Amazon.com, Inc. (AMZN) Lifted to Buy at BidaskClub
BidaskClub upgraded shares of Amazon.com, Inc. (NASDAQ:AMZN) from a hold rating to a buy rating in a report issued on Wednesday morning.
Several other equities research analysts have also recently issued reports on AMZN. Aegis restated a buy rating on shares of Amazon.com in a report on Wednesday, March 15th. Vetr upgraded shares of Amazon.com from a hold rating to a buy rating and set a $888.37 target price on the stock in a report on Thursday, March 16th. Pacific Crest dropped their price target on shares of Amazon.com from $905.00 to $895.00 and set an overweight rating on the stock in a research note on Friday, March 17th. Robert W. Baird reiterated an outperform rating and set a $850.00 price target on shares of Amazon.com in a research note on Thursday, March 23rd. Finally, Stifel Nicolaus lifted their price target on shares of Amazon.com from $912.00 to $1,025.00 and gave the stock a buy rating in a research note on Tuesday, March 28th. Five equities research analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $1,022.31.
Amazon.com (NASDAQ AMZN) opened at 1010.04 on Wednesday. The firm’s 50-day moving average price is $983.46 and its 200-day moving average price is $880.70. Amazon.com has a 1-year low of $710.10 and a 1-year high of $1,017.00. The firm has a market cap of $482.77 billion, a P/E ratio of 190.21 and a beta of 1.48.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, April 27th. The e-commerce giant reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.45. Amazon.com had a net margin of 1.81% and a return on equity of 13.72%. The company had revenue of $35.71 billion for the quarter, compared to analysts’ expectations of $35.31 billion. During the same quarter last year, the company posted $1.07 earnings per share. The firm’s quarterly revenue was up 22.6% on a year-over-year basis. Equities research analysts anticipate that Amazon.com will post $6.68 earnings per share for the current fiscal year.
In related news, insider David Zapolsky sold 505 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $946.59, for a total transaction of $478,027.95. Following the completion of the sale, the insider now directly owns 2,018 shares in the company, valued at $1,910,218.62. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the firm’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $940.74, for a total transaction of $940,740,000.00. Following the sale, the chief executive officer now owns 80,857,196 shares of the company’s stock, valued at $76,065,598,565.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,014,090 shares of company stock valued at $954,546,394. 17.70% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in AMZN. OLD Second National Bank of Aurora boosted its stake in Amazon.com by 15.0% in the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock valued at $102,000 after buying an additional 15 shares during the last quarter. Ibex Wealth Advisors purchased a new stake in Amazon.com during the fourth quarter valued at about $113,000. LeJeune Puetz Investment Counsel LLC purchased a new stake in Amazon.com during the second quarter valued at about $116,000. Lipe & Dalton purchased a new stake in Amazon.com during the first quarter valued at about $124,000. Finally, Empirical Finance LLC purchased a new stake in Amazon.com during the fourth quarter valued at about $152,000. Hedge funds and other institutional investors own 62.49% of the company’s stock.
Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
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