Amazon.com, Inc. (AMZN) Given Buy Rating at Macquarie

Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating reiterated by stock analysts at Macquarie in a research report issued on Monday, July 24th.

A number of other equities analysts have also commented on AMZN. Stifel Nicolaus lifted their price objective on Amazon.com from $912.00 to $1,025.00 and gave the stock a “buy” rating in a research note on Tuesday, March 28th. Barclays PLC started coverage on Amazon.com in a research note on Tuesday, March 28th. They issued an “overweight” rating and a $1,120.00 price objective on the stock. Cantor Fitzgerald lifted their price objective on Amazon.com from $965.00 to $970.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 29th. MKM Partners reiterated a “buy” rating on shares of Amazon.com in a research note on Thursday, March 30th. Finally, Loop Capital started coverage on Amazon.com in a research note on Thursday, March 30th. They issued a “buy” rating and a $1,100.00 price objective on the stock. One equities research 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. The stock has a consensus rating of “Buy” and an average target price of $1,065.61.

Amazon.com (NASDAQ AMZN) opened at 956.92 on Monday. The company has a 50-day moving average price of $999.07 and a 200-day moving average price of $925.01. Amazon.com has a one year low of $710.10 and a one year high of $1,083.31. The stock 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 posted its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by $1.00. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The company had revenue of $37.96 billion for the quarter, compared to the consensus estimate of $37.18 billion. During the same quarter last year, the business earned $1.78 earnings per share. Amazon.com’s quarterly revenue was up 24.8% on a year-over-year basis. On average, analysts anticipate that Amazon.com will post $3.83 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This report was first posted by [[site]] and is owned by of [[site]]. If you are accessing this report on another website, it was stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this report can be accessed at [[permalink]].

In other news, Director Tom A. Alberg sold 800 shares of the stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $1,000.00, for a total transaction of $800,000.00. Following the completion of the transaction, the director now directly owns 20,320 shares in the company, valued at approximately $20,320,000. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jeffrey A. Wilke sold 710 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $987.39, for a total transaction of $701,046.90. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $9,873,900. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,890 shares of company stock valued at $10,800,023. Company insiders own 17.70% of the company’s stock.

A number of large investors have recently modified their holdings of AMZN. Norges Bank purchased a new stake in shares of Amazon.com during the fourth quarter valued at about $2,736,365,000. Harbour Capital Advisors LLC increased 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 period. BlackRock Inc. increased its stake in shares of Amazon.com by 2.4% in the second quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock valued at $23,160,193,000 after buying an additional 554,990 shares during the period. Ruane Cunniff & Goldfarb Inc. purchased a new stake in shares of Amazon.com during the fourth quarter valued at about $335,571,000. Finally, Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Amazon.com by 446.3% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 502,699 shares of the e-commerce giant’s stock valued at $486,613,000 after buying an additional 410,678 shares during the period. Institutional investors and hedge funds 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.