Amazon.com Inc. (NASDAQ:AMZN) had its price target hoisted by Morgan Stanley from $800.00 to $950.00 in a report published on Wednesday morning. The firm currently has an overweight rating on the e-commerce giant’s stock.
A number of other research analysts have also issued reports on the stock. Canaccord Genuity reiterated a buy rating and issued a $825.00 price objective on shares of Amazon.com in a report on Tuesday. Piper Jaffray Cos. reiterated an overweight rating and issued a $900.00 price objective on shares of Amazon.com in a report on Tuesday. Zacks Investment Research lowered shares of Amazon.com from a buy rating to a hold rating in a report on Monday. Wedbush reiterated an outperform rating and issued a $900.00 price objective on shares of Amazon.com in a report on Friday, September 30th. Finally, JMP Securities raised their price target on shares of Amazon.com from $840.00 to $950.00 and gave the stock a buy rating in a report on Friday, September 30th. Seven analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $889.55.
Amazon.com (NASDAQ:AMZN) traded down 0.04% on Wednesday, hitting $843.99. 1,041,518 shares of the stock traded hands. The company has a market cap of $400.11 billion, a price-to-earnings ratio of 209.90 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 1-year low of $474.00 and a 1-year high of $847.21.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.67. The business 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 firm’s quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter last year, the business earned $0.19 EPS. On average, analysts anticipate that Amazon.com will post $5.82 EPS for the current fiscal year.
In other Amazon.com news, VP Shelley Reynolds sold 625 shares of the stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $770.10, for a total value of $481,312.50. Following the transaction, the vice president now owns 6,519 shares of the company’s stock, valued at $5,020,281.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 14,000 shares of the stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $800.00, for a total value of $11,200,000.00. Following the completion of the transaction, the chief executive officer now directly owns 68,141 shares in the company, valued at approximately $54,512,800. The disclosure for this sale can be found here. 17.70% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Virginia Retirement System purchased a new position in Amazon.com during the first quarter worth $62,725,000. Lockheed Martin Investment Management Co. increased its position in Amazon.com by 42.5% in the first quarter. Lockheed Martin Investment Management Co. now owns 5,700 shares of the e-commerce giant’s stock worth $3,384,000 after buying an additional 1,700 shares in the last quarter. Mn Services Vermogensbeheer B.V. purchased a new position in Amazon.com during the first quarter worth $5,203,000. Aperio Group LLC increased its position in Amazon.com by 3.4% in the first quarter. Aperio Group LLC now owns 155,148 shares of the e-commerce giant’s stock worth $92,102,000 after buying an additional 5,152 shares in the last quarter. Finally, Sarasin & Partners LLP increased its position in Amazon.com by 2.0% in the first quarter. Sarasin & Partners LLP now owns 385,407 shares of the e-commerce giant’s stock worth $228,793,000 after buying an additional 7,460 shares in the last quarter. 65.44% of the stock is currently 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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