Amazon.com Inc. (AMZN) Rating Reiterated by Pacific Crest
Amazon.com Inc. (NASDAQ:AMZN)‘s stock had its “overweight” rating reiterated by research analysts at Pacific Crest in a research report issued to clients and investors on Thursday.
Several other research firms have also weighed in on AMZN. Needham & Company LLC restated a “hold” rating on shares of Amazon.com in a research report on Monday, June 27th. Wedbush reiterated an “outperform” rating and issued a $900.00 target price on shares of Amazon.com in a report on Friday, September 30th. Piper Jaffray Cos. reiterated a “buy” rating and issued a $800.00 target price on shares of Amazon.com in a report on Sunday, July 31st. Bank of America Corp. reiterated a “buy” rating and issued a $840.00 target price on shares of Amazon.com in a report on Sunday, July 17th. Finally, MKM Partners raised their target price on shares of Amazon.com from $850.00 to $995.00 and gave the stock a “buy” rating in a report on Tuesday, August 2nd. Five analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $894.98.
Shares of Amazon.com (NASDAQ:AMZN) opened at 822.96 on Thursday. Amazon.com has a 1-year low of $474.00 and a 1-year high of $847.21. The firm’s 50-day moving average is $800.02 and its 200 day moving average is $726.41. The stock has a market capitalization of $390.14 billion, a P/E ratio of 204.67 and a beta of 1.19.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.67. Amazon.com had a net margin of 1.60% and a return on equity of 13.52%. The company earned $30.40 billion during the quarter, compared to analyst estimates of $29.54 billion. During the same quarter last year, the firm posted $0.19 EPS. The business’s revenue for the quarter was up 31.1% on a year-over-year basis. On average, analysts expect that Amazon.com will post $5.85 EPS for the current fiscal year.
In related news, VP Shelley Reynolds sold 625 shares of the stock in a transaction 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 in the company, valued at approximately $5,020,281.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey M. Blackburn sold 10,000 shares of the stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $760.98, for a total value of $7,609,800.00. Following the completion of the sale, the insider now owns 55,887 shares in the company, valued at approximately $42,528,889.26. The disclosure for this sale can be found here. 17.70% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Pathstone Family Office LLC boosted its stake in Amazon.com by 92.1% in the second quarter. Pathstone Family Office LLC now owns 146 shares of the e-commerce giant’s stock worth $105,000 after buying an additional 70 shares during the period. Kistler Tiffany Companies LLC boosted its stake in Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock worth $108,000 after buying an additional 136 shares during the period. Kings Point Capital Management acquired a new stake in Amazon.com during the second quarter worth $109,000. Krilogy Financial LLC boosted its stake in Amazon.com by 157.1% in the second quarter. Krilogy Financial LLC now owns 198 shares of the e-commerce giant’s stock worth $142,000 after buying an additional 121 shares during the period. Finally, West Oak Capital LLC boosted its stake in Amazon.com by 105.7% in the second quarter. West Oak Capital LLC now owns 216 shares of the e-commerce giant’s stock worth $155,000 after buying an additional 111 shares during the period. Institutional investors and hedge funds own 65.47% of the company’s stock.
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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