Amazon.com (AMZN) Upgraded by BidaskClub to Buy
BidaskClub upgraded shares of Amazon.com (NASDAQ:AMZN) from a hold rating to a buy rating in a research report sent to investors on Tuesday.
Other research analysts have also recently issued research reports about the company. Vetr raised Amazon.com from a sell rating to a hold rating and set a $1,155.74 target price on the stock in a research note on Wednesday, November 29th. SunTrust Banks reissued a buy rating and issued a $1,190.00 target price on shares of Amazon.com in a research note on Monday, October 2nd. Wells Fargo & Co reissued a buy rating on shares of Amazon.com in a research note on Monday, December 4th. Barclays reissued an overweight rating and issued a $1,210.00 target price (up previously from $1,150.00) on shares of Amazon.com in a research note on Friday, October 27th. Finally, Citigroup restated a buy rating and set a $1,250.00 price target on shares of Amazon.com in a research report on Friday, October 27th. Four investment analysts have rated the stock with a hold rating and fifty-one have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $1,262.35.
Amazon.com (AMZN) traded up $28.52 on Tuesday, reaching $1,305.20. The company had a trading volume of 5,434,047 shares, compared to its average volume of 3,250,000. The company has a market capitalization of $628,940.00, a PE ratio of 329.60, a PEG ratio of 7.22 and a beta of 1.46. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00. Amazon.com has a 1-year low of $799.50 and a 1-year high of $1,305.76.
In related news, CEO Jeffrey A. Wilke sold 2,800 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $1,160.34, for a total value of $3,248,952.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $11,603,400. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Tom A. Alberg sold 835 shares of the stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $1,202.74, for a total transaction of $1,004,287.90. Following the completion of the transaction, the director now directly owns 17,114 shares of the company’s stock, valued at $20,583,692.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 402,338 shares of company stock valued at $444,391,701. 17.00% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in AMZN. Harbour Capital Advisors LLC increased its stake in shares of Amazon.com by 100,947.5% during the second quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock valued at $2,379,000 after purchasing an additional 2,300,593 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Amazon.com by 1,045.8% during the second quarter. Janus Henderson Group PLC now owns 1,775,556 shares of the e-commerce giant’s stock valued at $1,718,711,000 after purchasing an additional 1,620,588 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Amazon.com by 2.9% during the second quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock valued at $26,003,758,000 after purchasing an additional 764,115 shares in the last quarter. Truepoint Inc. increased its stake in shares of Amazon.com by 94,448.7% during the third quarter. Truepoint Inc. now owns 572,965 shares of the e-commerce giant’s stock valued at $573,000 after purchasing an additional 572,359 shares in the last quarter. Finally, BlackRock Inc. increased its stake in shares of Amazon.com by 2.4% during the second quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock valued at $23,160,193,000 after purchasing an additional 554,990 shares in the last quarter. 59.78% of the stock is owned by institutional investors.
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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 Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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