Amazon.com (AMZN) Receives “Buy” Rating from Oppenheimer

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Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating reiterated by equities research analysts at Oppenheimer in a research note issued on Friday, July 27th.

A number of other research firms have also weighed in on AMZN. Nomura restated a “buy” rating on shares of Amazon.com in a report on Friday, July 27th. DA Davidson raised their price target on shares of Amazon.com to $2,200.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. Stifel Nicolaus restated a “buy” rating and set a $2,020.00 price target on shares of Amazon.com in a research note on Friday, July 27th. BMO Capital Markets raised their price target on shares of Amazon.com from $2,000.00 to $2,250.00 and gave the stock an “outperform” rating in a research note on Friday, July 27th. Finally, Piper Jaffray Companies raised their price target on shares of Amazon.com from $1,850.00 to $2,075.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 17th. Two analysts have rated the stock with a hold rating, fifty have given a buy rating and one has given a strong buy rating to the company. Amazon.com has an average rating of “Buy” and an average target price of $1,933.51.

Shares of Amazon.com traded down $12.22, hitting $1,886.30, during trading on Friday, MarketBeat reports. The company’s stock had a trading volume of 3,620,761 shares, compared to its average volume of 5,021,807. The stock has a market cap of $925.99 billion, a price-to-earnings ratio of 414.57, a P/E/G ratio of 4.15 and a beta of 1.60. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. Amazon.com has a 52 week low of $931.75 and a 52 week high of $1,914.57.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.49 by $2.58. The company had revenue of $52.89 billion for the quarter, compared to analysts’ expectations of $53.37 billion. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. The business’s revenue was up 39.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.40 EPS. equities analysts anticipate that Amazon.com will post 17.27 earnings per share for the current fiscal year.

In related news, 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 value of $3,233,221.94. Following the transaction, the senior vice president now owns 44,541 shares of the company’s stock, valued at approximately $70,112,433.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Shelley Reynolds sold 435 shares of the firm’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $1,578.02, for a total transaction of $686,438.70. Following the completion of the transaction, the vice president now directly owns 6,408 shares in the company, valued at approximately $10,111,952.16. The disclosure for this sale can be found here. In the last three months, insiders sold 16,438 shares of company stock worth $27,553,529. Insiders own 16.30% of the company’s stock.

A number of hedge funds have recently bought and sold shares of AMZN. Guidant Wealth Advisors raised its holdings in shares of Amazon.com by 657.4% in the 2nd quarter. Guidant Wealth Advisors now owns 409 shares of the e-commerce giant’s stock worth $100,000 after buying an additional 355 shares in the last quarter. Taylor Hoffman Wealth Management acquired a new position in shares of Amazon.com in the 4th quarter worth approximately $108,000. Santori & Peters Inc. acquired a new position in shares of Amazon.com in the 4th quarter worth approximately $121,000. Lee Financial Co raised its holdings in shares of Amazon.com by 154.3% in the 1st quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock worth $129,000 after buying an additional 54 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd acquired a new position in shares of Amazon.com in the 1st quarter worth approximately $145,000. 57.12% of the stock is currently owned by 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.

Further Reading: Google Finance Portfolio Workaround

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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