Amazon.com (NASDAQ:AMZN) Stock Rating Reaffirmed by Morgan Stanley

Share on StockTwits

Amazon.com (NASDAQ:AMZN)‘s stock had its “overweight” rating reiterated by analysts at Morgan Stanley in a note issued to investors on Monday, BenzingaRatingsTable reports. They currently have a $2,300.00 target price on the e-commerce giant’s stock, up from their prior target price of $2,100.00. Morgan Stanley’s price objective points to a potential upside of 14.43% from the company’s previous close.

Several other research firms also recently commented on AMZN. Raymond James set a $33.00 price objective on shares of LKQ and gave the company a “buy” rating in a report on Friday, April 26th. Deutsche Bank increased their price target on shares of Rockwell Automation from $173.00 to $186.00 and gave the stock a “hold” rating in a report on Friday, April 26th. Stifel Nicolaus reissued a “buy” rating and set a $2,300.00 price target on shares of Amazon.com in a report on Monday, April 22nd. Pivotal Research started coverage on shares of SRC Energy in a report on Wednesday, May 29th. They set a “buy” rating and a $37.29 price target on the stock. Finally, Bank of America set a $275.00 price target on shares of SVB Financial Group and gave the stock a “buy” rating in a report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company. Amazon.com has a consensus rating of “Buy” and a consensus target price of $2,193.89.

AMZN stock opened at $2,009.90 on Monday. The company has a fifty day simple moving average of $1,887.61. The stock has a market cap of $990.08 billion, a P/E ratio of 99.80, a P/E/G ratio of 2.29 and a beta of 1.57. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.09 and a quick ratio of 0.83. Amazon.com has a 12 month low of $1,307.00 and a 12 month high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data 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. The business had revenue of $59.70 billion for the quarter, compared to the consensus estimate of $59.73 billion. Amazon.com had a net margin of 4.97% and a return on equity of 28.91%. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period in the prior year, the firm earned $3.27 EPS. As a group, equities analysts forecast that Amazon.com will post 26.55 earnings per share for the current year.

In other news, CEO Jeffrey A. Wilke sold 2,500 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $1,934.42, for a total value of $4,836,050.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at $19,344,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew R. Jassy sold 7,308 shares of the stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $2,000.00, for a total transaction of $14,616,000.00. Following the completion of the sale, the chief executive officer now owns 92,614 shares of the company’s stock, valued at $185,228,000. The disclosure for this sale can be found here. Insiders sold 18,993 shares of company stock valued at $36,698,207 over the last quarter. Company insiders own 16.10% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wealthstreet Investment Advisors LLC raised its position in shares of Amazon.com by 3.6% in the second quarter. Wealthstreet Investment Advisors LLC now owns 5,871 shares of the e-commerce giant’s stock valued at $11,117,000 after buying an additional 204 shares during the last quarter. NEXT Financial Group Inc raised its position in shares of Amazon.com by 204.7% in the second quarter. NEXT Financial Group Inc now owns 3,230 shares of the e-commerce giant’s stock valued at $6,117,000 after buying an additional 2,170 shares during the last quarter. We Are One Seven LLC raised its position in shares of Amazon.com by 11.8% in the second quarter. We Are One Seven LLC now owns 2,758 shares of the e-commerce giant’s stock valued at $5,222,000 after buying an additional 291 shares during the last quarter. Cornerstone Advisors Inc. raised its position in shares of Amazon.com by 7.3% in the second quarter. Cornerstone Advisors Inc. now owns 1,052 shares of the e-commerce giant’s stock valued at $1,992,000 after buying an additional 72 shares during the last quarter. Finally, Buckingham Capital Management Inc. raised its position in shares of Amazon.com by 12.1% in the first quarter. Buckingham Capital Management Inc. now owns 3,340 shares of the e-commerce giant’s stock valued at $5,948,000 after buying an additional 361 shares during the last quarter. Institutional investors and hedge funds own 55.49% 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 third-party sellers through physical stores and online stores.

Featured Article: Momentum Indicators

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.