Amazon.com, Inc. (AMZN) Rating Reiterated by Citigroup Inc.

Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating restated by stock analysts at Citigroup Inc. in a research report issued on Friday. They presently have a $1,250.00 price target on the e-commerce giant’s stock. Citigroup Inc.’s target price indicates a potential upside of 13.54% from the stock’s previous close.

A number of other brokerages have also weighed in on AMZN. Credit Suisse Group reiterated an “outperform” rating on shares of Amazon.com in a report on Thursday, August 31st. Cowen and Company reiterated an “outperform” rating and set a $1,125.00 price objective on shares of Amazon.com in a report on Thursday, August 10th. Zacks Investment Research lowered shares of Amazon.com from a “hold” rating to a “strong sell” rating in a report on Monday, July 24th. Barclays PLC lifted their price objective on shares of Amazon.com from $1,120.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, July 28th. Finally, MKM Partners reiterated a “buy” rating and set a $1,275.00 price objective on shares of Amazon.com in a report on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and fifty have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $1,135.75.

Shares of Amazon.com (NASDAQ AMZN) traded up 13.22% during trading on Friday, hitting $1100.95. 16,565,021 shares of the stock traded hands. Amazon.com has a 12 month low of $710.10 and a 12 month high of $1,105.58. The firm’s 50-day moving average price is $980.24 and its 200-day moving average price is $974.26. The stock has a market cap of $528.87 billion, a PE ratio of 280.00 and a beta of 1.47.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.57). Amazon.com had a return on equity of 9.00% and a net margin of 1.20%. The firm had revenue of $43.74 billion for the quarter, compared to analysts’ expectations of $42.26 billion. During the same period in the prior year, the firm posted $0.52 earnings per share. Amazon.com’s revenue for the quarter was up 33.7% on a year-over-year basis. Analysts anticipate that Amazon.com will post $3.67 EPS for the current year.

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In other news, VP Shelley Reynolds sold 544 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $986.52, for a total transaction of $536,666.88. Following the transaction, the vice president now directly owns 6,533 shares in the company, valued at $6,444,935.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 10,000 shares in the company, 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 worth $8,874,850. Insiders own 17.70% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of 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 acquiring an additional 764,115 shares during the last quarter. BlackRock Inc. grew its position in shares of 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 acquiring an additional 554,990 shares during the last quarter. State Street Corp grew its position in shares of Amazon.com by 1.1% during the first quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock worth $14,667,392,000 after acquiring an additional 186,756 shares during the last quarter. Capital Research Global Investors grew its position in shares of Amazon.com by 0.4% during the second quarter. Capital Research Global Investors now owns 10,711,772 shares of the e-commerce giant’s stock worth $10,368,995,000 after acquiring an additional 40,068 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its position in shares of Amazon.com by 1.7% during the second quarter. TIAA CREF Investment Management LLC now owns 2,828,302 shares of the e-commerce giant’s stock worth $2,737,796,000 after acquiring an additional 46,800 shares during the last quarter. Institutional investors and hedge funds own 60.80% 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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