Amazon.com Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating reiterated by investment analysts at Canaccord Genuity in a research report issued on Tuesday. They presently have a $825.00 price objective on the e-commerce giant’s stock. Canaccord Genuity’s price target indicates a potential downside of 1.08% from the company’s current price.
Several other analysts also recently issued reports on the company. Piper Jaffray Cos. reiterated a “positive” rating on shares of Amazon.com in a report on Tuesday. Zacks Investment Research downgraded Amazon.com from a “buy” rating to a “hold” rating in a report on Monday. Wedbush restated an “outperform” rating on shares of Amazon.com in a research note on Friday. JMP Securities raised their target price on Amazon.com from $840.00 to $950.00 and gave the company a “buy” rating in a research note on Friday. Finally, Guggenheim assumed coverage on Amazon.com in a research note on Friday. They set a “buy” rating and a $950.00 target price for the company. Seven 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 an average price target of $885.11.
Amazon.com (NASDAQ:AMZN) traded down 0.32% during mid-day trading on Tuesday, hitting $834.03. The stock had a trading volume of 2,946,600 shares. The firm has a market cap of $395.39 billion, a PE ratio of 207.42 and a beta of 1.19. The company has a 50-day moving average of $781.12 and a 200-day moving average of $712.35. Amazon.com has a 12-month low of $474.00 and a 12-month high of $842.36.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share (EPS) for the quarter, beating the 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 firm earned $30.40 billion during the quarter, compared to the consensus estimate of $29.54 billion. During the same period in the prior year, the firm earned $0.19 EPS. The firm’s quarterly revenue was up 31.1% compared to the same quarter last year. 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 2,305 shares of the company’s 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 sale, the chief executive officer now owns 84,446 shares of the company’s stock, valued at $65,002,308.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the company’s stock in a transaction that occurred on 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 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 currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. Pathstone Family Office LLC increased its stake in shares of Amazon.com by 92.1% in the second quarter. Pathstone Family Office LLC now owns 146 shares of the e-commerce giant’s stock valued at $105,000 after buying an additional 70 shares during the last quarter. Kistler Tiffany Companies LLC increased its stake in shares of Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock valued at $108,000 after buying an additional 136 shares during the last quarter. Kings Point Capital Management purchased a new stake in shares of Amazon.com during the second quarter valued at approximately $109,000. Krilogy Financial LLC increased its stake in shares of Amazon.com by 157.1% in the second quarter. Krilogy Financial LLC now owns 198 shares of the e-commerce giant’s stock valued at $142,000 after buying an additional 121 shares during the last quarter. Finally, West Oak Capital LLC increased its stake in shares of Amazon.com by 105.7% in the second quarter. West Oak Capital LLC now owns 216 shares of the e-commerce giant’s stock valued at $155,000 after buying an additional 111 shares during the last quarter. 65.44% of the stock is owned by hedge funds and other 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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