Amazon.com Inc. (AMZN) Rating Reiterated by Cantor Fitzgerald
Amazon.com Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating reaffirmed by analysts at Cantor Fitzgerald in a report issued on Wednesday. They currently have a $1,000.00 target price on the e-commerce giant’s stock, up from their previous target price of $835.00. Cantor Fitzgerald’s target price points to a potential upside of 20.59% from the stock’s previous close.
AMZN has been the subject of a number of other reports. Zacks Investment Research raised Amazon.com from a “hold” rating to a “buy” rating and set a $774.00 price objective for the company in a research report on Tuesday, June 28th. Jefferies Group reaffirmed a “buy” rating and issued a $865.00 target price on shares of Amazon.com in a research report on Monday, June 27th. Morgan Stanley lifted their target price on Amazon.com from $800.00 to $950.00 and gave the company an “overweight” rating in a research report on Wednesday, October 5th. Royal Bank Of Canada dropped their target price on Amazon.com from $1,000.00 to $840.00 and set an “outperform” rating for the company in a research report on Friday, September 16th. Finally, Evercore ISI reaffirmed a “buy” rating on shares of Amazon.com in a research report on Monday, July 18th. Five analysts have rated the stock with a hold rating, forty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $894.98.
Amazon.com (NASDAQ:AMZN) opened at 829.28 on Wednesday. Amazon.com has a 12-month low of $474.00 and a 12-month high of $847.21. The firm has a market cap of $393.14 billion, a P/E ratio of 206.24 and a beta of 1.20. The stock’s 50 day moving average is $798.20 and its 200 day moving average is $724.68.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.67. The firm earned $30.40 billion during the quarter, compared to the consensus estimate of $29.54 billion. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. The company’s quarterly revenue was up 31.1% on a year-over-year basis. During the same period last year, the company earned $0.19 EPS. On average, equities research analysts expect that Amazon.com will post $5.85 EPS for the current year.
In related news, VP Shelley Reynolds sold 625 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $770.10, for a total value of $481,312.50. Following the sale, the vice president now owns 6,519 shares of the company’s stock, valued at approximately $5,020,281.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 14,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $800.00, for a total value of $11,200,000.00. Following the completion of the sale, the chief executive officer now directly owns 68,141 shares in the company, valued at approximately $54,512,800. The disclosure for this sale can be found here. Company insiders own 17.70% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Pathstone Family Office LLC increased 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 increased 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 increased 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 increased 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 and hedge funds.
Amazon.com Company Profile
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).
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