Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating restated by investment analysts at UBS AG in a report issued on Friday, October 27th, www.benzinga.com reports.
Several other research firms have also recently issued reports on AMZN. Cantor Fitzgerald reissued a “buy” rating and issued a $1,150.00 price target on shares of Amazon.com in a research note on Tuesday, October 24th. They noted that the move was a valuation call. Vetr cut Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,079.96 price target for the company. in a research note on Monday, October 23rd. Canaccord Genuity reissued a “buy” rating and issued a $1,250.00 price target (up previously from $1,200.00) on shares of Amazon.com in a research note on Friday, October 27th. BidaskClub cut Amazon.com from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, SunTrust Banks, Inc. began coverage on Amazon.com in a research note on Tuesday, August 15th. They set a “buy” rating and a $1,220.00 target price for the company. Five investment analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $1,142.08.
Amazon.com (NASDAQ:AMZN) traded up $3.82 during mid-day trading on Friday, hitting $1,129.17. The company had a trading volume of 2,918,400 shares, compared to its average volume of 3,546,511. The firm has a market cap of $547,810.00, a price-to-earnings ratio of 285.62, a P/E/G ratio of 14.04 and a beta of 1.45. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03. Amazon.com has a twelve month low of $710.10 and a twelve month high of $1,139.90.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.57). The company had revenue of $43.74 billion for the quarter, compared to the consensus estimate of $42.26 billion. Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. Amazon.com’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 earnings per share. equities research analysts forecast that Amazon.com will post 4.26 earnings per share for the current fiscal year.
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In other Amazon.com news, Director Tom A. Alberg sold 1,860 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $1,109.20, for a total transaction of $2,063,112.00. Following the completion of the sale, the director now directly owns 18,460 shares in the company, valued at $20,475,832. The transaction 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 stock was sold at an average price of $955.20, for a total value of $2,674,560.00. Following the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $9,552,000. The disclosure for this sale can be found here. Insiders have sold 396,480 shares of company stock worth $437,036,326 in the last three months. 17.00% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Whitnell & Co. lifted its stake in Amazon.com by 581.3% during the third quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock worth $105,000 after purchasing an additional 93 shares during the last quarter. Vestor Capital LLC lifted its stake in Amazon.com by 10.1% during the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after purchasing an additional 10 shares during the last quarter. Clear Investment Research LLC lifted its stake in Amazon.com by 73,100.0% during the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock worth $107,000 after purchasing an additional 731 shares during the last quarter. WealthTrust Arizona LLC lifted its stake in Amazon.com by 2.7% during the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock worth $110,000 after purchasing an additional 3 shares during the last quarter. Finally, LeJeune Puetz Investment Counsel LLC bought a new stake in Amazon.com during the second quarter worth $116,000. Hedge funds and other institutional investors own 60.54% 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 Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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