Amazon.com (AMZN) Receives “Buy” Rating from Wells Fargo & Company

Wells Fargo & Company reaffirmed their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a report issued on Monday morning.

AMZN has been the subject of a number of other research reports. Stifel Nicolaus reaffirmed a buy rating and issued a $1,100.00 price objective on shares of Amazon.com in a report on Tuesday, October 24th. Loop Capital set a $1,200.00 price objective on shares of Amazon.com and gave the stock a buy rating in a report on Friday, October 20th. Royal Bank Of Canada set a $1,100.00 price objective on shares of Amazon.com and gave the stock a buy rating in a report on Monday, September 11th. Needham & Company LLC reaffirmed a buy rating and issued a $1,250.00 price objective (up previously from $1,150.00) on shares of Amazon.com in a report on Friday, October 27th. Finally, Cantor Fitzgerald lifted their price objective on shares of Amazon.com to $1,360.00 and gave the stock an overweight rating in a report on Friday, October 27th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and fifty have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $1,210.68.

Amazon.com (AMZN) traded up $15.88 during mid-day trading on Monday, hitting $1,149.83. 2,537,941 shares of the stock were exchanged, compared to its average volume of 3,584,609. Amazon.com has a twelve month low of $742.00 and a twelve month high of $1,213.41. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.03 and a quick ratio of 0.74. The firm has a market capitalization of $557,310.00, a P/E ratio of 295.01, a P/E/G ratio of 14.56 and a beta of 1.46.

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

In related news, Director Tom A. Alberg sold 870 shares of Amazon.com stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $1,150.00, for a total transaction of $1,000,500.00. Following the transaction, the director now directly owns 17,949 shares of the company’s stock, valued at $20,641,350. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Tom A. Alberg sold 835 shares of Amazon.com stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $1,202.74, for a total value of $1,004,287.90. Following the transaction, the director now directly owns 17,114 shares in the company, valued at $20,583,692.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 399,538 shares of company stock worth $441,142,749. 17.00% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Osborn Williams & Donohoe LLC increased its stake in Amazon.com by 1.1% in the 2nd quarter. Osborn Williams & Donohoe LLC now owns 915 shares of the e-commerce giant’s stock worth $886,000 after purchasing an additional 10 shares in the last quarter. Reinhart Partners Inc. increased its stake in Amazon.com by 66.8% in the 1st quarter. Reinhart Partners Inc. now owns 789 shares of the e-commerce giant’s stock worth $699,000 after purchasing an additional 316 shares in the last quarter. Goelzer Investment Management Inc. increased its stake in Amazon.com by 48.7% in the 2nd quarter. Goelzer Investment Management Inc. now owns 397 shares of the e-commerce giant’s stock worth $384,000 after purchasing an additional 130 shares in the last quarter. Lakeview Capital Partners LLC increased its stake in Amazon.com by 19.6% in the 2nd quarter. Lakeview Capital Partners LLC now owns 1,074 shares of the e-commerce giant’s stock worth $1,040,000 after purchasing an additional 176 shares in the last quarter. Finally, R. G. Niederhoffer Capital Management Inc. purchased a new position in Amazon.com in the 2nd quarter worth about $871,000. 59.79% of the stock is currently owned by hedge funds and other institutional investors.

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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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