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 report published on Thursday. The brokerage currently has $888.37 price target on the e-commerce giant’s stock.
AMZN has been the subject of several other reports. Cowen and Company reaffirmed an outperform rating and set a $1,050.00 target price on shares of Amazon.com in a report on Sunday, February 5th. Evercore ISI reaffirmed a buy rating and set a $990.00 target price on shares of Amazon.com in a report on Monday, November 28th. Cantor Fitzgerald reaffirmed a buy rating and set a $1,000.00 target price on shares of Amazon.com in a report on Saturday, December 10th. BMO Capital Markets reaffirmed an outperform rating on shares of Amazon.com in a report on Friday, December 16th. Finally, Morgan Stanley reaffirmed an overweight rating and set a $950.00 target price on shares of Amazon.com in a report on Sunday, December 4th. Six research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company. Amazon.com currently has an average rating of Buy and a consensus target price of $939.08.
Shares of Amazon.com (NASDAQ:AMZN) opened at 856.97 on Thursday. Amazon.com has a 1-year low of $538.58 and a 1-year high of $860.86. The company’s 50-day moving average is $841.00 and its 200-day moving average is $801.26. The stock has a market cap of $408.92 billion, a P/E ratio of 174.89 and a beta of 1.40.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. Amazon.com had a net margin of 1.74% and a return on equity of 13.87%. The company earned $43.74 billion during the quarter, compared to analyst estimates of $44.66 billion. During the same period last year, the firm posted $1.00 EPS. Amazon.com’s revenue for the quarter was up 22.4% compared to the same quarter last year. Equities analysts expect that Amazon.com will post $7.18 EPS for the current fiscal year.
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In other news, Director Tom A. Alberg sold 590 shares of the company’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total transaction of $501,500.00. Following the completion of the sale, the director now owns 22,525 shares in the company, valued at $19,146,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David Zapolsky sold 503 shares of the company’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total value of $427,550.00. Following the sale, the insider now owns 2,523 shares of the company’s stock, valued at approximately $2,144,550. The disclosure for this sale can be found here. 17.70% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Amazon.com during the fourth quarter valued at approximately $2,736,365,000. Asset Management One Co. Ltd. boosted its stake in Amazon.com by 728.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 696,134 shares of the e-commerce giant’s stock valued at $522,899,000 after buying an additional 612,153 shares during the period. State Street Corp boosted 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 during the period. Russell Investments Group Ltd. bought a new stake in Amazon.com during the fourth quarter valued at approximately $373,202,000. Finally, Ruane Cunniff & Goldfarb Inc. bought a new stake in Amazon.com during the fourth quarter valued at approximately $335,571,000. 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).
To view Vetr’s full report, visit Vetr’s official website.
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