Amazon.com (AMZN) Receives “Buy” Rating from Morgan Stanley

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Morgan Stanley reiterated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research note released on Friday morning.

Several other equities research analysts have also commented on AMZN. Canaccord Genuity reaffirmed a buy rating and set a $2,000.00 price target (up previously from $1,800.00) on shares of Amazon.com in a research report on Thursday, July 12th. Cowen boosted their price objective on Amazon.com from $2,000.00 to $2,100.00 and gave the company an outperform rating in a research note on Friday, July 13th. Barclays boosted their price objective on Amazon.com from $1,700.00 to $1,850.00 and gave the company an overweight rating in a research note on Friday, July 13th. Jefferies Financial Group reiterated a buy rating on shares of Amazon.com in a research note on Monday, July 16th. Finally, Credit Suisse Group reiterated a buy rating and set a $2,000.00 price objective (up from $1,950.00) on shares of Amazon.com in a research note on Monday, July 16th. Four equities research analysts have rated the stock with a hold rating and forty-seven 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 $2,091.53.

Shares of NASDAQ AMZN traded down $42.48 during midday trading on Friday, hitting $1,712.43. 5,891,531 shares of the company’s stock traded hands, compared to its average volume of 8,251,879. Amazon.com has a 1 year low of $1,121.63 and a 1 year high of $2,050.50. The firm has a market capitalization of $858.38 billion, a P/E ratio of 108.03, a PEG ratio of 3.36 and a beta of 1.70. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.63.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.29 by $2.46. Amazon.com had a net margin of 4.03% and a return on equity of 24.35%. The firm had revenue of $56.58 billion during the quarter, compared to analyst estimates of $57.05 billion. As a group, equities research analysts anticipate that Amazon.com will post 19.37 EPS for the current year.

In other news, CEO Andrew R. Jassy sold 1,726 shares of the stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $1,900.00, for a total transaction of $3,279,400.00. Following the completion of the transaction, the chief executive officer now directly owns 88,801 shares in the company, valued at approximately $168,721,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Patricia Q. Stonesifer sold 1,375 shares of the stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $1,678.99, for a total value of $2,308,611.25. Following the transaction, the director now owns 9,127 shares of the company’s stock, valued at $15,324,141.73. The disclosure for this sale can be found here. Insiders sold a total of 36,327 shares of company stock valued at $64,744,896 over the last 90 days. 16.30% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of AMZN. Marcus Capital LLC raised its holdings in Amazon.com by 2.4% during the 2nd quarter. Marcus Capital LLC now owns 1,171 shares of the e-commerce giant’s stock valued at $1,990,000 after buying an additional 27 shares during the period. Winthrop Advisory Group LLC raised its holdings in Amazon.com by 3.8% during the 2nd quarter. Winthrop Advisory Group LLC now owns 744 shares of the e-commerce giant’s stock valued at $1,265,000 after buying an additional 27 shares during the period. AMI Investment Management Inc. raised its holdings in Amazon.com by 17.6% during the 2nd quarter. AMI Investment Management Inc. now owns 180 shares of the e-commerce giant’s stock valued at $306,000 after buying an additional 27 shares during the period. BKD Wealth Advisors LLC raised its holdings in Amazon.com by 3.1% during the 2nd quarter. BKD Wealth Advisors LLC now owns 943 shares of the e-commerce giant’s stock valued at $1,603,000 after buying an additional 28 shares during the period. Finally, Beaton Management Co. Inc. raised its holdings in Amazon.com by 2.8% during the 2nd quarter. Beaton Management Co. Inc. now owns 1,024 shares of the e-commerce giant’s stock valued at $1,740,000 after buying an additional 28 shares during the period. Hedge funds and other institutional investors own 56.59% of the company’s stock.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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