Robert W. Baird Reaffirms “Buy” Rating for Amazon.com (NASDAQ:AMZN)

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Robert W. Baird restated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research note issued to investors on Wednesday, October 17th.

Other equities analysts have also issued reports about the company. Royal Bank of Canada reaffirmed a $1,842.92 rating on shares of Amazon.com in a research report on Wednesday, July 18th. Barclays reaffirmed a buy rating on shares of Amazon.com in a research report on Monday, July 16th. Loop Capital upped their target price on Amazon.com from $1,800.00 to $1,900.00 and gave the company a buy rating in a research report on Wednesday, June 27th. BidaskClub lowered Amazon.com from a strong-buy rating to a buy rating in a research report on Tuesday, June 26th. Finally, Macquarie reissued a buy rating on shares of Amazon.com in a research report on Friday, June 22nd. Four equities research analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $2,091.53.

Amazon.com stock traded down $42.48 during midday trading on Wednesday, hitting $1,712.43. 5,891,531 shares of the company were exchanged, compared to its average volume of 8,251,879. The firm has a market capitalization of $858.38 billion, a PE ratio of 376.36, a price-to-earnings-growth ratio of 3.36 and a beta of 1.70. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.80 and a current ratio of 1.08. Amazon.com has a fifty-two week low of $1,121.63 and a fifty-two week high of $2,050.50.

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

In other Amazon.com news, Director Judith A. Mcgrath sold 500 shares of the company’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $1,905.00, for a total value of $952,500.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 1,726 shares of the company’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $1,900.00, for a total value of $3,279,400.00. Following the completion of the transaction, the chief executive officer now directly owns 88,801 shares in the company, valued at $168,721,900. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,327 shares of company stock valued at $64,744,896. Company insiders own 16.30% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Guidant Wealth Advisors grew its holdings in Amazon.com by 657.4% in the 2nd quarter. Guidant Wealth Advisors now owns 409 shares of the e-commerce giant’s stock valued at $100,000 after buying an additional 355 shares during the last quarter. Spirit of America Management Corp NY acquired a new stake in Amazon.com in the 3rd quarter valued at approximately $110,000. Lee Financial Co grew its holdings in Amazon.com by 154.3% in the 1st quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock valued at $129,000 after buying an additional 54 shares during the last quarter. Point72 Asia Hong Kong Ltd acquired a new stake in Amazon.com in the 1st quarter valued at approximately $145,000. Finally, Taylor Hoffman Wealth Management grew its holdings in Amazon.com by 192.3% in the 3rd quarter. Taylor Hoffman Wealth Management now owns 76 shares of the e-commerce giant’s stock valued at $152,000 after buying an additional 50 shares during the last quarter. 56.59% of the stock is currently owned by institutional investors.

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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