Somewhat Favorable News Coverage Extremely Unlikely to Impact Amazon.com (AMZN) Stock Price

Headlines about Amazon.com (NASDAQ:AMZN) have trended somewhat positive this week, InfoTrie reports. The research firm identifies positive and negative press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Amazon.com earned a news sentiment score of 1.79 on their scale. InfoTrie also assigned press coverage about the e-commerce giant an news buzz score of 1 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the near future.

These are some of the news headlines that may have impacted Amazon.com’s analysis:

Shares of AMZN stock opened at $1,658.81 on Wednesday. Amazon.com, Inc. has a twelve month low of $1,265.93 and a twelve month high of $2,050.50. The firm has a market capitalization of $802.29 billion, a price-to-earnings ratio of 82.36, a PEG ratio of 2.27 and a beta of 1.62. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.10 and a quick ratio of 0.85.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, January 31st. The e-commerce giant reported $6.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $5.55 by $0.49. Amazon.com had a return on equity of 27.02% and a net margin of 4.33%. The business had revenue of $72.38 billion during the quarter, compared to analysts’ expectations of $71.73 billion. During the same period in the prior year, the business earned $2.16 EPS. As a group, equities analysts forecast that Amazon.com, Inc. will post 26.32 EPS for the current year.

A number of brokerages have recently commented on AMZN. Royal Bank of Canada reiterated a “buy” rating and issued a $2,100.00 target price on shares of Amazon.com in a report on Thursday, October 18th. Robert W. Baird reiterated a “buy” rating on shares of Amazon.com in a report on Wednesday, October 17th. Piper Jaffray Companies reiterated an “overweight” rating on shares of Amazon.com in a report on Friday, October 19th. Barclays reiterated a “buy” rating on shares of Amazon.com in a report on Friday, October 19th. Finally, Wedbush set a $2,100.00 target price on Amazon.com and gave the stock a “buy” rating in a report on Tuesday, October 23rd. Five analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. Amazon.com has a consensus rating of “Buy” and an average target price of $2,107.33.

In other Amazon.com news, Director Daniel P. Huttenlocher sold 181 shares of the company’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $1,579.89, for a total value of $285,960.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 437 shares of the company’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $1,573.11, for a total value of $687,449.07. The disclosure for this sale can be found here. Insiders sold a total of 5,503 shares of company stock valued at $8,552,040 over the last quarter. Company insiders own 16.30% of the company’s stock.

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About Amazon.com

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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