Amazon.com (NASDAQ:AMZN) Given Buy Rating at Nomura

Nomura reiterated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a report released on Monday, November 20th, MarketBeat Ratings reports. The brokerage currently has a $1,360.00 target price on the e-commerce giant’s stock.

AMZN has been the subject of a number of other reports. Canaccord Genuity restated a buy rating and set a $1,200.00 target price on shares of Amazon.com in a report on Wednesday, October 11th. J P Morgan Chase & Co restated a buy rating on shares of Amazon.com in a report on Friday, July 28th. Wedbush set a $1,250.00 target price on Amazon.com and gave the company a buy rating in a report on Monday, October 23rd. Citigroup restated a buy rating and set a $1,200.00 target price (down from $1,220.00) on shares of Amazon.com in a report on Sunday, July 30th. Finally, 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. Four investment analysts have rated the stock with a hold rating and fifty have assigned a buy rating to the company’s stock. Amazon.com has a consensus rating of Buy and a consensus target price of $1,219.02.

Amazon.com (NASDAQ AMZN) traded up $7.44 during midday trading on Monday, reaching $1,159.79. The company had a trading volume of 2,509,189 shares, compared to its average volume of 3,579,047. Amazon.com has a 1 year low of $747.70 and a 1 year high of $1,213.41. 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 firm has a market cap of $558,540.00, a P/E ratio of 289.74, a P/E/G ratio of 14.30 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.57). The business had revenue of $43.74 billion for the quarter, compared to analysts’ expectations of $42.26 billion. Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The business’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 earnings per share. research analysts predict that Amazon.com will post 4.24 EPS for the current fiscal year.

In related news, VP Shelley Reynolds sold 544 shares of Amazon.com stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $1,126.27, for a total value of $612,690.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey P. Bezos sold 391,110 shares of Amazon.com stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the completion of the sale, the chief executive officer now owns 79,891,433 shares in the company, valued at $88,162,593,058.49. The disclosure for this sale can be found here. Insiders sold a total of 399,538 shares of company stock worth $441,142,749 over the last quarter. Company insiders own 17.70% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. AXA raised its holdings in Amazon.com by 2.4% during the third quarter. AXA now owns 242,815 shares of the e-commerce giant’s stock worth $233,431,000 after purchasing an additional 5,742 shares during the last quarter. Sage Capital Advisors llc raised its holdings in shares of Amazon.com by 554.9% in the third quarter. Sage Capital Advisors llc now owns 2,135 shares of the e-commerce giant’s stock worth $2,052,000 after acquiring an additional 1,809 shares during the last quarter. Shelton Capital Management raised its holdings in shares of Amazon.com by 5.0% in the third quarter. Shelton Capital Management now owns 28,220 shares of the e-commerce giant’s stock worth $27,129,000 after acquiring an additional 1,340 shares during the last quarter. Chicago Partners Investment Group LLC raised its holdings in shares of Amazon.com by 15.1% in the third quarter. Chicago Partners Investment Group LLC now owns 1,686 shares of the e-commerce giant’s stock worth $1,621,000 after acquiring an additional 221 shares during the last quarter. Finally, Institutional & Family Asset Management LLC raised its holdings in shares of Amazon.com by 18.6% in the third quarter. Institutional & Family Asset Management LLC now owns 414 shares of the e-commerce giant’s stock worth $398,000 after acquiring an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 59.79% of the company’s stock.

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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.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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