Vetr upgraded shares of Amazon.com, Inc. (NASDAQ:AMZN) from a buy rating to a strong-buy rating in a research note issued to investors on Wednesday. Vetr currently has $1,136.35 price target on the e-commerce giant’s stock.
Several other research analysts also recently weighed in on AMZN. UBS AG downgraded Amazon.com from an outperform rating to a market perform rating in a report on Tuesday, April 25th. KeyCorp reiterated a hold rating on shares of Amazon.com in a report on Thursday, June 22nd. Robert W. Baird reiterated an outperform rating and issued a $850.00 price target on shares of Amazon.com in a report on Thursday, April 6th. Stifel Nicolaus reiterated a buy rating and issued a $1,025.00 price target on shares of Amazon.com in a report on Monday, April 24th. Finally, Argus cut their price target on Amazon.com from $1,050.00 to $935.00 and set a buy rating for the company in a report on Monday, May 1st. Five research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $1,022.31.
Shares of Amazon.com (NASDAQ AMZN) opened at 1010.04 on Wednesday. The firm’s 50-day moving average price is $983.46 and its 200 day moving average price is $880.70. The firm has a market cap of $482.77 billion, a PE ratio of 190.21 and a beta of 1.48. Amazon.com has a 1-year low of $710.10 and a 1-year high of $1,017.00.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, April 27th. The e-commerce giant reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.45. Amazon.com had a return on equity of 13.72% and a net margin of 1.81%. The firm had revenue of $35.71 billion for the quarter, compared to analyst estimates of $35.31 billion. During the same quarter in the prior year, the company earned $1.07 EPS. Amazon.com’s revenue was up 22.6% on a year-over-year basis. On average, equities research analysts forecast that Amazon.com will post $6.68 EPS for the current fiscal year.
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In other Amazon.com news, Director Tom A. Alberg sold 670 shares of Amazon.com stock in a transaction on Friday, May 5th. The shares were sold at an average price of $940.45, for a total transaction of $630,101.50. Following the completion of the sale, the director now owns 21,855 shares of the company’s stock, valued at approximately $20,553,534.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David Zapolsky sold 505 shares of Amazon.com stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $946.59, for a total transaction of $478,027.95. Following the sale, the insider now directly owns 2,018 shares of the company’s stock, valued at approximately $1,910,218.62. The disclosure for this sale can be found here. Insiders have sold a total of 1,014,090 shares of company stock valued at $954,546,394 in the last three months. Company insiders own 17.70% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Good Life Advisors LLC bought a new stake in shares of Amazon.com during the fourth quarter worth about $386,000. Asset Management One Co. Ltd. increased its position in Amazon.com by 728.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 696,134 shares of the e-commerce giant’s stock worth $522,899,000 after buying an additional 612,153 shares in the last quarter. Adviser Investments LLC acquired a new position in Amazon.com during the fourth quarter worth $356,000. Aviva PLC increased its position in Amazon.com by 4.1% in the fourth quarter. Aviva PLC now owns 279,285 shares of the e-commerce giant’s stock worth $209,523,000 after buying an additional 10,993 shares in the last quarter. Finally, Elkfork Partners LLC acquired a new position in Amazon.com during the fourth quarter worth $45,079,000. 62.49% of the stock is owned by institutional investors.
Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
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