Amazon.com (AMZN) – Research Analysts’ Weekly Ratings Changes

Amazon.com (NASDAQ: AMZN) recently received a number of ratings updates from brokerages and research firms:

  • 10/18/2019 – Amazon.com had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $1,787.48 price target on the stock, down previously from $2,350.00.
  • 10/18/2019 – Amazon.com was given a new $2,300.00 price target on by analysts at Monness Crespi & Hardt. They now have a “buy” rating on the stock.
  • 10/16/2019 – Amazon.com had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $2,400.00 price target on the stock, up previously from $2,225.00.
  • 10/15/2019 – Amazon.com was given a new $2,300.00 price target on by analysts at Jefferies Financial Group Inc. They now have a “buy” rating on the stock.
  • 10/15/2019 – Amazon.com had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc. They now have a $2,350.00 price target on the stock, down previously from $2,400.00.
  • 10/11/2019 – Amazon.com was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 10/8/2019 – Amazon.com is now covered by analysts at Wolfe Research. They set an “outperform” rating and a $2,234.00 price target on the stock.
  • 10/8/2019 – Amazon.com was given a new $2,225.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 10/2/2019 – Amazon.com was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/27/2019 – Amazon.com had its price target raised by analysts at Wells Fargo & Co from $2,200.00 to $2,300.00. They now have an “outperform” rating on the stock.
  • 9/25/2019 – Amazon.com was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. They now have a $1,480.00 price target on the stock. According to Zacks, “Amazon is suffering from rising transportation and fulfillment center costs related to its free one-day shipping service. Further, growing adoption of e-commerce technique by traditional retailers poses a serious concern. Rising cloud competition from Microsoft Azure and Google Cloud is a risk. Although AWS dominates the cloud computing space, growth in its market share has become stagnant. The stock has underperformed its industry on a year-to-date basis. Nevertheless, Amazon continues to ride on its aggressive retail strategies and distribution strength. Moreover, rapid adoption of Prime driven by customer benefits and strengthening grocery services is a tailwind. Expanding AWS services and improving Alexa skills are positives. However, Amazon expects foreign exchange headwinds to continue impacting its top line.”
  • 9/25/2019 – Amazon.com was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/24/2019 – Amazon.com had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc.
  • 9/23/2019 – Amazon.com had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $2,200.00 price target on the stock, down previously from $2,300.00.
  • 9/19/2019 – Amazon.com was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 9/17/2019 – Amazon.com had its “buy” rating reaffirmed by analysts at Jefferies Financial Group Inc. They now have a $2,300.00 price target on the stock.
  • 9/3/2019 – Amazon.com had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $2,600.00 price target on the stock, up previously from $2,250.00.

Shares of NASDAQ AMZN opened at $1,757.51 on Monday. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.44. Amazon.com, Inc. has a twelve month low of $1,307.00 and a twelve month high of $2,035.80. The stock has a 50 day moving average of $1,774.14 and a two-hundred day moving average of $1,846.58. The stock has a market cap of $884.19 billion, a P/E ratio of 87.26, a P/E/G ratio of 2.31 and a beta of 1.54.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $5.29 by ($0.07). The company had revenue of $63.40 billion during the quarter, compared to analyst estimates of $62.59 billion. Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same period in the previous year, the firm posted $5.07 EPS. As a group, research analysts predict that Amazon.com, Inc. will post 23.6 earnings per share for the current year.

In other news, VP Shelley Reynolds sold 379 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $1,775.43, for a total value of $672,887.97. Following the transaction, the vice president now owns 6,307 shares of the company’s stock, valued at $11,197,637.01. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $1,847.51, for a total value of $5,173,028.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $18,475,100. The disclosure for this sale can be found here. In the last three months, insiders sold 22,443 shares of company stock worth $40,205,835. Corporate insiders own 16.10% of the company’s stock.

Several large investors have recently added to or reduced their stakes in AMZN. Enterprise Trust & Investment Co acquired a new position in Amazon.com during the second quarter worth $27,000. Phocas Financial Corp. acquired a new position in Amazon.com during the second quarter worth $4,545,000. Litman Gregory Asset Management LLC acquired a new position in Amazon.com during the second quarter worth $53,000. Clear Investment Research LLC grew its holdings in Amazon.com by 27.6% during the second quarter. Clear Investment Research LLC now owns 37 shares of the e-commerce giant’s stock worth $70,000 after acquiring an additional 8 shares during the period. Finally, Contravisory Investment Management Inc. grew its holdings in Amazon.com by 20.6% during the second quarter. Contravisory Investment Management Inc. now owns 41 shares of the e-commerce giant’s stock worth $78,000 after acquiring an additional 7 shares during the period. 55.73% 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 third-party sellers through physical stores and online stores.

Recommended Story: What are earnings reports?

Receive News & Ratings for Amazoncom Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazoncom Inc and related companies with MarketBeat.com's FREE daily email newsletter.