Amazon.com, Inc. (AMZN) Downgraded by Vetr Inc. to “Buy”

Vetr lowered shares of Amazon.com, Inc. (NASDAQ:AMZN) from a strong-buy rating to a buy rating in a report released on Tuesday. They currently have $1,088.80 price objective on the e-commerce giant’s stock.

Several other equities analysts have also recently weighed in on the stock. Cantor Fitzgerald reissued a buy rating and issued a $1,050.00 target price on shares of Amazon.com in a research note on Friday, June 16th. Jefferies Group LLC reissued a buy rating and issued a $1,150.00 target price on shares of Amazon.com in a research note on Friday, June 16th. Canaccord Genuity raised their target price on shares of Amazon.com from $1,150.00 to $1,200.00 and gave the company a buy rating in a research note on Friday, June 16th. Goldman Sachs Group, Inc. (The) reissued a buy rating on shares of Amazon.com in a research note on Friday, June 16th. Finally, Nomura reissued a buy rating on shares of Amazon.com in a research note on Thursday, June 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, forty-eight have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and an average price target of $1,109.89.

Shares of Amazon.com (AMZN) opened at 987.20 on Tuesday. The stock has a 50 day moving average of $968.03 and a 200-day moving average of $965.03. Amazon.com has a 52 week low of $710.10 and a 52 week high of $1,083.31. The firm has a market capitalization of $474.23 billion, a PE ratio of 251.07 and a beta of 1.47.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results 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). The business had revenue of $37.96 billion for the quarter, compared to the consensus estimate 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 was up 24.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.78 earnings per share. Equities analysts anticipate that Amazon.com will post $3.66 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Amazon.com, Inc. (AMZN) Downgraded by Vetr Inc. to “Buy”” was originally posted by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this piece on another site, it was illegally copied and republished in violation of United States and international copyright & trademark law. The correct version of this piece can be viewed at https://stocknewstimes.com/2017/10/11/amazon-com-inc-amzn-downgraded-by-vetr-inc-to-buy.html.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 710 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $981.74, for a total value of $697,035.40. Following the completion of the transaction, the chief executive officer now owns 15,312 shares in the company, valued at approximately $15,032,402.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $955.20, for a total value of $2,674,560.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $9,552,000. The disclosure for this sale can be found here. Insiders sold a total of 9,083 shares of company stock valued at $8,874,850 in the last 90 days. Corporate insiders own 17.70% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of AMZN. Harbour Capital Advisors LLC lifted its position in shares of Amazon.com by 100,947.5% during the 2nd 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 last quarter. Janus Henderson Group PLC lifted its position in shares of Amazon.com by 1,045.8% during the 2nd quarter. Janus Henderson Group PLC now owns 1,775,556 shares of the e-commerce giant’s stock valued at $1,718,711,000 after buying an additional 1,620,588 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Amazon.com by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock valued at $26,003,758,000 after buying an additional 764,115 shares during the last quarter. BlackRock Inc. lifted its position in shares of Amazon.com by 2.4% during the 2nd 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 last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Amazon.com by 125.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 822,827 shares of the e-commerce giant’s stock valued at $796,497,000 after buying an additional 457,300 shares during the last quarter. 60.77% of the stock is currently owned by hedge funds and other institutional investors.

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 Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply