Zacks Investment Research upgraded shares of Amazon.com, Inc. (NASDAQ:AMZN) from a sell rating to a hold rating in a research report released on Monday, October 30th. The firm currently has $1,244.00 target price on the e-commerce giant’s stock.
According to Zacks, “Amazon is one of the largest online retailers in the world. Year to date, the stock has underperformed the industry it belongs to. The company delivered strong third-quarter 2017 results beating the Zacks Consensus Estimate on both Counts. Amazon is driving value across all its businesses and especially the retail business remains very hard to beat on price, choice and convenience. Amazon has a solid loyalty system in Prime and its FBA strategy, and content addition continues to add selection to Prime memberships. The AWS generates much higher margins than retail, so it has a very positive impact on Amazon’s profitability. Devices and IoT is also a potential growth area. However, increased expenses and competition in online retail remains concern.”
Other equities research analysts have also issued reports about the stock. Cantor Fitzgerald reaffirmed a buy rating and issued a $1,150.00 price objective on shares of Amazon.com in a research note on Tuesday, October 24th. 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 report on Monday, October 23rd. Canaccord Genuity restated a buy rating and set a $1,250.00 price objective (up previously from $1,200.00) on shares of Amazon.com in a report on Friday, October 27th. BidaskClub lowered shares of Amazon.com from a buy rating to a hold rating in a research report on Tuesday, July 4th. Finally, SunTrust Banks, Inc. assumed coverage on shares of Amazon.com in a research note on Tuesday, August 15th. They issued a buy rating and a $1,220.00 target price on the stock. Five research analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $1,142.08.
Amazon.com (NASDAQ:AMZN) opened at $1,136.84 on Monday. Amazon.com has a 52-week low of $725.99 and a 52-week high of $1,139.90. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00. The company has a market cap of $547,810.00, a PE ratio of 286.59, a PEG ratio of 14.08 and a beta of 1.45.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.57). The firm had revenue of $43.74 billion during the quarter, compared to the consensus estimate of $42.26 billion. Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The business’s revenue was up 33.7% on a year-over-year basis. During the same period last year, the business earned $0.52 EPS. sell-side analysts forecast that Amazon.com will post 4.26 EPS for the current fiscal year.
In related news, Director Tom A. Alberg sold 1,860 shares of the 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 sale, the director now owns 18,460 shares in the company, valued at approximately $20,475,832. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly 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 395,770 shares of company stock valued at $436,339,290 over the last three months. 17.00% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in the stock. Whitnell & Co. increased its position in shares of Amazon.com by 581.3% in the third quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after buying an additional 93 shares in the last quarter. Vestor Capital LLC increased its position in shares of Amazon.com by 10.1% in the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after buying an additional 10 shares in the last quarter. Clear Investment Research LLC increased its position in shares of Amazon.com by 73,100.0% in the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock valued at $107,000 after buying an additional 731 shares in the last quarter. WealthTrust Arizona LLC increased its position in shares of Amazon.com by 2.7% in the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after buying an additional 3 shares in the last quarter. Finally, LeJeune Puetz Investment Counsel LLC purchased a new stake in shares of Amazon.com in the second quarter valued at approximately $116,000. Institutional investors own 60.54% of the company’s stock.
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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