Credit Suisse Group reaffirmed their outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a research note issued to investors on Friday, July 27th. The firm currently has a $2,100.00 price target on the e-commerce giant’s stock, up from their previous price target of $2,000.00.
A number of other equities analysts have also recently commented on AMZN. Monness Crespi & Hardt reiterated a buy rating and issued a $2,000.00 target price on shares of Amazon.com in a research report on Wednesday, April 11th. Zacks Investment Research lowered shares of Amazon.com from a buy rating to a hold rating in a research note on Wednesday, June 27th. Morgan Stanley reissued a buy rating on shares of Amazon.com in a research note on Tuesday, July 17th. Wedbush set a $1,800.00 price objective on shares of Amazon.com and gave the stock a buy rating in a research note on Friday, April 27th. Finally, JPMorgan Chase & Co. reissued a buy rating on shares of Amazon.com in a research note on Monday, April 30th. Two analysts have rated the stock with a hold rating, fifty have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $1,933.51.
NASDAQ:AMZN traded down $12.22 on Friday, hitting $1,886.30. The stock had a trading volume of 3,620,761 shares, compared to its average volume of 5,021,807. 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 $1,914.57. The firm has a market cap of $925.99 billion, a price-to-earnings ratio of 414.57, a price-to-earnings-growth ratio of 4.15 and a beta of 1.60.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.49 by $2.58. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. The company had revenue of $52.89 billion during the quarter, compared to analyst estimates of $53.37 billion. During the same quarter last year, the business posted $0.40 EPS. Amazon.com’s quarterly revenue was up 39.3% compared to the same quarter last year. sell-side analysts forecast that Amazon.com will post 17.27 earnings per share for the current year.
In other Amazon.com news, Director Tom A. Alberg sold 2,320 shares of the firm’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $1,827.29, for a total transaction of $4,239,312.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jeffrey M. Blackburn sold 2,054 shares of the firm’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $1,574.11, for a total transaction of $3,233,221.94. Following the transaction, the senior vice president now directly owns 44,541 shares in the company, valued at approximately $70,112,433.51. The disclosure for this sale can be found here. Insiders sold a total of 16,438 shares of company stock worth $27,553,529 in the last ninety days. 16.30% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Berkshire Capital Holdings Inc. acquired a new stake in Amazon.com during the 1st quarter worth $17,715,000. Suntrust Banks Inc. raised its stake in shares of Amazon.com by 14.9% in the 4th quarter. Suntrust Banks Inc. now owns 67,992 shares of the e-commerce giant’s stock valued at $79,513,000 after purchasing an additional 8,806 shares during the period. Waratah Capital Advisors Ltd. acquired a new stake in shares of Amazon.com in the 1st quarter valued at about $964,000. Wealthfront Inc. raised its stake in shares of Amazon.com by 12.8% in the 4th quarter. Wealthfront Inc. now owns 18,696 shares of the e-commerce giant’s stock valued at $21,864,000 after purchasing an additional 2,117 shares during the period. Finally, Wright Investors Service Inc. raised its stake in shares of Amazon.com by 8.1% in the 4th quarter. Wright Investors Service Inc. now owns 6,527 shares of the e-commerce giant’s stock valued at $7,633,000 after purchasing an additional 491 shares during the period. 57.12% 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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