Amazon.com Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating restated by stock analysts at Deutsche Bank AG in a research report issued on Wednesday. They presently have a $985.00 target price on the e-commerce giant’s stock. Deutsche Bank AG’s price objective suggests a potential upside of 18.78% from the company’s current price.
AMZN has been the subject 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 report on Thursday, September 8th. Mizuho lifted their price target on Amazon.com from $855.00 to $950.00 and gave the stock a “buy” rating in a report 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 report on Friday, September 16th. Vetr raised Amazon.com from a “hold” rating to a “buy” rating and set a $880.16 price target for the company in a report on Thursday, October 6th. Finally, Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $900.00 price objective on shares of Amazon.com in a report on Wednesday, September 7th. Five research analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $894.98.
Shares of Amazon.com (NASDAQ:AMZN) opened at 829.28 on Wednesday. The company has a market cap of $393.14 billion, a PE ratio of 206.24 and a beta of 1.20. Amazon.com has a one year low of $474.00 and a one year high of $847.21. The stock’s 50 day moving average price is $798.20 and its 200 day moving average price is $724.68.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results 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 business 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 firm’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period last year, the firm posted $0.19 EPS. Equities analysts predict that Amazon.com will post $5.85 earnings per share for the current fiscal year.
In other news, CEO Jeffrey P. Bezos sold 1,000,000 shares of Amazon.com stock in a transaction dated Thursday, August 4th. The shares were 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 owns 81,871,067 shares in the company, valued at $61,955,111,241.58. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 625 shares of Amazon.com stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $770.10, for a total transaction of $481,312.50. Following the completion of the sale, the vice president now owns 6,519 shares in the company, valued at approximately $5,020,281.90. The disclosure for this sale can be found here. Corporate insiders own 17.70% of the company’s stock.
Several hedge funds have recently made changes to their positions in AMZN. Private Trust Co. NA raised its stake in shares of Amazon.com by 2.8% in the third quarter. Private Trust Co. NA now owns 2,684 shares of the e-commerce giant’s stock valued at $2,247,000 after buying an additional 72 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co bought a new stake in shares of Amazon.com during the third quarter valued at about $285,000. Cohen Capital Management Inc. raised its stake in shares of Amazon.com by 27.8% in the third quarter. Cohen Capital Management Inc. now owns 460 shares of the e-commerce giant’s stock valued at $385,000 after buying an additional 100 shares during the period. Private Bank & Trust Co. raised its stake in shares of Amazon.com by 1.7% in the third quarter. Private Bank & Trust Co. now owns 2,450 shares of the e-commerce giant’s stock valued at $2,051,000 after buying an additional 40 shares during the period. Finally, Forte Capital LLC ADV raised its stake in shares of Amazon.com by 1.1% in the third quarter. Forte Capital LLC ADV now owns 6,189 shares of the e-commerce giant’s stock valued at $5,182,000 after buying an additional 70 shares during the period. Institutional investors and hedge funds own 65.44% of the company’s stock.
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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