Amazon.com (AMZN) Rating Reiterated by Morgan Stanley

Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating reissued by equities research analysts at Morgan Stanley in a research report issued on Friday. They currently have a $1,250.00 target price on the e-commerce giant’s stock. Morgan Stanley’s target price indicates a potential upside of 7.54% from the stock’s current price.

Several other brokerages have also issued reports on AMZN. Goldman Sachs Group reissued a “buy” rating and issued a $1,450.00 target price (up previously from $1,300.00) on shares of Amazon.com in a research report on Tuesday, November 28th. DA Davidson increased their target price on Amazon.com from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Wednesday, November 29th. Vetr lowered Amazon.com from a “hold” rating to a “sell” rating and set a $1,129.92 target price for the company. in a research report on Monday, November 27th. Wells Fargo & Company increased their target price on Amazon.com to $1,525.00 and gave the stock an “outperform” rating in a research report on Friday. They noted that the move was a valuation call. Finally, MKM Partners increased their target price on Amazon.com from $1,275.00 to $1,350.00 and gave the stock a “buy” rating in a research report on Friday. Five analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the company’s stock. Amazon.com has a consensus rating of “Buy” and a consensus price target of $1,209.59.

Amazon.com (AMZN) traded down $14.40 during midday trading on Friday, reaching $1,162.35. The company’s stock had a trading volume of 4,107,000 shares, compared to its average volume of 3,574,494. Amazon.com has a 1-year low of $736.70 and a 1-year high of $1,213.41. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00. The stock has a market cap of $560,104.13, a PE ratio of 295.01, a P/E/G ratio of 14.56 and a beta of 1.47.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.57). Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The business had revenue of $43.74 billion during the quarter, compared to analysts’ expectations of $42.26 billion. During the same quarter last year, the business posted $0.52 EPS. The company’s quarterly revenue was up 33.7% compared to the same quarter last year. equities analysts forecast that Amazon.com will post 4.24 EPS for the current year.

In related news, CEO Jeffrey P. Bezos sold 391,110 shares of Amazon.com stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the transaction, the chief executive officer now directly owns 79,891,433 shares in the company, valued at $88,162,593,058.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tom A. Alberg sold 835 shares of Amazon.com stock in a transaction on Monday, November 27th. The shares were sold at an average price of $1,202.74, for a total value of $1,004,287.90. Following the transaction, the director now owns 17,114 shares in the company, valued at $20,583,692.36. The disclosure for this sale can be found here. Insiders have sold 399,538 shares of company stock worth $441,142,749 over the last quarter. 17.00% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Whitnell & Co. raised its holdings in Amazon.com by 581.3% during the third quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after acquiring an additional 93 shares during the period. Vestor Capital LLC raised its holdings in Amazon.com by 10.1% during the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after acquiring an additional 10 shares during the period. Clear Investment Research LLC raised its holdings in Amazon.com by 73,100.0% during the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock valued at $107,000 after acquiring an additional 731 shares during the period. WealthTrust Arizona LLC raised its holdings in Amazon.com by 2.7% during the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after acquiring an additional 3 shares during the period. Finally, LeJeune Puetz Investment Counsel LLC bought a new stake in Amazon.com during the second quarter valued at about $116,000. Institutional investors own 59.79% of the company’s stock.

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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.

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