Amazon.com, Inc. (AMZN) Earns Buy Rating from UBS AG

UBS AG reiterated their buy rating on shares of Amazon.com, Inc. (NASDAQ:AMZN) in a research note published on Friday morning, www.benzinga.com reports.

Several other research firms have also commented on AMZN. Jefferies Group LLC reissued a buy rating and issued a $1,250.00 price objective (up from $1,135.00) on shares of Amazon.com in a research report on Friday, July 28th. Wedbush reissued a buy rating and issued a $1,250.00 price objective on shares of Amazon.com in a research report on Friday, July 28th. Barclays PLC raised their price objective on Amazon.com from $1,120.00 to $1,150.00 and gave the company an overweight rating in a research report on Friday, July 28th. Deutsche Bank AG raised their price objective on Amazon.com from $1,135.00 to $1,175.00 and gave the company a buy rating in a research report on Friday, July 28th. Finally, Aegis raised their price objective on Amazon.com from $1,069.00 to $1,171.00 and gave the company a buy rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and forty-nine have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $1,135.75.

Amazon.com (NASDAQ:AMZN) traded up 0.10% during midday trading on Friday, hitting $1102.03. The company had a trading volume of 4,084,383 shares. Amazon.com has a 52-week low of $710.10 and a 52-week high of $1,122.79. The firm has a market cap of $529.39 billion, a price-to-earnings ratio of 280.27 and a beta of 1.47. The stock has a 50 day moving average of $980.24 and a 200 day moving average of $974.26.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.57). Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The firm had revenue of $43.74 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. On average, analysts anticipate that Amazon.com will post $3.67 EPS for the current year.

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In other news, CEO Jeffrey A. Wilke sold 2,800 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $955.20, for a total transaction of $2,674,560.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $9,552,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey A. Wilke sold 710 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $981.74, for a total transaction of $697,035.40. Following the transaction, the chief executive officer now directly owns 15,312 shares of the company’s stock, valued at approximately $15,032,402.88. 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 ninety days. 17.70% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Vestor Capital LLC raised its position in Amazon.com by 10.1% in the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after purchasing an additional 10 shares in the last quarter. WealthTrust Arizona LLC raised its position in Amazon.com by 2.7% in the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock worth $110,000 after purchasing an additional 3 shares in the last quarter. LeJeune Puetz Investment Counsel LLC acquired a new position in Amazon.com in the second quarter worth about $116,000. Mountain Capital Investment Advisors Inc acquired a new position in Amazon.com in the second quarter worth about $121,000. Finally, Farmers & Merchants Investments Inc. raised its position in Amazon.com by 560.0% in the second quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock worth $128,000 after purchasing an additional 112 shares in the last quarter. 60.77% of the stock is owned by institutional investors and hedge funds.

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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