Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating reaffirmed by equities research analysts at Needham & Company LLC in a research note issued to investors on Monday. They presently have a $1,150.00 target price on the e-commerce giant’s stock. Needham & Company LLC’s target price would indicate a potential upside of 15.56% from the company’s previous close.
Several other equities research analysts have also commented on the company. Loop Capital restated a “buy” rating on shares of Amazon.com in a research report on Thursday, June 8th. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of Amazon.com in a research note on Wednesday, May 31st. Instinet reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, June 2nd. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday, May 29th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $1,150.00 price target on shares of Amazon.com in a research note on Thursday, June 1st. Five analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $1,020.96.
Amazon.com (AMZN) traded up 0.76% during trading on Monday, reaching $995.17. The company’s stock had a trading volume of 5,039,996 shares. The stock has a market cap of $475.67 billion, a price-to-earnings ratio of 187.41 and a beta of 1.47. The firm has a 50 day moving average price of $970.64 and a 200-day moving average price of $865.45. Amazon.com has a 52-week low of $682.11 and a 52-week high of $1,017.00.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.45. Amazon.com had a return on equity of 13.72% and a net margin of 1.81%. The firm had revenue of $35.71 billion for the quarter, compared to analyst estimates of $35.31 billion. During the same quarter in the previous year, the company posted $1.07 EPS. The business’s revenue was up 22.6% on a year-over-year basis. On average, analysts expect that Amazon.com will post $6.68 earnings per share for the current year.
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In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,000 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tom A. Alberg sold 670 shares of the company’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $940.45, for a total transaction of $630,101.50. Following the completion of the transaction, the director now owns 21,855 shares in the company, valued at $20,553,534.75. The disclosure for this sale can be found here. Insiders sold a total of 1,013,380 shares of company stock worth $953,846,866 over the last 90 days. Insiders own 17.70% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Baltimore Washington Financial Advisors Inc. acquired a new position in Amazon.com during the fourth quarter worth about $23,951,000. OLD Second National Bank of Aurora increased its position in Amazon.com by 15.0% in the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock worth $102,000 after buying an additional 15 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in Amazon.com by 46.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 126 shares of the e-commerce giant’s stock worth $115,000 after buying an additional 40 shares in the last quarter. Jacobus Wealth Management Inc. acquired a new position in Amazon.com during the first quarter worth about $113,000. Finally, Ibex Wealth Advisors acquired a new position in Amazon.com during the fourth quarter worth about $113,000. Institutional investors and hedge funds own 63.45% of the company’s stock.
Amazon.com Company Profile
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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