Cantor Fitzgerald Reaffirms Overweight Rating for Amazon.com, Inc. (AMZN)
Cantor Fitzgerald reissued their overweight rating on shares of Amazon.com, Inc. (NASDAQ:AMZN) in a research note released on Tuesday. Cantor Fitzgerald also issued estimates for Amazon.com’s FY2017 earnings at $4.14 EPS and FY2018 earnings at $9.46 EPS.
Other analysts have also issued reports about the company. Instinet lowered their target price on Amazon.com from $1,100.00 to $975.00 and set a buy rating on the stock in a research note on Friday, June 16th. Loop Capital restated a buy rating on shares of Amazon.com in a research note on Thursday, June 8th. Vetr lowered Amazon.com from a strong-buy rating to a buy rating and set a $1,132.46 target price on the stock. in a research note on Tuesday, July 18th. Royal Bank Of Canada reiterated a buy rating on shares of Amazon.com in a research note on Tuesday, May 2nd. Finally, Wolfe Research lowered Amazon.com from an outperform rating to a market perform rating in a research note on Thursday, April 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $1,058.27.
Shares of Amazon.com (NASDAQ AMZN) opened at 987.58 on Tuesday. Amazon.com has a 1-year low of $710.10 and a 1-year high of $1,083.31. The company has a 50-day moving average price of $999.29 and a 200-day moving average price of $918.57. The company has a market cap of $474.41 billion, a PE ratio of 251.16 and a beta of 1.48.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by $1.00. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The business had revenue of $37.96 billion during the quarter, compared to analysts’ expectations of $37.18 billion. During the same period in the prior year, the firm posted $1.78 EPS. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. Equities research analysts expect that Amazon.com will post $3.84 earnings per share for the current fiscal year.
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In related news, Director Tom A. Alberg sold 800 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $1,000.00, for a total value of $800,000.00. Following the transaction, the director now directly owns 20,320 shares of the company’s stock, valued at approximately $20,320,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Tom A. Alberg sold 735 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $952.80, for a total transaction of $700,308.00. Following the completion of the transaction, the director now directly owns 21,120 shares in the company, valued at $20,123,136. The disclosure for this sale can be found here. Insiders sold a total of 12,915 shares of company stock worth $12,698,264 over the last ninety days. 17.70% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. OLD Second National Bank of Aurora boosted its position 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. Clear Investment Research LLC boosted its position in Amazon.com by 73,100.0% in the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock valued at $107,000 after buying an additional 731 shares during the last quarter. WealthTrust Arizona LLC boosted its position in Amazon.com by 2.7% in the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after buying an additional 3 shares during the last quarter. Ibex Wealth Advisors bought a new position in Amazon.com during the fourth quarter valued at approximately $113,000. Finally, LeJeune Puetz Investment Counsel LLC bought a new position in Amazon.com during the second quarter valued at approximately $116,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.
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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