Other equities analysts also recently issued reports about the company. Vetr upgraded Amazon.com from a hold rating to a buy rating and set a $744.13 price target for the company in a report on Monday, June 20th. Pacific Crest restated a buy rating on shares of Amazon.com in a report on Thursday, June 16th. KeyCorp restated a buy rating on shares of Amazon.com in a report on Friday, June 17th. Maxim Group initiated coverage on Amazon.com in a report on Wednesday, June 22nd. They set a buy rating and a $825.00 price target for the company. Finally, Brean Capital started coverage on Amazon.com in a report on Wednesday, June 22nd. They set a buy rating for the company. Five research 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 stock. The stock currently has a consensus rating of Buy and an average price target of $891.31.
Amazon.com (NASDAQ:AMZN) traded down 1.10% during midday trading on Wednesday, reaching $824.95. 1,556,293 shares of the company’s stock traded hands. 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 $796.14 and its 200-day moving average price is $723.94. The stock has a market cap of $391.09 billion, a PE ratio of 205.16 and a beta of 1.20.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share 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 last year, the company earned $0.19 earnings per share. The company’s revenue was up 31.1% on a year-over-year basis. Equities analysts predict that Amazon.com will post $5.85 earnings per share for the current year.
In related news, VP Shelley Reynolds sold 625 shares of the stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $770.10, for a total value of $481,312.50. Following the completion of the sale, 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 legal filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the stock in a transaction that occurred on 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 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 owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake 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 valued at $17,028,804,000 after buying an additional 1,082,051 shares during the period. Emerald Acquisition Ltd. acquired a new stake in Amazon.com during the second quarter valued at about $479,380,000. Societe Generale acquired a new stake in Amazon.com during the second quarter valued at about $391,842,000. Bank of Montreal Can acquired a new stake in Amazon.com during the second quarter valued at about $341,933,000. Finally, Point72 Asset Management L.P. boosted its stake 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 valued at $477,047,000 after buying an additional 461,020 shares during the period. 65.44% of the stock is owned by hedge funds and other institutional investors.
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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