Amazon.com Inc. (AMZN) Stock Rating Reaffirmed by Evercore ISI
Amazon.com Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating restated by equities researchers at Evercore ISI in a research report issued on Monday. They currently have a $990.00 price objective on the e-commerce giant’s stock. Evercore ISI’s price objective indicates a potential upside of 30.00% from the company’s current price.
Several other research analysts have also issued reports on the stock. Wedbush set a $900.00 price target on shares of Amazon.com and gave the stock a “buy” rating in a report on Sunday, October 30th. Argus restated a “hold” rating on shares of Amazon.com in a report on Monday, August 1st. Vetr upgraded shares of Amazon.com from a “hold” rating to a “buy” rating and set a $800.28 price target for the company in a report on Tuesday, August 2nd. Nomura restated a “buy” rating and set a $950.00 price target on shares of Amazon.com in a report on Monday, October 24th. Finally, Piper Jaffray Cos. restated a “buy” rating and set a $800.00 price target on shares of Amazon.com in a report on Sunday, July 31st. Six analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $911.75.
Shares of Amazon.com (NASDAQ:AMZN) opened at 762.52 on Monday. The firm has a 50-day moving average of $789.54 and a 200 day moving average of $761.26. The company has a market cap of $362.32 billion, a P/E ratio of 174.69 and a beta of 1.51. Amazon.com has a 52 week low of $474.00 and a 52 week high of $847.21.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 27th. The e-commerce giant reported $0.52 EPS for the quarter, missing the consensus estimate of $0.80 by $0.28. Amazon.com had a return on equity of 13.47% and a net margin of 1.64%. The business had revenue of $32.71 billion for the quarter, compared to analyst estimates of $32.69 billion. During the same quarter in the prior year, the business earned $0.17 earnings per share. The firm’s quarterly revenue was up 29.0% on a year-over-year basis. Equities analysts anticipate that Amazon.com will post $4.78 earnings per share for the current fiscal year.
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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 stock was 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 $54,512,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 17.70% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Bartlett & Co. LLC boosted its position in shares of Amazon.com by 7.1% in the third quarter. Bartlett & Co. LLC now owns 120 shares of the e-commerce giant’s stock valued at $100,000 after buying an additional 8 shares during the last quarter. Pathstone Family Office LLC boosted its position 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 last quarter. Kistler Tiffany Companies LLC boosted its position 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 last quarter. Kings Point Capital Management purchased a new position in shares of Amazon.com during the second quarter valued at about $109,000. Finally, D. Scott Neal Inc. boosted its position in shares of Amazon.com by 3,000.0% in the third quarter. D. Scott Neal Inc. now owns 155 shares of the e-commerce giant’s stock valued at $130,000 after buying an additional 150 shares during the last quarter. 64.77% of the stock is currently owned by institutional investors and hedge funds.
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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