Amazon.com, Inc. (NASDAQ:AMZN) was downgraded by Vetr from a “buy” rating to a “hold” rating in a report issued on Monday. They presently have a $816.32 price objective on the e-commerce giant’s stock. Vetr‘s target price indicates a potential upside of 2.57% from the stock’s current price.
A number of other research firms have also commented on AMZN. Wedbush set a $900.00 price target on Amazon.com and gave the stock a “buy” rating in a report on Sunday, October 30th. Zacks Investment Research lowered Amazon.com from a “hold” rating to a “sell” rating in a report on Wednesday, December 28th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Amazon.com in a report on Thursday, December 22nd. Nomura reaffirmed a “buy” rating and issued a $950.00 price target on shares of Amazon.com in a report on Monday, October 24th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Amazon.com in a report on Friday, December 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Amazon.com presently has an average rating of “Buy” and a consensus price target of $923.71.
Shares of Amazon.com (NASDAQ:AMZN) traded down 0.5931% during midday trading on Monday, reaching $791.1794. The company had a trading volume of 1,076,902 shares. The company has a 50 day moving average of $766.15 and a 200 day moving average of $770.70. The company has a market capitalization of $375.94 billion, a PE ratio of 181.2553 and a beta of 1.42. Amazon.com has a one year low of $474.00 and a one year high of $847.21.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.80 by $0.28. Amazon.com had a net margin of 1.64% and a return on equity of 13.47%. The firm had revenue of $32.71 billion for the quarter, compared to the consensus estimate of $32.69 billion. During the same period last year, the company posted $0.17 earnings per share. Amazon.com’s revenue for the quarter was up 29.0% on a year-over-year basis. Analysts predict that Amazon.com will post $4.76 EPS for the current fiscal year.
In other news, CEO Jeffrey A. Wilke sold 4,890 shares of the stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $767.15, for a total transaction of $3,751,363.50. Following the transaction, the chief executive officer now directly owns 58,139 shares in the company, valued at $44,601,333.85. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 17.70% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Hall Laurie J Trustee acquired a new position in Amazon.com during the fourth quarter worth about $631,000. ELCO Management Co. LLC acquired a new position in Amazon.com during the third quarter worth about $1,515,000. TrueNorth Inc. acquired a new position in Amazon.com during the third quarter worth about $1,387,000. RGT Capital Management Ltd. acquired a new position in Amazon.com during the third quarter worth about $503,000. Finally, Harvest Capital Management Inc increased its position in Amazon.com by 15.4% in the third quarter. Harvest Capital Management Inc now owns 450 shares of the e-commerce giant’s stock worth $335,000 after buying an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 64.47% of the company’s stock.
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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