BidaskClub Upgrades Amazon.com (NASDAQ:AMZN) to Strong-Buy

Amazon.com (NASDAQ:AMZN) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday, January 18th.

AMZN has been the subject of several other reports. Cantor Fitzgerald reissued a “buy” rating and issued a $1,150.00 target price on shares of Amazon.com in a research report on Tuesday, October 24th. They noted that the move was a valuation call. Bank of America reissued a “buy” rating and issued a $1,460.00 target price (up from $1,220.00) on shares of Amazon.com in a research report on Tuesday, January 16th. They noted that the move was a valuation call. Vetr downgraded shares of Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,079.96 target price for the company. in a research report on Monday, October 23rd. Canaccord Genuity restated a “buy” rating and issued a $1,250.00 price objective (up from $1,200.00) on shares of Amazon.com in a research note on Friday, October 27th. Finally, Jefferies Group restated a “buy” rating and issued a $1,350.00 price objective on shares of Amazon.com in a research note on Friday, October 27th. Five investment analysts have rated the stock with a hold rating, forty-nine have issued a buy rating and one has issued a strong buy rating to the stock. Amazon.com has an average rating of “Buy” and a consensus target price of $1,436.97.

Amazon.com (NASDAQ:AMZN) traded down $10.90 during mid-day trading on Thursday, hitting $1,339.60. 14,140,000 shares of the stock were exchanged, compared to its average volume of 5,790,000. Amazon.com has a twelve month low of $822.85 and a twelve month high of $1,498.00. The firm has a market capitalization of $645,520.00, a price-to-earnings ratio of 217.12, a P/E/G ratio of 5.89 and a beta of 1.63. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.04 and a quick ratio of 0.76.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $2.16 EPS for the quarter, beating the Zacks’ consensus estimate of $1.85 by $0.31. Amazon.com had a net margin of 1.71% and a return on equity of 9.23%. The firm had revenue of $60.45 billion for the quarter, compared to the consensus estimate of $59.85 billion. During the same period in the previous year, the firm posted $1.54 earnings per share. The firm’s revenue was up 38.2% on a year-over-year basis. equities research analysts predict that Amazon.com will post 8.49 EPS for the current fiscal year.

In related news, insider David Zapolsky sold 2,334 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,125.39, for a total value of $2,626,660.26. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 1,985 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,125.38, for a total transaction of $2,233,879.30. The disclosure for this sale can be found here. Insiders sold a total of 9,368 shares of company stock worth $10,726,970 in the last ninety days. Insiders own 17.70% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Leavell Investment Management Inc. raised its holdings in Amazon.com by 0.3% during the 2nd quarter. Leavell Investment Management Inc. now owns 394 shares of the e-commerce giant’s stock worth $381,000 after buying an additional 1 shares during the period. Probity Advisors Inc. raised its holdings in Amazon.com by 0.6% during the 2nd quarter. Probity Advisors Inc. now owns 320 shares of the e-commerce giant’s stock worth $310,000 after buying an additional 2 shares during the period. Venturi Wealth Management LLC raised its holdings in Amazon.com by 0.3% during the 2nd quarter. Venturi Wealth Management LLC now owns 632 shares of the e-commerce giant’s stock worth $612,000 after buying an additional 2 shares during the period. Regis Management CO LLC raised its holdings in Amazon.com by 0.9% during the 2nd quarter. Regis Management CO LLC now owns 231 shares of the e-commerce giant’s stock worth $224,000 after buying an additional 2 shares during the period. Finally, Hall Capital Management Co. Inc. raised its holdings in Amazon.com by 0.8% during the 2nd quarter. Hall Capital Management Co. Inc. now owns 403 shares of the e-commerce giant’s stock worth $390,000 after buying an additional 3 shares during the period. Institutional investors and hedge funds own 59.49% of the company’s stock.

WARNING: This article was published by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States & international copyright legislation. The original version of this article can be read at https://stocknewstimes.com/2018/02/11/amazon-com-amzn-upgraded-to-strong-buy-by-bidaskclub.html.

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

Latest News

Leave a Reply