Other equities research analysts have also recently issued reports about the company. JMP Securities reissued a buy rating and issued a $775.00 target price on shares of Amazon.com in a research note on Saturday, July 9th. Deutsche Bank AG restated a buy rating and issued a $900.00 price target on shares of Amazon.com in a research report on Sunday, July 10th. Bank of America Corp. restated a buy rating and issued a $840.00 price target on shares of Amazon.com in a research report on Sunday, July 17th. RBC Capital Markets set a $840.00 price target on Amazon.com and gave the stock a buy rating in a research report on Friday, July 29th. Finally, Vetr upgraded Amazon.com from a hold rating to a buy rating and set a $744.13 price target on the stock in a research report on Monday, June 20th. Five analysts have rated the stock with a hold rating, forty-six have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $897.87.
Amazon.com (NASDAQ:AMZN) opened at 817.65 on Thursday. The firm has a market capitalization of $387.63 billion, a price-to-earnings ratio of 203.34 and a beta of 1.20. The company’s 50-day moving average price is $802.60 and its 200 day moving average price is $731.43. Amazon.com has a 52-week low of $474.00 and a 52-week high of $847.21.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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%. The business’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same period last year, the firm earned $0.19 EPS. Equities analysts predict that Amazon.com will post $5.85 earnings per share for the current fiscal year.
In related news, CEO Andrew R. Jassy sold 2,305 shares of Amazon.com stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $769.75, for a total value of $1,774,273.75. Following the completion of the transaction, the chief executive officer now directly owns 84,446 shares in the company, valued at approximately $65,002,308.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 14,000 shares of Amazon.com stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $800.00, for a total transaction of $11,200,000.00. Following the completion of the transaction, the chief executive officer now owns 68,141 shares of the company’s stock, valued at $54,512,800. The disclosure for this sale can be found here. Insiders own 17.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMZN. Vanguard Group Inc. raised its position 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 in the last quarter. Emerald Acquisition Ltd. acquired a new position in Amazon.com during the second quarter worth $479,380,000. Societe Generale acquired a new position in Amazon.com during the second quarter worth $391,842,000. Bank of Montreal Can acquired a new position in Amazon.com during the second quarter worth $341,933,000. Finally, Point72 Asset Management L.P. raised its position 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 in the last quarter. Institutional investors and hedge funds own 65.47% 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).
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