Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating reissued by analysts at UBS AG in a research note issued to investors on Sunday, July 30th, www.flashratings.com reports. They currently have a $1,200.00 target price on the e-commerce giant’s stock. UBS AG’s price target indicates a potential upside of 25.40% from the company’s previous close.
Other research analysts also recently issued research reports about the stock. TheStreet downgraded shares of Amazon.com from a “b-” rating to a “c+” rating in a research report on Monday, July 10th. KeyCorp restated a “hold” rating on shares of Amazon.com in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $1,275.00 price objective on shares of Amazon.com in a research report on Friday, July 28th. Robert W. Baird restated an “outperform” rating and set a $850.00 price objective on shares of Amazon.com in a research report on Thursday, April 6th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $1,025.00 price target on shares of Amazon.com in a research report on Monday, April 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, forty-three have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $1,065.61.
Shares of Amazon.com (NASDAQ AMZN) traded up 0.40% during midday trading on Friday, hitting $960.79. 1,040,265 shares of the stock traded hands. The firm has a market capitalization of $461.54 billion, a PE ratio of 244.35 and a beta of 1.48. The company’s 50-day moving average is $999.07 and its 200 day moving average is $925.01. Amazon.com has a 52 week low of $710.10 and a 52 week high of $1,083.31.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.40 by $1.00. The company had revenue of $37.96 billion for the quarter, compared to the consensus estimate of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter last year, the company earned $1.78 EPS. Analysts anticipate that Amazon.com will post $3.83 earnings per share for the current year.
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In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,000 shares of Amazon.com stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $1,011.06, for a total value of $2,022,120.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at approximately $10,110,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey A. Wilke sold 4,000 shares of Amazon.com stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $969.73, for a total value of $3,878,920.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $9,697,300. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,890 shares of company stock valued at $10,800,023. 17.70% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of AMZN. Baltimore Washington Financial Advisors Inc. purchased a new stake in shares of Amazon.com during the fourth quarter worth about $23,951,000. Vestor Capital LLC boosted its stake in shares of Amazon.com by 10.1% in the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after buying an additional 10 shares during the last quarter. WealthTrust Arizona LLC boosted its stake 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 worth $110,000 after buying an additional 3 shares during the last quarter. OLD Second National Bank of Aurora boosted its stake 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 worth $102,000 after buying an additional 15 shares during the last quarter. Finally, LeJeune Puetz Investment Counsel LLC purchased a new stake in shares of Amazon.com during the second quarter worth about $116,000. Institutional investors own 62.17% of the company’s stock.
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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