Amazon.com Inc. (AMZN) Lifted to Buy at Vetr Inc.
Vetr upgraded shares of Amazon.com Inc. (NASDAQ:AMZN) from a hold rating to a buy rating in a research report report published on Thursday morning. Vetr currently has $880.16 price objective on the e-commerce giant’s stock.
AMZN has been the topic of several other research reports. Goldman Sachs Group Inc. reissued a buy rating and set a $920.00 target price on shares of Amazon.com in a report on Thursday, September 8th. Mizuho boosted their target price on Amazon.com from $855.00 to $950.00 and gave the stock a buy rating in a report on Friday, September 23rd. Evercore ISI reissued a buy rating and set a $1,015.00 target price (up previously from $930.00) on shares of Amazon.com in a report on Friday, September 16th. Piper Jaffray Cos. restated an overweight rating and issued a $900.00 price target on shares of Amazon.com in a research report on Wednesday, September 7th. Finally, JPMorgan Chase & Co. restated an overweight rating and issued a $925.00 price target on shares of Amazon.com in a research report on Friday, September 9th. Five investment analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $891.31.
Amazon.com (NASDAQ:AMZN) opened at 841.71 on Thursday. The stock has a market capitalization of $399.03 billion, a price-to-earnings ratio of 209.33 and a beta of 1.19. Amazon.com has a 12 month low of $474.00 and a 12 month high of $847.21. The company has a 50 day moving average price of $792.05 and a 200 day moving average price of $722.36.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.67. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. The firm had revenue of $30.40 billion for the quarter, compared to analysts’ expectations of $29.54 billion. During the same quarter in the previous year, the company earned $0.19 earnings per share. The firm’s quarterly revenue was up 31.1% compared to the same quarter last year. Equities research analysts predict that Amazon.com will post $5.85 earnings per share for the current year.
In other Amazon.com news, CEO Andrew R. Jassy sold 14,000 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $800.00, for a total value of $11,200,000.00. Following the transaction, the chief executive officer now directly owns 68,141 shares of the company’s stock, valued at approximately $54,512,800. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the firm’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $756.74, for a total transaction of $756,740,000.00. Following the completion of the transaction, the chief executive officer now directly owns 81,871,067 shares in the company, valued at $61,955,111,241.58. The disclosure for this sale can be found here. 17.70% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in AMZN. Pathstone Family Office LLC raised its stake in shares of Amazon.com by 92.1% in the second quarter. Pathstone Family Office LLC now owns 146 shares of the e-commerce giant’s stock valued at $105,000 after buying an additional 70 shares during the period. Kistler Tiffany Companies LLC raised its stake in shares of Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock valued at $108,000 after buying an additional 136 shares during the period. Kings Point Capital Management bought a new stake in shares of Amazon.com during the second quarter valued at about $109,000. Krilogy Financial LLC raised its stake in shares of Amazon.com by 157.1% in the second quarter. Krilogy Financial LLC now owns 198 shares of the e-commerce giant’s stock valued at $142,000 after buying an additional 121 shares during the period. Finally, West Oak Capital LLC raised its stake in shares of Amazon.com by 105.7% in the second quarter. West Oak Capital LLC now owns 216 shares of the e-commerce giant’s stock valued at $155,000 after buying an additional 111 shares during the period. 65.44% of the stock is currently owned by institutional investors.
Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.