Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating reiterated by Leerink Swann in a note issued to investors on Monday.
The analysts wrote, “unmatched scale” will certainly pose a challenge for Amazon should it enter the space, the analyst wrote (see Souda’s track record here). But it is unlikely in the first place Amazon will try to take over Thermo Fisher’s market, as this has been an ongoing on-and-off rumor for the past six years.In fact, it would be challenging for Amazon to try and take over the channel for four reasons, including:Lab supplies is a very small market at $15 billion as opposed to a $300 to $400 billion PBM market Amazon may find more lucrative.TMO’s stickiness would be very hard for anyone to break.Low-value purchase orders are streamlined to Thermo Fisher in a way that Amazon may not be able to replicate.Thermo Fisher deals with complex products that require large sales and support teams.Finally, it is difficult to imagine a scenario where Amazon supplies restriction enzymes, proteases, QPCRs, sequencing supplies, Nanodrops and LC-MS products.”We believe AMZN is fully capable of supplying orders of IT hardware and has taken share from CDW-G (the government/academic IT hardware provider) among universities and government accounts, but same cannot be said for Fisher’s catalog (Catalog LINK) just yet,”
AMZN has been the topic of several other research reports. Cantor Fitzgerald reissued a “buy” rating and set a $1,150.00 target price on shares of Amazon.com in a research note on Tuesday, October 24th. They noted that the move was a valuation call. Vetr downgraded Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,079.96 target price on the stock. in a research note on Monday, October 23rd. Canaccord Genuity reissued a “buy” rating and set a $1,250.00 target price (up previously from $1,200.00) on shares of Amazon.com in a research note on Friday. BidaskClub downgraded Amazon.com from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, SunTrust Banks, Inc. began coverage on Amazon.com in a research note on Tuesday, August 15th. They set a “buy” rating and a $1,220.00 target price on the stock. Five research analysts have rated the stock with a hold rating and fifty have given a buy rating to the company’s stock. Amazon.com currently has a consensus rating of “Buy” and a consensus target price of $1,135.75.
Amazon.com (NASDAQ AMZN) traded up 1.21% during mid-day trading on Monday, reaching $1114.31. 5,674,436 shares of the company’s stock traded hands. The company has a 50 day moving average price of $980.24 and a 200-day moving average price of $974.26. The stock has a market cap of $535.29 billion, a P/E ratio of 283.40 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 issued its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.57). The business 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 firm’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same period last year, the business posted $0.52 EPS. On average, analysts anticipate that Amazon.com will post $4.20 EPS for the current year.
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In related news, VP Shelley Reynolds sold 544 shares of the stock in a transaction that occurred 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 owns 6,533 shares of the company’s stock, valued at $6,444,935.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 710 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $987.39, for a total value of $701,046.90. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $9,873,900. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,083 shares of company stock valued at $8,874,850. Insiders own 17.70% of the company’s stock.
A number of hedge funds have recently bought and sold shares of AMZN. Harbour Capital Advisors LLC increased its stake 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 acquiring an additional 2,300,593 shares during the last quarter. Janus Henderson Group PLC increased its stake 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 acquiring an additional 1,620,588 shares during the last quarter. Vanguard Group Inc. increased its stake 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 acquiring an additional 764,115 shares during the last quarter. BlackRock Inc. increased its stake 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 acquiring an additional 554,990 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake 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 acquiring an additional 457,300 shares during the last quarter. 60.77% of the stock is owned by institutional investors.
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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