Amazon.com, Inc. (AMZN) Receives Buy Rating from Jefferies Group LLC

Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating restated by investment analysts at Jefferies Group LLC in a report issued on Thursday, August 31st. They presently have a $1,250.00 price target on the e-commerce giant’s stock. Jefferies Group LLC’s target price would suggest a potential upside of 26.01% from the stock’s current price. Jefferies Group also issued estimates for Amazon.com’s Q3 2017 earnings at ($0.15) EPS, Q4 2017 earnings at $0.76 EPS, FY2017 earnings at $2.48 EPS and FY2018 earnings at $7.38 EPS.

A number of other analysts have also commented on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $1,100.00 price objective on shares of Amazon.com in a research note on Thursday, August 31st. Credit Suisse Group reaffirmed an “outperform” rating on shares of Amazon.com in a research note on Thursday, August 31st. MKM Partners reaffirmed a “buy” rating and set a $1,275.00 price objective on shares of Amazon.com in a research note on Wednesday, August 30th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $1,100.00 price objective on shares of Amazon.com in a research note on Wednesday, August 30th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Amazon.com in a research note on Monday, August 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-six have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $1,094.66.

Amazon.com (NASDAQ AMZN) traded down 0.575% during trading on Thursday, reaching $986.505. 989,190 shares of the company’s stock traded hands. Amazon.com has a 12-month low of $710.10 and a 12-month high of $1,083.31. The company has a market cap of $473.90 billion, a PE ratio of 250.891 and a beta of 1.47. The company has a 50 day moving average price of $977.31 and a 200-day moving average price of $948.39.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($1.00). Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The business had revenue of $37.96 billion during the quarter, compared to analyst estimates of $37.18 billion. During the same period in the previous year, the company posted $1.78 earnings per share. Amazon.com’s revenue was up 24.8% compared to the same quarter last year. On average, equities research analysts forecast that Amazon.com will post $3.89 EPS for the current fiscal year.

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In related news, CEO Andrew R. Jassy sold 1,985 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $986.12, for a total transaction of $1,957,448.20. Following the completion of the sale, the chief executive officer now directly owns 81,479 shares of the company’s stock, valued at $80,348,071.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $955.20, for a total value of $2,674,560.00. Following the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $9,552,000. The disclosure for this sale can be found here. Insiders have sold 9,793 shares of company stock valued at $9,574,377 over the last ninety days. 17.70% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Leavell Investment Management Inc. grew its position in shares of Amazon.com by 0.3% in the second quarter. Leavell Investment Management Inc. now owns 394 shares of the e-commerce giant’s stock valued at $381,000 after purchasing an additional 1 shares in the last quarter. SeaBridge Investment Advisors LLC grew its position in shares of Amazon.com by 0.4% in the second quarter. SeaBridge Investment Advisors LLC now owns 272 shares of the e-commerce giant’s stock valued at $263,000 after purchasing an additional 1 shares in the last quarter. Stillwater Capital Advisors LLC grew 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 valued at $466,000 after purchasing an additional 2 shares in the last quarter. Beese Fulmer Investment Management Inc. grew its position in shares of 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 valued at $256,000 after purchasing an additional 2 shares in the last quarter. Finally, Round Table Services LLC grew its position in shares of Amazon.com by 0.3% in the first quarter. Round Table Services LLC now owns 701 shares of the e-commerce giant’s stock valued at $621,000 after purchasing an additional 2 shares in the last quarter. Institutional investors own 60.80% 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 Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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