Amazon.com, Inc. (AMZN) Stock Rating Lowered by Vetr Inc.

Amazon.com, Inc. (NASDAQ:AMZN) was downgraded by equities researchers at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued on Tuesday. They presently have a $1,088.80 price target on the e-commerce giant’s stock. Vetr‘s price objective would suggest a potential upside of 9.43% from the company’s current price.

Several other equities analysts also recently commented on the stock. Morgan Stanley restated a “buy” rating and issued a $1,150.00 price target on shares of Amazon.com in a research note on Tuesday. Loop Capital restated a “buy” rating and issued a $1,200.00 price target on shares of Amazon.com in a research note on Monday, October 2nd. SunTrust Banks, Inc. restated a “buy” rating and issued a $1,190.00 price target on shares of Amazon.com in a research note on Monday, October 2nd. Cantor Fitzgerald restated a “buy” rating and issued a $1,150.00 price target on shares of Amazon.com in a research note on Thursday, September 28th. Finally, Wells Fargo & Company restated an “outperform” rating and issued a $1,400.00 price target on shares of Amazon.com in a research note on Tuesday, September 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-eight have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $1,115.21.

Shares of Amazon.com (AMZN) opened at 995.00 on Tuesday. Amazon.com has a 12 month low of $710.10 and a 12 month high of $1,083.31. The firm has a market capitalization of $477.98 billion, a price-to-earnings ratio of 253.05 and a beta of 1.47. The stock’s 50 day moving average is $968.83 and its 200 day moving average is $965.25.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($1.00). Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The business had revenue of $37.96 billion during the quarter, compared to analyst estimates of $37.18 billion. During the same quarter last year, the company posted $1.78 earnings per share. The company’s revenue was up 24.8% on a year-over-year basis. Equities research analysts forecast that Amazon.com will post $3.59 earnings per share for the current fiscal year.

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In other news, CEO Jeffrey A. Wilke sold 710 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $981.74, for a total transaction of $697,035.40. Following the completion of the transaction, the chief executive officer now owns 15,312 shares of the company’s stock, valued at $15,032,402.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 544 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $986.52, for a total value of $536,666.88. Following the transaction, the vice president now directly owns 6,533 shares of the company’s stock, valued at approximately $6,444,935.16. The disclosure for this sale can be found here. Insiders have sold 9,083 shares of company stock valued at $8,874,850 in the last three months. 17.70% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Osborn Williams & Donohoe LLC grew its holdings in shares of Amazon.com by 1.1% during the second quarter. Osborn Williams & Donohoe LLC now owns 915 shares of the e-commerce giant’s stock worth $886,000 after purchasing an additional 10 shares in the last quarter. Reinhart Partners Inc. grew its holdings in shares of Amazon.com by 66.8% during the first quarter. Reinhart Partners Inc. now owns 789 shares of the e-commerce giant’s stock worth $699,000 after purchasing an additional 316 shares in the last quarter. Murphy Capital Management Inc. grew its holdings in shares of Amazon.com by 1.4% during the second quarter. Murphy Capital Management Inc. now owns 9,856 shares of the e-commerce giant’s stock worth $9,540,000 after purchasing an additional 140 shares in the last quarter. IBM Retirement Fund grew its holdings in shares of Amazon.com by 76.6% during the second quarter. IBM Retirement Fund now owns 9,728 shares of the e-commerce giant’s stock worth $10,523,000 after purchasing an additional 4,218 shares in the last quarter. Finally, CAPROCK Group Inc. grew its holdings in shares of Amazon.com by 9.2% during the first quarter. CAPROCK Group Inc. now owns 3,529 shares of the e-commerce giant’s stock worth $3,129,000 after purchasing an additional 298 shares in the last quarter. 60.77% of the stock is owned by institutional investors.

About Amazon.com

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 Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

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