SunTrust Banks, Inc. reiterated their buy rating on shares of Amazon.com, Inc. (NASDAQ:AMZN) in a report released on Friday morning, The Fly reports. The brokerage currently has a $1,270.00 target price on the e-commerce giant’s stock, up from their previous target price of $1,190.00. SunTrust Banks also issued estimates for Amazon.com’s Q4 2017 earnings at $2.07 EPS.
Several other equities analysts also recently weighed in on the company. Jefferies Group LLC reissued a buy rating and set a $70.67 target price (down previously from $1,350.00) on shares of Amazon.com in a research report on Friday. Citigroup Inc. reissued a buy rating and set a $1,250.00 target price on shares of Amazon.com in a research report on Friday. Barclays PLC reissued an overweight rating and set a $1,210.00 target price (up previously from $1,150.00) on shares of Amazon.com in a research report on Friday. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating on shares of Amazon.com in a research report on Thursday. Finally, Cantor Fitzgerald reaffirmed a buy rating and issued a $1,150.00 price objective on shares of Amazon.com in a research report on Tuesday, October 24th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and fifty have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $1,135.75.
Amazon.com (NASDAQ:AMZN) traded up 1.21% during mid-day trading on Friday, hitting $1114.28. The stock had a trading volume of 5,674,917 shares. The stock’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 $535.28 billion, a price-to-earnings ratio of 283.39 and a beta of 1.47. Amazon.com has a 12 month low of $710.10 and a 12 month high of $1,122.79.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.57). The company had revenue of $43.74 billion for the quarter, compared to the consensus estimate of $42.26 billion. Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The business’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 EPS. On average, analysts predict that Amazon.com will post $4.20 earnings per share for the current year.
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In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,800 shares of Amazon.com 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 completion of the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $9,552,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian T. Olsavsky sold 2,334 shares of Amazon.com stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $988.90, for a total value of $2,308,092.60. Following the sale, the insider now directly owns 1,748 shares of the company’s stock, valued at $1,728,597.20. The disclosure for this sale can be found here. Insiders have sold a total of 9,083 shares of company stock valued at $8,874,850 over the last three months. 17.70% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in AMZN. Vestor Capital LLC lifted its holdings in Amazon.com by 10.1% during the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after buying an additional 10 shares during the last quarter. Clear Investment Research LLC lifted its holdings in Amazon.com by 73,100.0% during the 2nd quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock worth $107,000 after buying an additional 731 shares during the last quarter. WealthTrust Arizona LLC lifted its holdings in Amazon.com by 2.7% during the 2nd quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock worth $110,000 after buying an additional 3 shares during the last quarter. LeJeune Puetz Investment Counsel LLC purchased a new stake in Amazon.com during the 2nd quarter worth about $116,000. Finally, Mountain Capital Investment Advisors Inc purchased a new stake in Amazon.com during the 2nd quarter worth about $121,000. 60.77% of the stock is owned by institutional investors.
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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