Somewhat Positive Media Coverage Very Unlikely to Impact Amazon.com (AMZN) Stock Price

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Media headlines about Amazon.com (NASDAQ:AMZN) have been trending somewhat positive on Saturday, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Amazon.com earned a media sentiment score of 0.80 on their scale. InfoTrie also assigned news articles about the e-commerce giant an news buzz score of 2 out of 10, indicating that recent media coverage is very unlikely to have an effect on the company’s share price in the near future.

These are some of the media headlines that may have effected Amazon.com’s ranking:

Shares of NASDAQ AMZN opened at $1,962.46 on Friday. Amazon.com, Inc. has a 52 week low of $1,307.00 and a 52 week high of $2,050.50. The company has a quick ratio of 0.83, a current ratio of 1.09 and a debt-to-equity ratio of 0.48. The company has a market cap of $948.49 billion, a P/E ratio of 97.44, a P/E/G ratio of 2.19 and a beta of 1.62.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, April 25th. The e-commerce giant reported $7.09 EPS for the quarter, beating the consensus estimate of $4.61 by $2.48. Amazon.com had a return on equity of 28.91% and a net margin of 4.97%. The firm had revenue of $59.70 billion during the quarter, compared to analysts’ expectations of $59.73 billion. During the same period in the prior year, the firm posted $3.27 earnings per share. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 26.59 EPS for the current year.

Several brokerages have issued reports on AMZN. Goldman Sachs Group reiterated a “buy” rating and issued a $2,400.00 price objective (up previously from $2,100.00) on shares of Amazon.com in a research report on Friday, April 26th. BidaskClub upgraded Amazon.com from a “sell” rating to a “hold” rating in a research report on Friday, January 4th. Citigroup reiterated an “in-line” rating and issued a $2,000.00 price objective on shares of Amazon.com in a research report on Friday, February 1st. CIBC lifted their price objective on Amazon.com from $1,975.00 to $2,085.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Finally, Aegis reiterated a “buy” rating and issued a $2,250.00 price objective (up previously from $2,225.00) on shares of Amazon.com in a research report on Friday, April 26th. Four research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $2,172.58.

In related news, Director Patricia Q. Stonesifer sold 1,375 shares of the stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $1,602.00, for a total transaction of $2,202,750.00. Following the completion of the transaction, the director now directly owns 7,861 shares of the company’s stock, valued at $12,593,322. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeffrey M. Blackburn sold 2,055 shares of the stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $1,616.34, for a total value of $3,321,578.70. Following the transaction, the senior vice president now directly owns 46,596 shares of the company’s stock, valued at $75,314,978.64. The disclosure for this sale can be found here. Insiders have sold 9,575 shares of company stock valued at $16,638,758 over the last three months. Insiders own 16.30% of the company’s stock.

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Amazon.com Company Profile

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 third-party sellers through physical stores and online stores.

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