Amazon.com, Inc. (NASDAQ:AMZN) Given Average Rating of “Buy” by Brokerages

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Amazon.com, Inc. (NASDAQ:AMZN) has earned an average rating of “Buy” from the fifty-six ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and forty-six have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $3,389.23.

Several research firms have weighed in on AMZN. SVB Leerink began coverage on shares of Amazon.com in a research note on Friday, July 24th. They issued a “hold” rating for the company. Pivotal Research boosted their price target on shares of Amazon.com from $3,925.00 to $4,500.00 and gave the stock a “buy” rating in a research note on Thursday, October 1st. Morgan Stanley lowered their price target on shares of Amazon.com from $3,750.00 to $3,740.00 and set an “overweight” rating for the company in a research note on Thursday. Credit Suisse Group boosted their price target on shares of Amazon.com from $3,400.00 to $3,680.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Finally, Benchmark boosted their price target on shares of Amazon.com from $3,675.00 to $3,800.00 and gave the stock a “buy” rating in a research note on Wednesday, October 7th.

Amazon.com stock traded down $65.94 during mid-day trading on Friday, reaching $3,272.71. The company’s stock had a trading volume of 6,474,353 shares, compared to its average volume of 5,108,237. The firm’s fifty day moving average price is $3,207.58 and its two-hundred day moving average price is $2,802.40. The company has a market capitalization of $1,639.27 billion, a P/E ratio of 125.83, a PEG ratio of 3.59 and a beta of 1.35. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.97 and a current ratio of 1.18. Amazon.com has a 12-month low of $1,626.03 and a 12-month high of $3,552.25.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $8.56. The firm had revenue of $88.91 billion during the quarter, compared to analyst estimates of $81.56 billion. Amazon.com had a net margin of 4.10% and a return on equity of 20.47%. On average, research analysts predict that Amazon.com will post 31.61 EPS for the current fiscal year.

In related news, CEO Jeffrey A. Wilke sold 750 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $3,304.28, for a total transaction of $2,478,210.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $33,042,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey A. Wilke sold 1,200 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $3,174.18, for a total transaction of $3,809,016.00. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $31,741,800. The disclosure for this sale can be found here. Insiders have sold 102,815 shares of company stock valued at $324,095,003 over the last ninety days. 16.10% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of AMZN. Gantzert Investment Co. LLC ADV purchased a new stake in Amazon.com during the 2nd quarter worth approximately $28,000. Lountzis Asset Management LLC purchased a new stake in Amazon.com during the 2nd quarter worth approximately $28,000. James Investment Research Inc. purchased a new stake in Amazon.com during the 2nd quarter worth approximately $55,000. CBIZ Investment Advisory Services LLC grew its position in Amazon.com by 262.5% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 29 shares of the e-commerce giant’s stock worth $57,000 after purchasing an additional 21 shares during the last quarter. Finally, Spence Asset Management boosted its holdings in shares of Amazon.com by 57.1% in the 2nd quarter. Spence Asset Management now owns 22 shares of the e-commerce giant’s stock valued at $61,000 after acquiring an additional 8 shares during the last quarter. 57.32% of the stock is owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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