According to Zacks, “Amazon is one of the largest online retailers in the world. Amazon is driving value across all its businesses and especially the retail business remains very hard to beat on price, choice and convenience. The company has a solid loyalty system in Prime and its FBA strategy, and content addition continues to add selection to Prime memberships. The AWS generates much higher margins than retail, so it has a very positive impact on Amazon’s profitability. Devices and IoT is also a potential growth area. However, Prime saturation in the U.S. market and competition in online retail remains concern.”
A number of other research firms have also issued reports on AMZN. Wedbush reiterated an outperform rating and issued a $900.00 target price on shares of Amazon.com in a report on Friday, September 30th. JMP Securities lifted their target price on Amazon.com from $840.00 to $950.00 and gave the company a buy rating in a report on Friday, September 30th. Guggenheim assumed coverage on Amazon.com in a report on Friday, September 30th. They issued a buy rating and a $950.00 target price for the company. Vetr lowered Amazon.com from a buy rating to a hold rating and set a $854.95 target price for the company. in a report on Wednesday, September 28th. Finally, JPMorgan Chase & Co. reiterated a buy rating on shares of Amazon.com in a report on Wednesday, September 28th. Seven investment analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $889.55.
Amazon.com (NASDAQ:AMZN) opened at 844.36 on Monday. The firm has a market capitalization of $400.29 billion, a price-to-earnings ratio of 209.99 and a beta of 1.20. The stock has a 50 day moving average price of $785.29 and a 200-day moving average price of $715.33. Amazon.com has a one year low of $474.00 and a one year high of $845.67.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.67. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. The business earned $30.40 billion during the quarter, compared to analysts’ expectations of $29.54 billion. During the same period in the previous year, the firm posted $0.19 earnings per share. The company’s revenue was up 31.1% on a year-over-year basis. On average, analysts predict that Amazon.com will post $5.82 earnings per share for the current fiscal year.
In related news, insider Jeffrey M. Blackburn sold 10,000 shares of Amazon.com stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $760.98, for a total value of $7,609,800.00. Following the transaction, the insider now owns 55,887 shares in the company, valued at approximately $42,528,889.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of Amazon.com stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $756.74, for a total transaction of $756,740,000.00. Following the completion of the transaction, the chief executive officer now owns 81,871,067 shares in the company, valued at approximately $61,955,111,241.58. The disclosure for this sale can be found here. 17.70% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in AMZN. Private Asset Management Inc. increased its position in shares of Amazon.com by 0.8% in the third quarter. Private Asset Management Inc. now owns 3,276 shares of the e-commerce giant’s stock valued at $2,743,000 after buying an additional 27 shares during the period. Telemus Capital LLC increased its position in shares of Amazon.com by 7.8% in the third quarter. Telemus Capital LLC now owns 14,683 shares of the e-commerce giant’s stock valued at $12,294,000 after buying an additional 1,057 shares during the period. McQueen Ball & Associates Inc. purchased a new position in shares of Amazon.com during the third quarter valued at approximately $226,000. Burns J W & Co. Inc. NY increased its position in shares of Amazon.com by 11.6% in the third quarter. Burns J W & Co. Inc. NY now owns 2,634 shares of the e-commerce giant’s stock valued at $2,205,000 after buying an additional 273 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in shares of Amazon.com by 128.6% in the third quarter. BNP Paribas Arbitrage SA now owns 230,889 shares of the e-commerce giant’s stock valued at $193,326,000 after buying an additional 129,892 shares during the period. Hedge funds and other institutional investors own 65.44% of the company’s stock.
Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).
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