Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “hold” rating reiterated by equities research analysts at KeyCorp in a note issued to investors on Sunday, July 23rd.
The analysts wrote, “We think Amazon.com should post solid results despite a still tentative consumer. The Company has made a number of muscle moves in retail (Prime Wardrobe, Whole Foods, Kenmore appliances) that will serve as long-term growth drivers. FC growth in 2H16 likely pressured fulfillment expense, but revenue growth is likely similar to 1Q.””
Several other research analysts have also recently weighed in on the company. Robert W. Baird upgraded Amazon.com from an “outperform” rating to a “neutral” rating in a research report on Monday, May 15th. Barclays PLC started coverage on Amazon.com in a research report on Tuesday, March 28th. They set an “overweight” rating and a $1,120.00 price target for the company. Royal Bank Of Canada reduced their price target on Amazon.com from $1,100.00 to $900.00 and set an “outperform” rating for the company in a research report on Monday, May 1st. Vetr upgraded Amazon.com from a “buy” rating to a “strong-buy” rating and set a $1,095.08 price target for the company in a research report on Monday, July 3rd. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $1,200.00 price target (up from $900.00) on shares of Amazon.com in a research report on Tuesday, April 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, forty-four have assigned a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $1,078.80.
Amazon.com (NASDAQ AMZN) traded down 0.22% during midday trading on Friday, hitting $958.47. 3,284,821 shares of the stock traded hands. Amazon.com has a 12 month low of $710.10 and a 12 month high of $1,083.31. The company has a 50-day moving average of $995.90 and a 200-day moving average of $931.08. The stock has a market cap of $460.43 billion, a PE ratio of 243.76 and a beta of 1.48.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data 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. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The firm had revenue of $37.96 billion during the quarter, compared to analysts’ expectations of $37.18 billion. During the same quarter in the previous year, the business earned $1.78 earnings per share. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year. On average, equities research analysts anticipate that Amazon.com will post $3.83 earnings per share for the current year.
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In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,000 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $1,011.06, for a total transaction of $2,022,120.00. Following the sale, the chief executive officer now owns 10,000 shares in the company, valued at approximately $10,110,600. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jeffrey A. Wilke sold 4,000 shares of the stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $969.73, for a total value of $3,878,920.00. Following the sale, the chief executive officer now owns 10,000 shares in the company, valued at approximately $9,697,300. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,463 shares of company stock worth $16,299,266. 17.70% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the stock. Leavell Investment Management Inc. boosted its stake in Amazon.com by 0.3% in the second quarter. Leavell Investment Management Inc. now owns 394 shares of the e-commerce giant’s stock valued at $381,000 after buying an additional 1 shares during the period. SeaBridge Investment Advisors LLC boosted its stake in Amazon.com by 0.4% in the second quarter. SeaBridge Investment Advisors LLC now owns 272 shares of the e-commerce giant’s stock valued at $263,000 after buying an additional 1 shares during the period. Stillwater Capital Advisors LLC boosted its stake in Amazon.com by 0.4% in the first quarter. Stillwater Capital Advisors LLC now owns 526 shares of the e-commerce giant’s stock valued at $466,000 after buying an additional 2 shares during the period. Beese Fulmer Investment Management Inc. boosted its stake in Amazon.com by 0.7% in the first quarter. Beese Fulmer Investment Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $256,000 after buying an additional 2 shares during the period. Finally, Round Table Services LLC boosted its stake in Amazon.com by 0.3% in the first quarter. Round Table Services LLC now owns 701 shares of the e-commerce giant’s stock valued at $621,000 after buying an additional 2 shares during the period. Hedge funds and other institutional investors own 61.90% 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.
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