Amazon.com, Inc. (NASDAQ:AMZN) was upgraded by equities researchers at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday, July 12th. The firm presently has a $1,136.35 price objective on the e-commerce giant’s stock. Vetr‘s price objective would suggest a potential upside of 17.39% from the company’s previous close.
Several other analysts have also recently issued reports on AMZN. UBS AG cut shares of Amazon.com from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 25th. MKM Partners reissued a “buy” rating on shares of Amazon.com in a research report on Thursday, March 30th. Nomura reissued a “buy” rating on shares of Amazon.com in a research report on Thursday, June 15th. Raymond James Financial, Inc. reissued a “market perform” rating and issued a $925.00 price objective on shares of Amazon.com in a research report on Tuesday, April 25th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $1,150.00 price objective on shares of Amazon.com in a research report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, forty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $1,065.61.
Shares of Amazon.com (AMZN) traded up 1.16% on Wednesday, hitting $967.99. The stock had a trading volume of 3,468,017 shares. The company has a market capitalization of $465.00 billion, a price-to-earnings ratio of 246.18 and a beta of 1.48. Amazon.com has a 52 week low of $710.10 and a 52 week high of $1,083.31. The company has a 50-day moving average of $998.12 and a 200 day moving average of $926.08.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by $1.00. The business had revenue of $37.96 billion for the quarter, compared to analysts’ expectations of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.78 earnings per share. On average, equities research analysts predict that Amazon.com will post $3.83 EPS for the current year.
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In other news, CEO Jeffrey A. Wilke sold 710 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $987.39, for a total value of $701,046.90. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $9,873,900. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jeffrey A. Wilke sold 4,000 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $969.73, for a total transaction of $3,878,920.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $9,697,300. The disclosure for this sale can be found here. Insiders have sold a total of 10,890 shares of company stock valued at $10,800,023 in the last quarter. 17.70% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of AMZN. Norges Bank bought a new position in shares of Amazon.com during the fourth quarter valued at about $2,736,365,000. Harbour Capital Advisors LLC boosted its position in shares of Amazon.com by 100,947.5% in the second quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock valued at $2,379,000 after buying an additional 2,300,593 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Amazon.com by 2.9% in the second quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock valued at $26,003,758,000 after buying an additional 764,115 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in shares of 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 valued at $522,899,000 after buying an additional 612,153 shares during the last quarter. Finally, BlackRock Inc. boosted its position in shares of Amazon.com by 2.4% in the second quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock valued at $23,160,193,000 after buying an additional 554,990 shares during the last quarter. Institutional investors and hedge funds own 62.17% of the company’s stock.
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.
To view Vetr’s full report, visit Vetr’s official website.
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