Amazon.com’s (AMZN) “Buy” Rating Reiterated at Nomura

Nomura reissued their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research report report published on Monday morning, MarketBeat.com reports. The brokerage currently has a $1,700.00 target price on the e-commerce giant’s stock, up from their prior target price of $1,360.00.

A number of other analysts have also recently weighed in on AMZN. Needham & Company LLC reaffirmed a buy rating on shares of Amazon.com in a research report on Monday. Atlantic Securities reaffirmed a buy rating on shares of Amazon.com in a research report on Friday, February 2nd. Oppenheimer reaffirmed a buy rating on shares of Amazon.com in a research report on Friday, February 2nd. Jefferies Group increased their price objective on Amazon.com from $1,450.00 to $1,750.00 and gave the stock a buy rating in a research report on Friday, February 2nd. Finally, JMP Securities reaffirmed a neutral rating and set a $1,600.00 price objective (up from $1,475.00) on shares of Amazon.com in a research report on Friday, February 2nd. Five research analysts have rated the stock with a hold rating, forty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $1,436.97.

Shares of Amazon.com (NASDAQ AMZN) opened at $1,350.50 on Monday. Amazon.com has a 1 year low of $819.71 and a 1 year high of $1,498.00. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.76 and a current ratio of 1.04. The firm has a market capitalization of $650,770.00, a P/E ratio of 218.88, a price-to-earnings-growth ratio of 6.23 and a beta of 1.63.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.31. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. The company had revenue of $60.45 billion during the quarter, compared to analysts’ expectations of $59.85 billion. During the same period last year, the firm earned $1.54 EPS. The firm’s revenue for the quarter was up 38.2% on a year-over-year basis. equities analysts predict that Amazon.com will post 8.49 earnings per share for the current fiscal year.

In other Amazon.com news, CEO Andrew R. Jassy sold 1,985 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $1,125.38, for a total transaction of $2,233,879.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 544 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $1,126.27, for a total value of $612,690.88. The disclosure for this sale can be found here. Insiders sold a total of 9,368 shares of company stock valued at $10,726,970 over the last ninety days. 17.70% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Goelzer Investment Management Inc. increased its position in Amazon.com by 48.7% during the second quarter. Goelzer Investment Management Inc. now owns 397 shares of the e-commerce giant’s stock worth $384,000 after buying an additional 130 shares in the last quarter. Lakeview Capital Partners LLC grew its position in shares of Amazon.com by 19.6% in the second quarter. Lakeview Capital Partners LLC now owns 1,074 shares of the e-commerce giant’s stock valued at $1,040,000 after purchasing an additional 176 shares during the period. Perpetual Ltd purchased a new stake in shares of Amazon.com in the second quarter valued at $25,356,000. R. G. Niederhoffer Capital Management Inc. purchased a new stake in shares of Amazon.com in the second quarter valued at $871,000. Finally, Schaper Benz & Wise Investment Counsel Inc. WI grew its position in shares of Amazon.com by 13.7% in the third quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 904 shares of the e-commerce giant’s stock valued at $869,000 after purchasing an additional 109 shares during the period. 59.49% of the stock is owned by institutional investors.

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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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