Amazon.com (NASDAQ:AMZN) Upgraded to Strong-Buy at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of Amazon.com (NASDAQ:AMZN) to a strong-buy rating in a report released on Wednesday, Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Itau BBA Securities downgraded shares of Amazon.com from an outperform rating to a market perform rating and set a $186.00 price objective on the stock. in a research report on Friday, August 2nd. Maxim Group upped their price target on Amazon.com from $238.00 to $251.00 and gave the stock a buy rating in a research report on Friday, August 2nd. Stifel Nicolaus lowered their price objective on Amazon.com from $228.00 to $224.00 and set a buy rating for the company in a research report on Friday, August 2nd. Tigress Financial upped their target price on Amazon.com from $210.00 to $245.00 and gave the company a buy rating in a research report on Thursday, May 30th. Finally, Royal Bank of Canada reiterated an outperform rating and issued a $215.00 price target on shares of Amazon.com in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating, forty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of Buy and an average price target of $222.49.

Amazon.com Trading Up 2.6 %

NASDAQ:AMZN opened at $177.89 on Wednesday. The firm has a 50-day simple moving average of $181.54 and a 200-day simple moving average of $181.18. Amazon.com has a one year low of $118.35 and a one year high of $201.20. The firm has a market cap of $1.85 trillion, a P/E ratio of 49.83, a P/E/G ratio of 1.34 and a beta of 1.15. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.18. The company had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Equities analysts anticipate that Amazon.com will post 4.86 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 1,463,437 shares of Amazon.com stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $200.08, for a total value of $292,804,474.96. Following the transaction, the insider now owns 935,211,842 shares in the company, valued at approximately $187,117,185,347.36. The disclosure for this sale can be found here. Insiders sold 6,104,317 shares of company stock valued at $1,220,621,322 over the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Amazon.com

Hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Amazon.com during the 4th quarter worth $17,700,551,000. Vanguard Group Inc. lifted its holdings in shares of Amazon.com by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after acquiring an additional 14,724,687 shares during the last quarter. Swedbank AB purchased a new position in shares of Amazon.com during the 1st quarter worth approximately $2,239,757,000. Capital World Investors increased its holdings in Amazon.com by 64.6% in the 1st quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock valued at $5,295,899,000 after purchasing an additional 11,524,463 shares during the last quarter. Finally, Capital Research Global Investors raised its position in Amazon.com by 8.5% in the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after purchasing an additional 6,810,145 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.