Deutsche Bank Reiterates “Buy” Rating for Amazon.com (AMZN)

Deutsche Bank reissued their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research report sent to investors on Monday, March 12th.

Other analysts also recently issued reports about the company. Vetr upgraded Amazon.com from a sell rating to a hold rating and set a $1,155.74 price target on the stock in a research note on Wednesday, November 29th. Wells Fargo reiterated a buy rating on shares of Amazon.com in a research report on Monday, December 4th. Oppenheimer reiterated a buy rating on shares of Amazon.com in a research report on Friday, February 2nd. Macquarie reiterated a buy rating on shares of Amazon.com in a research report on Friday, February 2nd. Finally, Canaccord Genuity reissued a buy rating and issued a $1,650.00 price target (up from $1,500.00) on shares of Amazon.com in a report on Friday, February 2nd. Four analysts have rated the stock with a hold rating, forty-eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $1,494.78.

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Shares of NASDAQ AMZN opened at $1,405.23 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.89. Amazon.com has a fifty-two week low of $884.49 and a fifty-two week high of $1,617.54. The stock has a market cap of $682,867.06, a PE ratio of 308.84, a price-to-earnings-growth ratio of 6.20 and a beta of 1.59.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.31. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. The company had revenue of $60.45 billion for the quarter, compared to the consensus estimate of $59.85 billion. During the same period last year, the business posted $1.54 EPS. The company’s revenue was up 38.2% on a year-over-year basis. equities analysts forecast that Amazon.com will post 8.49 EPS for the current year.

In other news, CEO Jeffrey A. Wilke sold 2,000 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $1,454.37, for a total transaction of $2,908,740.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey A. Wilke sold 250 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $1,518.47, for a total value of $379,617.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,214 shares of company stock valued at $9,251,120. Corporate insiders own 17.70% of the company’s stock.

Several institutional investors have recently modified their holdings of AMZN. Vanguard Group Inc. raised its holdings in shares of Amazon.com by 2.9% during the second quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock worth $26,003,758,000 after acquiring an additional 764,115 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Amazon.com by 0.4% during the fourth quarter. BlackRock Inc. now owns 24,535,840 shares of the e-commerce giant’s stock worth $28,693,927,000 after acquiring an additional 88,437 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Amazon.com by 0.4% during the second quarter. Capital Research Global Investors now owns 10,711,772 shares of the e-commerce giant’s stock worth $10,368,995,000 after acquiring an additional 40,068 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Amazon.com by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 4,224,515 shares of the e-commerce giant’s stock worth $4,930,014,000 after acquiring an additional 98,906 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its holdings in shares of Amazon.com by 1.7% during the second quarter. TIAA CREF Investment Management LLC now owns 2,828,302 shares of the e-commerce giant’s stock worth $2,737,796,000 after acquiring an additional 46,800 shares in the last quarter. 60.21% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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