform” rating and set a $850.00 price target on shares of Amazon.com in a report on Monday, May 1st. Raymond James Financial, Inc. lowered shares of Amazon.com from an “outperform” rating to a “mkt perform” rating in a report on Wednesday, April 26th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Amazon.com in a report on Monday, May 1st. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Amazon.com in a report on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, forty-three have assigned a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $1,065.61.
Shares of Amazon.com (NASDAQ:AMZN) opened at 956.92 on Friday. Amazon.com has a one year low of $710.10 and a one year high of $1,083.31. The company has a 50 day moving average price of $999.07 and a 200 day moving average price of $925.01. The company has a market cap of $459.68 billion, a P/E ratio of 243.37 and a beta of 1.48.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by $1.00. The business 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%. Amazon.com’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.78 EPS. Equities research analysts expect 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 the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $10,106,400. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Tom A. Alberg sold 800 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $1,000.00, for a total transaction of $800,000.00. Following the completion of the sale, the director now directly owns 20,320 shares of the company’s stock, valued at $20,320,000. The disclosure for this sale can be found here. Insiders have sold 10,890 shares of company stock worth $10,800,023 in the last quarter. Company insiders own 17.70% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the company. Intellectus Partners LLC purchased a new stake in Amazon.com during the fourth quarter valued at approximately $2,974,000. Zions Bancorporation raised its stake in Amazon.com by 2.1% in the fourth quarter. Zions Bancorporation now owns 1,094 shares of the e-commerce giant’s stock valued at $820,000 after buying an additional 23 shares during the last quarter. Levin Capital Strategies L.P. raised its stake in Amazon.com by 20.5% in the fourth quarter. Levin Capital Strategies L.P. now owns 1,708 shares of the e-commerce giant’s stock valued at $1,281,000 after buying an additional 291 shares during the last quarter. Crosslink Capital Inc. raised its stake in Amazon.com by 11.7% in the fourth quarter. Crosslink Capital Inc. now owns 31,672 shares of the e-commerce giant’s stock valued at $23,750,000 after buying an additional 3,317 shares during the last quarter. Finally, First Republic Investment Management Inc. raised its stake in Amazon.com by 5.4% in the fourth quarter. First Republic Investment Management Inc. now owns 90,127 shares of the e-commerce giant’s stock valued at $67,583,000 after buying an additional 4,624 shares during the last quarter. 62.17% of the stock is 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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