Amazon.com (AMZN) Earns Overweight Rating from Piper Jaffray Companies

Piper Jaffray Companies reaffirmed their overweight rating on shares of Amazon.com (NASDAQ:AMZN) in a research report released on Tuesday morning, MarketBeat Ratings reports. They currently have a $1,400.00 target price on the e-commerce giant’s stock, up from their prior target price of $1,200.00.

A number of other research firms have also recently commented on AMZN. Monness Crespi & Hardt raised shares of Amazon.com from a neutral rating to a buy rating and set a $1,250.00 price objective for the company in a research report on Friday, October 27th. Citigroup reaffirmed a buy rating and set a $1,400.00 price objective (up from $1,250.00) on shares of Amazon.com in a research report on Friday, January 5th. Credit Suisse Group lifted their price objective on shares of Amazon.com from $1,385.00 to $1,410.00 and gave the stock an outperform rating in a research report on Monday, January 8th. Leerink Swann reaffirmed a buy rating on shares of Amazon.com in a research report on Monday, October 30th. Finally, TheStreet raised shares of Amazon.com from a c+ rating to a b- rating in a research report on Tuesday, November 7th. Four analysts have rated the stock with a hold rating and fifty-one have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $1,262.35.

Amazon.com (AMZN) opened at $1,305.20 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00. Amazon.com has a 52-week low of $803.00 and a 52-week high of $1,305.76. The company has a market cap of $615,196.63, a price-to-earnings ratio of 331.27, a price-to-earnings-growth ratio of 7.60 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing the Zacks’ 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 company had revenue of $43.74 billion for the quarter, compared to the consensus estimate of $42.26 billion. During the same period last year, the firm earned $0.52 earnings per share. The company’s revenue for the quarter was up 33.7% compared to the same quarter last year. equities analysts predict that Amazon.com will post 4.24 EPS for the current year.

In other Amazon.com news, VP Shelley Reynolds sold 544 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,126.27, for a total transaction of $612,690.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew R. Jassy sold 1,985 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,125.38, for a total transaction of $2,233,879.30. The disclosure for this sale can be found here. Insiders sold 402,338 shares of company stock valued at $444,391,701 in the last ninety days. 17.70% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Amazon.com by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock valued at $26,003,758,000 after purchasing an additional 764,115 shares during the period. BlackRock Inc. increased its position in Amazon.com by 2.4% during the 2nd quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock valued at $23,160,193,000 after purchasing an additional 554,990 shares during the period. Capital Research Global Investors increased its position in Amazon.com by 0.4% during the 2nd quarter. Capital Research Global Investors now owns 10,711,772 shares of the e-commerce giant’s stock valued at $10,368,995,000 after purchasing an additional 40,068 shares during the period. TIAA CREF Investment Management LLC boosted its holdings in shares of Amazon.com by 1.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 2,828,302 shares of the e-commerce giant’s stock worth $2,737,796,000 after buying an additional 46,800 shares in the last quarter. Finally, Harbour Capital Advisors LLC boosted its holdings in shares of Amazon.com by 100,947.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock worth $2,379,000 after buying an additional 2,300,593 shares in the last quarter. 59.78% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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