AMZN has been the subject of a number of other research reports. Jefferies Group reiterated a buy rating and set a $865.00 price objective on shares of Amazon.com in a research report on Monday, June 27th. Zacks Investment Research upgraded Amazon.com from a hold rating to a buy rating and set a $774.00 price target for the company in a research report on Tuesday, June 28th. Royal Bank Of Canada reduced their price target on Amazon.com from $1,000.00 to $840.00 and set an outperform rating for the company in a research report on Friday, September 16th. William Blair began coverage on Amazon.com in a research report on Friday, June 10th. They issued an outperform rating for the company. Finally, Evercore ISI restated a buy rating on shares of Amazon.com in a research report on Monday, July 18th. Seven equities research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $885.11.
Amazon.com (NASDAQ:AMZN) opened at 836.74 on Wednesday. Amazon.com has a one year low of $474.00 and a one year high of $839.95. The stock has a market capitalization of $396.68 billion, a PE ratio of 208.09 and a beta of 1.19. The company’s 50 day moving average price is $781.12 and its 200-day moving average price is $712.35.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.67. The company earned $30.40 billion during the quarter, compared to analysts’ expectations of $29.54 billion. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. Amazon.com’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.19 earnings per share. Analysts expect that Amazon.com will post $5.82 earnings per share for the current year.
In other Amazon.com news, CEO Andrew R. Jassy sold 14,000 shares of Amazon.com stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $800.00, for a total transaction of $11,200,000.00. Following the completion of the sale, the chief executive officer now owns 68,141 shares of the company’s stock, valued at approximately $54,512,800. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of Amazon.com stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $756.74, for a total value of $756,740,000.00. Following the sale, the chief executive officer now directly owns 81,871,067 shares of the company’s stock, valued at approximately $61,955,111,241.58. The disclosure for this sale can be found here. 17.70% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of AMZN. Lodestar Investment Counsel LLC IL boosted its stake in shares of Amazon.com by 1.2% in the first quarter. Lodestar Investment Counsel LLC IL now owns 500 shares of the e-commerce giant’s stock worth $297,000 after buying an additional 6 shares in the last quarter. OLD National Bancorp IN boosted its stake in shares of Amazon.com by 5.5% in the first quarter. OLD National Bancorp IN now owns 4,549 shares of the e-commerce giant’s stock worth $2,700,000 after buying an additional 238 shares in the last quarter. UMB Bank N A MO boosted its stake in shares of Amazon.com by 1.6% in the first quarter. UMB Bank N A MO now owns 10,690 shares of the e-commerce giant’s stock worth $6,346,000 after buying an additional 172 shares in the last quarter. Sumway Development LTD. purchased a new stake in shares of Amazon.com during the first quarter worth approximately $21,163,000. Finally, Kelman Lazarov Inc. purchased a new stake in shares of Amazon.com during the first quarter worth approximately $269,000. 65.44% of the stock is owned by institutional investors.
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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