Amazon.com, Inc. (AMZN) Given Outperform Rating at Cowen and Company
Cowen and Company reaffirmed their outperform rating on shares of Amazon.com, Inc. (NASDAQ:AMZN) in a research note published on Thursday morning. The brokerage currently has a $1,050.00 target price on the e-commerce giant’s stock.
Several other analysts have also commented on the stock. Morgan Stanley reaffirmed an overweight rating and set a $950.00 price target on shares of Amazon.com in a research report on Wednesday, January 18th. Jefferies Group LLC set a $950.00 price target on shares of Amazon.com and gave the company a buy rating in a research report on Thursday, December 1st. William Blair reaffirmed an outperform rating on shares of Amazon.com in a research report on Tuesday, December 13th. Deutsche Bank AG reaffirmed a buy rating on shares of Amazon.com in a research report on Friday, February 3rd. Finally, JMP Securities set a $950.00 price target on shares of Amazon.com and gave the company a buy rating in a research report on Tuesday, January 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and forty-seven have given a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $936.48.
Shares of Amazon.com (NASDAQ:AMZN) opened at 844.14 on Thursday. The firm’s 50-day moving average is $811.65 and its 200-day moving average is $788.59. Amazon.com has a one year low of $515.35 and a one year high of $847.21. The company has a market cap of $402.80 billion, a price-to-earnings ratio of 172.27 and a beta of 1.40.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 2nd. The e-commerce giant reported $1.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.19. The business had revenue of $43.74 billion for the quarter, compared to analysts’ expectations of $44.66 billion. Amazon.com had a return on equity of 13.87% and a net margin of 1.74%. The business’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.00 EPS. Analysts expect that Amazon.com will post $7.29 EPS for the current fiscal year.
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In other news, CEO Jeffrey A. Wilke sold 4,890 shares of the stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $767.15, for a total value of $3,751,363.50. Following the sale, the chief executive officer now directly owns 58,139 shares in the company, valued at $44,601,333.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.70% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in AMZN. Vanguard Group Inc. raised its stake in Amazon.com by 4.8% in the second quarter. Vanguard Group Inc. now owns 23,795,875 shares of the e-commerce giant’s stock valued at $17,028,804,000 after buying an additional 1,082,051 shares in the last quarter. State Street Corp raised its stake in Amazon.com by 3.5% in the fourth quarter. State Street Corp now owns 16,357,782 shares of the e-commerce giant’s stock valued at $12,266,213,000 after buying an additional 548,945 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Amazon.com by 2.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 10,317,381 shares of the e-commerce giant’s stock valued at $8,638,846,000 after buying an additional 237,004 shares in the last quarter. BlackRock Fund Advisors raised its stake in Amazon.com by 4.2% in the third quarter. BlackRock Fund Advisors now owns 4,893,066 shares of the e-commerce giant’s stock valued at $4,097,013,000 after buying an additional 198,927 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Amazon.com by 1.3% in the third quarter. Northern Trust Corp now owns 4,637,241 shares of the e-commerce giant’s stock valued at $3,882,808,000 after buying an additional 59,052 shares in the last quarter. Institutional investors and hedge funds own 65.08% 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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