Amazon.com’s (AMZN) Buy Rating Reiterated at Bank of America
Bank of America reiterated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research report released on Friday. They currently have a $2,000.00 price target on the e-commerce giant’s stock, down from their previous price target of $2,200.00.
Other analysts have also issued research reports about the stock. Nomura reiterated a buy rating on shares of Amazon.com in a research note on Friday, July 27th. Canaccord Genuity lifted their price objective on shares of Amazon.com from $2,000.00 to $2,100.00 and gave the company a buy rating in a research note on Friday, July 27th. Morgan Stanley reiterated a buy rating on shares of Amazon.com in a research note on Wednesday, July 11th. Macquarie reiterated a buy rating on shares of Amazon.com in a research note on Friday, July 27th. Finally, Barclays reiterated a buy rating and issued a $1,870.00 price objective on shares of Amazon.com in a research note on Friday, July 27th. Four equities research analysts have rated the stock with a hold rating and forty-eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $2,083.06.
NASDAQ:AMZN opened at $1,642.81 on Friday. The firm has a market capitalization of $801.27 billion, a PE ratio of 361.06, a P/E/G ratio of 3.43 and a beta of 1.58. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 0.78. Amazon.com has a twelve month low of $1,050.55 and a twelve month high of $2,050.50.
In other Amazon.com news, SVP David Zapolsky sold 1,927 shares of Amazon.com stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $1,899.96, for a total transaction of $3,661,222.92. Following the transaction, the senior vice president now directly owns 3,161 shares of the company’s stock, valued at approximately $6,005,773.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,000 shares of Amazon.com stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $1,981.72, for a total transaction of $3,963,440.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $19,817,200. The disclosure for this sale can be found here. Insiders have sold a total of 25,308 shares of company stock worth $47,905,498 over the last ninety days. Insiders own 16.30% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Vista Equity Partners Management LLC boosted its holdings in shares of Amazon.com by 44.3% in the 1st quarter. Vista Equity Partners Management LLC now owns 12,827 shares of the e-commerce giant’s stock worth $18,565,000 after buying an additional 3,936 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Amazon.com by 5.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 25,537 shares of the e-commerce giant’s stock worth $43,408,000 after buying an additional 1,342 shares during the last quarter. Berkshire Capital Holdings Inc. purchased a new position in shares of Amazon.com in the 1st quarter worth about $17,715,000. Buffington Mohr McNeal boosted its holdings in shares of Amazon.com by 13.8% in the 2nd quarter. Buffington Mohr McNeal now owns 666 shares of the e-commerce giant’s stock worth $1,132,000 after buying an additional 81 shares during the last quarter. Finally, Bennicas & Associates Inc. purchased a new position in shares of Amazon.com in the 2nd quarter worth about $221,000. 57.15% of the stock is currently owned by hedge funds and other institutional investors.
Amazon.com Company Profile
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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