Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating restated by Needham & Company LLC in a research report issued on Monday, June 19th. They currently have a $1,150.00 target price on the e-commerce giant’s stock. Needham & Company LLC’s target price would suggest a potential upside of 17.50% from the company’s current price.
A number of other brokerages have also commented on AMZN. Deutsche Bank AG raised their price target on Amazon.com from $1,050.00 to $1,125.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Robert W. Baird reiterated an “outperform” rating and issued a $850.00 price objective on shares of Amazon.com in a report on Monday, May 1st. MKM Partners reiterated a “buy” rating on shares of Amazon.com in a report on Thursday, March 30th. Raymond James Financial, Inc. downgraded Amazon.com from an “outperform” rating to a “mkt perform” rating in a report on Wednesday, April 26th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Amazon.com in a report on Monday, May 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Amazon.com presently has an average rating of “Buy” and an average price target of $1,017.75.
Amazon.com (NASDAQ:AMZN) traded up 1.41% on Monday, reaching $978.76. 2,643,387 shares of the company’s stock traded hands. Amazon.com has a 12 month low of $710.10 and a 12 month high of $1,017.00. The firm has a market cap of $467.82 billion, a PE ratio of 184.32 and a beta of 1.48. The firm’s 50-day moving average is $983.46 and its 200 day moving average is $880.70.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.45. The firm had revenue of $35.71 billion during the quarter, compared to analyst estimates of $35.31 billion. Amazon.com had a return on equity of 13.72% and a net margin of 1.81%. The business’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.07 earnings per share. Equities analysts predict that Amazon.com will post $6.68 EPS for the current year.
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In other Amazon.com news, insider David Zapolsky sold 505 shares of the stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $946.59, for a total transaction of $478,027.95. Following the transaction, the insider now owns 2,018 shares of the company’s stock, valued at approximately $1,910,218.62. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $1,011.06, for a total value of $2,022,120.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $10,110,600. The disclosure for this sale can be found here. Insiders have sold a total of 1,014,090 shares of company stock worth $954,546,394 in the last quarter. 17.70% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of AMZN. Stillwater Capital Advisors LLC raised its position in shares of Amazon.com by 0.4% in the first quarter. Stillwater Capital Advisors LLC now owns 526 shares of the e-commerce giant’s stock worth $466,000 after buying an additional 2 shares in the last quarter. Beese Fulmer Investment Management Inc. increased its stake in Amazon.com by 0.7% in the first quarter. Beese Fulmer Investment Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $256,000 after buying an additional 2 shares during the last quarter. Round Table Services LLC increased its stake in Amazon.com by 0.3% in the first quarter. Round Table Services LLC now owns 701 shares of the e-commerce giant’s stock worth $621,000 after buying an additional 2 shares during the last quarter. Naples Global Advisors LLC increased its stake in Amazon.com by 0.3% in the first quarter. Naples Global Advisors LLC now owns 1,078 shares of the e-commerce giant’s stock worth $956,000 after buying an additional 3 shares during the last quarter. Finally, Beaumont Financial Partners LLC increased its stake in Amazon.com by 0.6% in the first quarter. Beaumont Financial Partners LLC now owns 545 shares of the e-commerce giant’s stock worth $483,000 after buying an additional 3 shares during the last quarter. 62.51% of the stock is currently 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.
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