Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “outperform” rating reaffirmed by research analysts at Robert W. Baird in a research report issued to clients and investors on Thursday. They presently have a $850.00 price objective on the e-commerce giant’s stock. Robert W. Baird’s price objective would suggest a potential downside of 5.77% from the stock’s current price.
Other analysts have also issued reports about the stock. Credit Suisse Group AG reduced their price target on shares of Amazon.com from $950.00 to $900.00 and set an “outperform” rating for the company in a research note on Friday, February 3rd. Susquehanna Bancshares Inc reissued a “positive” rating and set a $1,250.00 target price on shares of Amazon.com in a research note on Monday, February 6th. Mizuho cut their target price on shares of Amazon.com from $920.00 to $905.00 and set a “buy” rating for the company in a research note on Friday, February 3rd. JMP Securities reissued a “positive” rating on shares of Amazon.com in a research note on Friday, February 3rd. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Amazon.com in a research note on Friday, December 16th. Five investment analysts have rated the stock with a hold rating and forty-eight have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $961.29.
Shares of Amazon.com (NASDAQ:AMZN) traded down 0.48% during mid-day trading on Thursday, reaching $897.70. The company’s stock had a trading volume of 1,871,233 shares. The company’s 50-day moving average is $871.22 and its 200-day moving average is $817.02. The stock has a market capitalization of $428.36 billion, a price-to-earnings ratio of 183.20 and a beta of 1.40. Amazon.com has a 52 week low of $599.20 and a 52 week high of $923.72.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. The company earned $43.74 billion during the quarter, compared to analyst estimates of $44.66 billion. Amazon.com had a net margin of 1.74% and a return on equity of 13.87%. The business’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.00 EPS. Equities analysts predict that Amazon.com will post $7.24 EPS for the current year.
TRADEMARK VIOLATION NOTICE: “Amazon.com, Inc. (AMZN) Receives “Outperform” Rating from Robert W. Baird” was first posted by BBNS and is the sole property of of BBNS. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright legislation. The correct version of this report can be viewed at https://baseballnewssource.com/markets/amazon-com-inc-amzn-given-outperform-rating-at-robert-w-baird-updated/580446.html.
In related news, Director Tom A. Alberg sold 590 shares of the stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total value of $501,500.00. Following the transaction, the director now directly owns 22,525 shares in the company, valued at approximately $19,146,250. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David Zapolsky sold 503 shares of the stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total value of $427,550.00. Following the completion of the transaction, the insider now owns 2,523 shares in the company, valued at $2,144,550. The disclosure for this sale can be found here. 17.70% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in the company. State Street Corp raised its stake in shares of Amazon.com by 3.5% in the fourth quarter. State Street Corp now owns 16,357,782 shares of the e-commerce giant’s stock valued at $12,266,213,000 after buying an additional 548,945 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in shares of Amazon.com by 2.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 10,317,381 shares of the e-commerce giant’s stock valued at $8,638,846,000 after buying an additional 237,004 shares during the period. BlackRock Fund Advisors raised its stake in shares of Amazon.com by 4.2% in the third quarter. BlackRock Fund Advisors now owns 4,893,066 shares of the e-commerce giant’s stock valued at $4,097,013,000 after buying an additional 198,927 shares during the period. Northern Trust Corp raised its stake in shares of Amazon.com by 1.3% in the third quarter. Northern Trust Corp now owns 4,637,241 shares of the e-commerce giant’s stock valued at $3,882,808,000 after buying an additional 59,052 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Amazon.com by 0.5% in the third quarter. Bank of New York Mellon Corp now owns 4,314,655 shares of the e-commerce giant’s stock valued at $3,612,703,000 after buying an additional 21,840 shares during the period. 65.08% of the stock is owned by institutional investors.
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with our FREE daily email newsletter.