Amazon.com Inc. (NASDAQ:AMZN) had its price target decreased by Royal Bank Of Canada from $1,000.00 to $840.00 in a research report sent to investors on Friday. Royal Bank Of Canada currently has an outperform rating on the e-commerce giant’s stock.
Several other analysts also recently issued reports on the company. Morgan Stanley restated an overweight rating on shares of Amazon.com in a research note on Thursday, September 15th. MKM Partners restated a buy rating and issued a $995.00 price target on shares of Amazon.com in a research note on Monday, September 12th. JPMorgan Chase & Co. restated an overweight rating and issued a $925.00 price target on shares of Amazon.com in a research note on Friday, September 9th. Goldman Sachs Group Inc. restated a buy rating and issued a $920.00 price target on shares of Amazon.com in a research note on Thursday, September 8th. Finally, Vetr upgraded Amazon.com from a hold rating to a buy rating and set a $834.78 price target for the company in a research note on Wednesday, September 7th. Seven investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $864.64.
Shares of Amazon.com (NASDAQ:AMZN) opened at 789.74 on Friday. Amazon.com has a 52 week low of $474.00 and a 52 week high of $790.79. The stock has a 50 day moving average price of $768.87 and a 200-day moving average price of $696.70. The firm has a market capitalization of $374.39 billion, a price-to-earnings ratio of 196.40 and a beta of 1.11.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.67. The business earned $30.40 billion during 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 quarterly revenue was up 31.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 EPS. On average, equities research analysts forecast that Amazon.com will post $5.76 earnings per share for the current year.
In other news, VP Shelley Reynolds sold 625 shares of the business’s 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 sale, the vice president now directly owns 6,519 shares of the company’s stock, valued at approximately $5,020,281.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The stock was 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 in the company, valued at $61,955,111,241.58. The disclosure for this sale can be found here. Company insiders own 17.70% of the company’s stock.
Several hedge funds have recently modified their holdings of AMZN. 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 worth $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 in the last quarter. 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. 65.44% of the stock is currently 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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