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

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Morgan Stanley reiterated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a report released on Friday.

Other equities research analysts also recently issued research reports about the company. Nomura reaffirmed a buy rating on shares of Amazon.com in a research report on Friday, July 27th. Canaccord Genuity raised their price objective on Amazon.com from $2,000.00 to $2,100.00 and gave the company a buy rating in a research report on Friday, July 27th. Macquarie reissued a buy rating on shares of Amazon.com in a report on Friday, July 27th. Barclays reissued a buy rating and issued a $1,870.00 price target on shares of Amazon.com in a report on Friday, July 27th. Finally, Loop Capital raised their price target on Amazon.com to $2,200.00 and gave the stock a buy rating in a report on Friday, July 27th. Four equities research analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $2,091.53.

AMZN stock traded down $42.48 during trading on Friday, reaching $1,712.43. 5,891,531 shares of the company traded hands, compared to its average volume of 8,251,879. Amazon.com has a 12 month low of $1,121.63 and a 12 month high of $2,050.50. The company has a market cap of $858.38 billion, a P/E ratio of 108.03, a PEG ratio of 3.36 and a beta of 1.70. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.08 and a quick ratio of 0.80.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating analysts’ consensus estimates of $3.29 by $2.46. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. The company had revenue of $56.58 billion for the quarter, compared to the consensus estimate of $57.05 billion. On average, analysts anticipate that Amazon.com will post 19.37 EPS for the current year.

In related news, CFO Brian T. Olsavsky sold 2,028 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $1,909.55, for a total transaction of $3,872,567.40. Following the completion of the transaction, the chief financial officer now directly owns 1,781 shares in the company, valued at $3,400,908.55. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 1,726 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $1,900.00, for a total value of $3,279,400.00. Following the transaction, the chief executive officer now owns 88,801 shares of the company’s stock, valued at $168,721,900. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,327 shares of company stock valued at $64,744,896. Company insiders own 16.30% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Spirit of America Management Corp NY purchased a new stake in shares of Amazon.com in the third quarter valued at approximately $110,000. Taylor Hoffman Wealth Management boosted its stake in shares of Amazon.com by 192.3% in the third quarter. Taylor Hoffman Wealth Management now owns 76 shares of the e-commerce giant’s stock worth $152,000 after acquiring an additional 50 shares during the last quarter. Lee Financial Co boosted its stake in shares of Amazon.com by 154.3% in the first quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock worth $129,000 after acquiring an additional 54 shares during the last quarter. Lucia Wealth Services LLC boosted its stake in shares of Amazon.com by 50.0% in the second quarter. Lucia Wealth Services LLC now owns 90 shares of the e-commerce giant’s stock worth $153,000 after acquiring an additional 30 shares during the last quarter. Finally, Point72 Asia Hong Kong Ltd acquired a new stake in shares of Amazon.com in the first quarter worth approximately $145,000. Institutional investors own 56.59% of the company’s stock.

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: What are the Benefits of Index Funds?

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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