Amazon.com, Inc. (AMZN) Earns “Buy” Rating from Morgan Stanley

Morgan Stanley reiterated their buy rating on shares of Amazon.com, Inc. (NASDAQ:AMZN) in a report released on Friday.

Other equities research analysts have also recently issued research reports about the stock. Piper Jaffray Companies restated a buy rating and set a $1,200.00 target price on shares of Amazon.com in a research note on Friday, July 14th. BidaskClub upgraded shares of Amazon.com from a hold rating to a buy rating in a research note on Wednesday, July 12th. Sanford C. Bernstein restated a buy rating on shares of Amazon.com in a research note on Tuesday, July 11th. Vetr cut shares of Amazon.com from a strong-buy rating to a buy rating and set a $1,105.24 target price on the stock. in a research note on Monday, July 10th. Finally, UBS AG restated a buy rating and set a $1,200.00 target price (up previously from $1,100.00) on shares of Amazon.com in a research note on Monday, July 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and forty-nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $1,135.75.

Shares of Amazon.com (NASDAQ AMZN) traded up 0.050% during trading on Friday, reaching $1101.505. 4,088,564 shares of the company traded hands. The company has a market capitalization of $529.14 billion, a P/E ratio of 280.139 and a beta of 1.47. Amazon.com has a 52 week low of $710.10 and a 52 week high of $1,122.79. The company’s 50-day moving average price is $980.24 and its 200-day moving average price is $974.26.

Amazon.com (NASDAQ:AMZN) last released its 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 8.67% and a net margin of 1.20%. The firm had revenue of $43.74 billion for the quarter, compared to the consensus estimate of $42.26 billion. During the same quarter in the previous year, the business posted $0.52 EPS. Amazon.com’s revenue was up 33.7% on a year-over-year basis. Equities research analysts forecast that Amazon.com will post $3.67 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This story was published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this story can be accessed at https://www.com-unik.info/2017/10/30/amazon-com-inc-amzn-earns-buy-rating-from-morgan-stanley.html.

In other Amazon.com news, VP Shelley Reynolds sold 544 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $986.52, for a total value of $536,666.88. Following the completion of the sale, the vice president now directly owns 6,533 shares in the company, valued at approximately $6,444,935.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $955.20, for a total value of $2,674,560.00. Following the completion of 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 three months, insiders sold 9,083 shares of company stock valued at $8,874,850. 17.70% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the business. Vestor Capital LLC grew its holdings in Amazon.com by 10.1% in the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after buying an additional 10 shares in the last quarter. WealthTrust Arizona LLC grew its holdings in Amazon.com by 2.7% in the 2nd quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after buying an additional 3 shares in the last quarter. LeJeune Puetz Investment Counsel LLC purchased a new stake in Amazon.com in the 2nd quarter valued at $116,000. Mountain Capital Investment Advisors Inc purchased a new stake in Amazon.com in the 2nd quarter valued at $121,000. Finally, Farmers & Merchants Investments Inc. grew its holdings in Amazon.com by 560.0% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock valued at $128,000 after buying an additional 112 shares in the last quarter. Institutional investors own 60.77% of the company’s stock.

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.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

What are top analysts saying about Amazon.com Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Amazon.com Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit