Amazon.com Inc. (NASDAQ:AMZN) had its price target upped by Maxim Group from $825.00 to $940.00 in a report published on Wednesday. The firm currently has a buy rating on the e-commerce giant’s stock.
AMZN has been the topic of several other research reports. Jefferies Group reaffirmed a buy rating and set a $865.00 price objective on shares of Amazon.com in a research note on Monday, June 27th. Zacks Investment Research raised Amazon.com from a hold rating to a buy rating and set a $774.00 price target on the stock in a research note on Tuesday, June 28th. Royal Bank Of Canada dropped their price target on Amazon.com from $1,000.00 to $840.00 and set an outperform rating on the stock in a research note on Friday, September 16th. William Blair assumed coverage on Amazon.com in a research note on Friday, June 10th. They issued an outperform rating on the stock. Finally, Evercore ISI reissued a buy rating on shares of Amazon.com in a research note on Monday, July 18th. Seven investment analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $885.11.
Shares of Amazon.com (NASDAQ:AMZN) opened at 836.74 on Wednesday. Amazon.com has a 1-year low of $474.00 and a 1-year high of $839.95. The company has a market cap of $396.68 billion, a P/E ratio of 208.09 and a beta of 1.19. The stock’s 50 day moving average price is $781.12 and its 200 day moving average price is $712.35.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.67. The business had revenue of $30.40 billion for the quarter, compared to the consensus estimate 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 was up 31.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.19 EPS. Equities research analysts forecast that Amazon.com will post $5.82 earnings per share for the current year.
In related news, VP Shelley Reynolds sold 625 shares of the business’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $770.10, for a total value of $481,312.50. Following the sale, the vice president now owns 6,519 shares of the company’s stock, valued at $5,020,281.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider David Zapolsky sold 2,019 shares of the business’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $769.67, for a total transaction of $1,553,963.73. Following the completion of the sale, the insider now directly owns 2,469 shares in the company, valued at approximately $1,900,315.23. The disclosure for this sale can be found here. 17.70% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of 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 in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Amazon.com by 1.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 10,080,377 shares of the e-commerce giant’s stock worth $7,213,719,000 after buying an additional 111,791 shares during the period. BlackRock Fund Advisors boosted its stake in shares of Amazon.com by 1.8% in the second quarter. BlackRock Fund Advisors now owns 4,694,139 shares of the e-commerce giant’s stock worth $3,359,220,000 after buying an additional 82,894 shares during the period. Geode Capital Management LLC boosted its stake in shares of Amazon.com by 2.7% in the first quarter. Geode Capital Management LLC now owns 3,296,671 shares of the e-commerce giant’s stock worth $1,953,245,000 after buying an additional 88,130 shares during the period. Finally, BlackRock Group LTD boosted its stake in shares of Amazon.com by 1.5% in the first quarter. BlackRock Group LTD now owns 3,018,330 shares of the e-commerce giant’s stock worth $1,791,801,000 after buying an additional 45,684 shares during the period. 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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