Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Amazon.com (AMZN) Share Price
News headlines about Amazon.com (NASDAQ:AMZN) have trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Amazon.com earned a news sentiment score of 0.05 on Accern’s scale. Accern also gave media coverage about the e-commerce giant an impact score of 44.3671906751205 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern’s analysis:
- Amazon.com, Inc. (AMZN) Will Not Be the Death of Retail – Investorplace.com (investorplace.com)
- Retail has been under more pressure than any other produc… (finance.yahoo.com)
- Android creator’s company closes $300 mln investment round (finance.yahoo.com)
- Walmart, Amazon, Facebook, Twitter Are Growing Obsessed With Learning Your Deep Dark Secrets (finance.yahoo.com)
- Why Big Five Tech Companies Could Keep Dominating Markets (finance.yahoo.com)
AMZN has been the topic of several recent analyst reports. Deutsche Bank AG raised their target price on Amazon.com from $1,050.00 to $1,125.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Robert W. Baird reissued an “outperform” rating and issued a $850.00 target price on shares of Amazon.com in a research note on Monday, May 1st. Raymond James Financial, Inc. cut Amazon.com from an “outperform” rating to a “mkt perform” rating in a research note on Wednesday, April 26th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Amazon.com in a research note on Monday, May 1st. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Amazon.com in a research note on Tuesday, May 2nd. One equities research 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 given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $1,065.61.
Amazon.com (NASDAQ AMZN) traded down 0.79% during trading on Wednesday, hitting $982.01. 3,569,103 shares of the stock were exchanged. The stock’s 50 day moving average price is $1,000.69 and its 200 day moving average price is $920.11. Amazon.com has a 12 month low of $710.10 and a 12 month high of $1,083.31. The stock has a market cap of $471.74 billion, a P/E ratio of 249.75 and a beta of 1.48.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by $1.00. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The company had revenue of $37.96 billion during the quarter, compared to analyst estimates of $37.18 billion. During the same quarter in the previous year, the company posted $1.78 EPS. The company’s quarterly revenue was up 24.8% on a year-over-year basis. Analysts forecast that Amazon.com will post $3.83 EPS for the current fiscal year.
In other news, CEO Jeffrey A. Wilke sold 4,000 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $969.73, for a total value of $3,878,920.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $9,697,300. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jeffrey A. Wilke sold 2,670 shares of the company’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $1,010.64, for a total transaction of $2,698,408.80. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $10,106,400. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,890 shares of company stock valued at $10,800,023. Company insiders own 17.70% of the company’s stock.
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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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