Amazon.com (AMZN) Lifted to “Buy” at ValuEngine
ValuEngine upgraded shares of Amazon.com (NASDAQ:AMZN) from a hold rating to a buy rating in a research note issued to investors on Thursday morning.
Several other analysts have also commented on AMZN. Morgan Stanley reaffirmed a buy rating on shares of Amazon.com in a research report on Friday, May 18th. MKM Partners lifted their price target on shares of Amazon.com to $1,840.00 and gave the company a buy rating in a research report on Tuesday, May 29th. BidaskClub raised shares of Amazon.com from a buy rating to a strong-buy rating in a research report on Thursday, May 31st. Oppenheimer reaffirmed a buy rating on shares of Amazon.com in a research report on Friday, June 1st. Finally, SunTrust Banks reaffirmed a buy rating and set a $2,000.00 price target (up previously from $1,900.00) on shares of Amazon.com in a research report on Monday, June 4th. One equities research analyst has rated the stock with a hold rating and fifty-one have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $1,976.73.
Shares of Amazon.com stock opened at $1,970.19 on Thursday. The company has a market cap of $970.60 billion, a PE ratio of 180.58, a P/E/G ratio of 4.15 and a beta of 1.60. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.78 and a current ratio of 1.07. Amazon.com has a 1-year low of $931.75 and a 1-year high of $2,050.50.
In other news, Director Thomas O. Ryder sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $1,783.81, for a total transaction of $8,919,050.00. Following the sale, the director now owns 10,752 shares of the company’s stock, valued at $19,179,525.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey M. Blackburn sold 4,108 shares of the company’s stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $1,952.10, for a total value of $8,019,226.80. Following the sale, the insider now directly owns 42,874 shares in the company, valued at approximately $83,694,335.40. The disclosure for this sale can be found here. Insiders have sold 25,308 shares of company stock worth $47,905,498 in the last ninety days. Corporate insiders own 16.30% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Steigerwald Gordon & Koch Inc. grew its stake in shares of Amazon.com by 27.2% during the second quarter. Steigerwald Gordon & Koch Inc. now owns 365 shares of the e-commerce giant’s stock worth $620,000 after purchasing an additional 78 shares in the last quarter. SP Asset Management acquired a new position in shares of Amazon.com during the second quarter worth $1,493,000. Ashburton Jersey Ltd grew its stake in shares of Amazon.com by 17.3% during the second quarter. Ashburton Jersey Ltd now owns 815 shares of the e-commerce giant’s stock worth $1,385,000 after purchasing an additional 120 shares in the last quarter. HRT Financial LLC grew its stake in shares of Amazon.com by 19.1% during the second quarter. HRT Financial LLC now owns 9,080 shares of the e-commerce giant’s stock worth $15,434,000 after purchasing an additional 1,456 shares in the last quarter. Finally, Sturgeon Ventures LLP grew its stake in shares of Amazon.com by 4.9% during the second quarter. Sturgeon Ventures LLP now owns 4,961 shares of the e-commerce giant’s stock worth $8,429,000 after purchasing an additional 230 shares in the last quarter. 57.41% of the stock is currently owned by institutional investors and hedge funds.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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