Amazon.com (NASDAQ:AMZN) Downgraded to Strong Sell at BidaskClub

BidaskClub lowered shares of Amazon.com (NASDAQ:AMZN) from a sell rating to a strong sell rating in a research note issued to investors on Tuesday, BidAskClub reports.

A number of other research firms have also recently issued reports on AMZN. Benchmark cut their price target on Amazon.com from $2,300.00 to $2,100.00 and set a buy rating for the company in a report on Friday, October 25th. BMO Capital Markets cut their price target on Amazon.com from $2,280.00 to $2,000.00 and set an outperform rating for the company in a report on Friday, October 25th. Wells Fargo & Co lifted their price target on Amazon.com from $2,200.00 to $2,300.00 and gave the company an outperform rating in a report on Friday, September 27th. Goldman Sachs Group reaffirmed a buy rating on shares of Amazon.com in a report on Friday, October 25th. Finally, Bank of America reaffirmed a buy rating and issued a $2,250.00 price target (down from $2,350.00) on shares of Amazon.com in a report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and forty-two have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $2,173.82.

Shares of NASDAQ:AMZN opened at $1,760.94 on Tuesday. Amazon.com has a 52 week low of $1,307.00 and a 52 week high of $2,035.80. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.84 and a current ratio of 1.10. The company’s fifty day moving average is $1,769.09 and its 200-day moving average is $1,817.79. The company has a market capitalization of $867.01 billion, a PE ratio of 77.45, a P/E/G ratio of 3.11 and a beta of 1.52.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $4.46 by ($0.23). Amazon.com had a net margin of 4.27% and a return on equity of 22.52%. The firm had revenue of $69.98 billion during the quarter, compared to analyst estimates of $68.72 billion. During the same quarter in the prior year, the firm posted $5.75 EPS. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. On average, analysts forecast that Amazon.com will post 20.51 EPS for the current year.

In other news, Director Indra K. Nooyi acquired 100 shares of the company’s stock in a transaction on Friday, October 4th. The stock was purchased at an average cost of $1,726.06 per share, with a total value of $172,606.00. Following the acquisition, the director now owns 250 shares of the company’s stock, valued at approximately $431,515. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey A. Wilke sold 3,475 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $1,745.57, for a total value of $6,065,855.75. Following the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $17,455,700. The disclosure for this sale can be found here. Insiders have sold a total of 9,996 shares of company stock valued at $17,496,550 over the last three months. Company insiders own 16.10% of the company’s stock.

Several hedge funds have recently made changes to their positions in AMZN. Enterprise Trust & Investment Co bought a new stake in shares of Amazon.com in the 2nd quarter valued at about $27,000. Macroview Investment Management LLC increased its stake in shares of Amazon.com by 166.7% in the 3rd quarter. Macroview Investment Management LLC now owns 16 shares of the e-commerce giant’s stock valued at $28,000 after acquiring an additional 10 shares during the last quarter. Phocas Financial Corp. bought a new stake in shares of Amazon.com in the 2nd quarter valued at about $45,000. Litman Gregory Asset Management LLC bought a new stake in shares of Amazon.com in the 2nd quarter valued at about $53,000. Finally, Financial Advantage Inc. grew its position in shares of Amazon.com by 26.7% in the 3rd quarter. Financial Advantage Inc. now owns 38 shares of the e-commerce giant’s stock valued at $65,000 after purchasing an additional 8 shares during the period. 56.02% of the stock is owned by institutional investors.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

Further Reading: Market Capitalization and Individual Investors

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