Amazon.com, Inc. (AMZN) Stock Rating Reaffirmed by Morgan Stanley

Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating reiterated by equities research analysts at Morgan Stanley in a research note issued to investors on Tuesday. They presently have a $1,150.00 price objective on the e-commerce giant’s stock. Morgan Stanley’s price objective would suggest a potential upside of 15.58% from the stock’s current price.

A number of other analysts also recently issued reports on the stock. J P Morgan Chase & Co reiterated a “buy” rating on shares of Amazon.com in a report on Friday, July 28th. Vetr upgraded shares of Amazon.com from a “buy” rating to a “strong-buy” rating and set a $1,095.08 price target on the stock in a report on Monday, July 3rd. Citigroup Inc. reiterated a “buy” rating and issued a $1,200.00 price target (down from $1,220.00) on shares of Amazon.com in a report on Sunday, July 30th. Royal Bank Of Canada set a $1,100.00 price target on shares of Amazon.com and gave the company a “buy” rating in a report on Monday, September 11th. Finally, DA Davidson started coverage on shares of Amazon.com in a report on Wednesday, September 6th. They issued a “buy” rating and a $1,300.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating, forty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $1,115.21.

Amazon.com (NASDAQ AMZN) opened at 995.00 on Tuesday. Amazon.com has a 1-year low of $710.10 and a 1-year high of $1,083.31. The company has a 50-day moving average price of $968.83 and a 200-day moving average price of $965.25. The company has a market cap of $477.98 billion, a PE ratio of 253.05 and a beta of 1.47.

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

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In related news, CEO Jeffrey A. Wilke sold 710 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $987.39, for a total transaction of $701,046.90. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at $9,873,900. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total transaction of $2,674,560.00. Following the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $9,552,000. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,083 shares of company stock valued at $8,874,850. 17.70% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in AMZN. Harbour Capital Advisors LLC increased its position in Amazon.com by 100,947.5% during the second quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock worth $2,379,000 after purchasing an additional 2,300,593 shares during the last quarter. Janus Henderson Group PLC increased its position in Amazon.com by 1,045.8% during the second quarter. Janus Henderson Group PLC now owns 1,775,556 shares of the e-commerce giant’s stock worth $1,718,711,000 after purchasing an additional 1,620,588 shares during the last quarter. Vanguard Group Inc. increased its position in Amazon.com by 2.9% during the second quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock worth $26,003,758,000 after purchasing an additional 764,115 shares during the last quarter. BlackRock Inc. increased its position in Amazon.com by 2.4% during the second quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock worth $23,160,193,000 after purchasing an additional 554,990 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Amazon.com by 125.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 822,827 shares of the e-commerce giant’s stock worth $796,497,000 after purchasing an additional 457,300 shares during the last quarter. Hedge funds and other institutional investors own 60.77% of the company’s stock.

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 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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