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

Morgan Stanley reissued their buy rating on shares of Amazon.com, Inc. (NASDAQ:AMZN) in a report released on Tuesday morning. They currently have a $1,150.00 price objective on the e-commerce giant’s stock.

A number of other analysts have also issued reports on the company. J P Morgan Chase & Co restated a buy rating on shares of Amazon.com in a report on Friday, July 28th. Vetr upgraded Amazon.com from a buy rating to a strong-buy rating and set a $1,095.08 target price for the company in a report on Monday, July 3rd. Citigroup Inc. restated a buy rating and issued a $1,200.00 target price (down previously from $1,220.00) on shares of Amazon.com in a report on Sunday, July 30th. Royal Bank Of Canada set a $1,100.00 target price on Amazon.com and gave the company a buy rating in a report on Monday, September 11th. Finally, DA Davidson started coverage on Amazon.com in a report on Wednesday, September 6th. They issued a buy rating and a $1,300.00 target price for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating, forty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently 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. Amazon.com has a 12 month low of $710.10 and a 12 month high of $1,083.31. The stock has a 50 day moving average price of $968.03 and a 200-day moving average price of $965.03. The stock has a market cap of $474.23 billion, a P/E ratio of 251.07 and a beta of 1.47.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($1.00). The business had revenue of $37.96 billion during the quarter, compared to analysts’ expectations of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. Amazon.com’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.78 EPS. On average, analysts forecast that Amazon.com will post $3.66 EPS for the current fiscal year.

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In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,800 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $955.20, for a total transaction of $2,674,560.00. Following the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $9,552,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey A. Wilke sold 710 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $981.74, for a total transaction of $697,035.40. Following the sale, the chief executive officer now directly owns 15,312 shares in the company, valued at $15,032,402.88. The disclosure for this sale can be found here. Insiders sold a total of 9,083 shares of company stock worth $8,874,850 over the last ninety days. 17.70% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the business. Osborn Williams & Donohoe LLC lifted its position in Amazon.com by 1.1% during the 2nd quarter. Osborn Williams & Donohoe LLC now owns 915 shares of the e-commerce giant’s stock worth $886,000 after buying an additional 10 shares in the last quarter. Reinhart Partners Inc. lifted its position in Amazon.com by 66.8% during the 1st quarter. Reinhart Partners Inc. now owns 789 shares of the e-commerce giant’s stock worth $699,000 after buying an additional 316 shares in the last quarter. Murphy Capital Management Inc. lifted its position in Amazon.com by 1.4% during the 2nd quarter. Murphy Capital Management Inc. now owns 9,856 shares of the e-commerce giant’s stock worth $9,540,000 after buying an additional 140 shares in the last quarter. IBM Retirement Fund lifted its position in Amazon.com by 76.6% during the 2nd quarter. IBM Retirement Fund now owns 9,728 shares of the e-commerce giant’s stock worth $10,523,000 after buying an additional 4,218 shares in the last quarter. Finally, CAPROCK Group Inc. lifted its position in Amazon.com by 9.2% during the 1st quarter. CAPROCK Group Inc. now owns 3,529 shares of the e-commerce giant’s stock worth $3,129,000 after buying an additional 298 shares in 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)

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