Vetr downgraded shares of Amazon.com Inc. (NASDAQ:AMZN) from a buy rating to a hold rating in a research note released on Wednesday. Vetr currently has $854.95 price target on the e-commerce giant’s stock.
AMZN has been the topic of several other reports. Goldman Sachs Group Inc. reissued a buy rating and set a $920.00 price target on shares of Amazon.com in a research note on Thursday, September 8th. Mizuho increased their price target on shares of Amazon.com from $855.00 to $950.00 and gave the company a buy rating in a research note on Friday, September 23rd. Evercore ISI reissued a buy rating and set a $1,015.00 price target (up from $930.00) on shares of Amazon.com in a research note on Friday, September 16th. Piper Jaffray Cos. reissued an overweight rating and set a $900.00 price target on shares of Amazon.com in a research note on Wednesday, September 7th. Finally, JPMorgan Chase & Co. reissued an overweight rating and set a $925.00 price target on shares of Amazon.com in a research note on Friday, September 9th. Six analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $881.13.
Amazon.com (NASDAQ:AMZN) opened at 828.72 on Wednesday. Amazon.com has a 52-week low of $474.00 and a 52-week high of $830.14. The firm’s 50-day moving average price is $775.67 and its 200 day moving average price is $705.65. The stock has a market cap of $392.87 billion, a P/E ratio of 206.10 and a beta of 1.11.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.67. The company earned $30.40 billion during the quarter, compared to analyst estimates of $29.54 billion. Amazon.com had a net margin of 1.60% and a return on equity of 13.52%. The company’s revenue was up 31.1% on a year-over-year basis. During the same quarter last year, the business posted $0.19 earnings per share. Equities analysts predict that Amazon.com will post $5.81 earnings per share for the current year.
In related news, CEO Jeffrey P. Bezos sold 1,000,000 shares of the firm’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $756.74, for a total transaction of $756,740,000.00. Following the completion of the sale, the chief executive officer now owns 81,871,067 shares in the company, valued at $61,955,111,241.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey M. Blackburn sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $760.98, for a total transaction of $7,609,800.00. Following the sale, the insider now owns 55,887 shares of the company’s stock, valued at approximately $42,528,889.26. The disclosure for this sale can be found here. 17.70% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Amazon.com by 4.8% in the second quarter. Vanguard Group Inc. now owns 23,795,875 shares of the e-commerce giant’s stock worth $17,028,804,000 after buying an additional 1,082,051 shares during the period. Emerald Acquisition Ltd. bought a new stake in Amazon.com during the second quarter worth about $479,380,000. Societe Generale bought a new stake in Amazon.com during the second quarter worth about $391,842,000. Bank of Montreal Can bought a new stake in Amazon.com during the second quarter worth about $341,933,000. Finally, Point72 Asset Management L.P. increased its stake in Amazon.com by 224.2% in the second quarter. Point72 Asset Management L.P. now owns 666,620 shares of the e-commerce giant’s stock worth $477,047,000 after buying an additional 461,020 shares during the period. Institutional investors and hedge funds own 65.44% of the company’s stock.
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).
To view Vetr’s full report, visit Vetr’s official website.
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