Amazon.com (AMZN) Downgraded to “Buy” at BidaskClub

BidaskClub cut shares of Amazon.com (NASDAQ:AMZN) from a strong-buy rating to a buy rating in a report released on Friday.

Other equities analysts have also recently issued reports about the company. Loop Capital increased their price target on Amazon.com to $1,600.00 in a report on Friday, February 2nd. Morgan Stanley reissued a buy rating and set a $1,250.00 price target on shares of Amazon.com in a report on Friday, December 1st. UBS reissued a buy rating on shares of Amazon.com in a report on Friday, December 1st. JMP Securities reissued a buy rating on shares of Amazon.com in a report on Friday, December 1st. Finally, MKM Partners increased their price target on Amazon.com from $1,275.00 to $1,350.00 and gave the company a buy rating in a report on Friday, December 1st. Four equities research analysts have rated the stock with a hold rating, forty-nine have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and an average target price of $1,481.38.

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AMZN stock opened at $1,447.34 on Friday. The company has a market capitalization of $700,667.69, a P/E ratio of 318.10, a price-to-earnings-growth ratio of 6.36 and a beta of 1.54. Amazon.com has a 12-month low of $859.02 and a 12-month high of $1,617.54. The company has a current ratio of 1.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.89.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.31. The firm had revenue of $60.45 billion for the quarter, compared to analysts’ expectations of $59.85 billion. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. The company’s revenue was up 38.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.54 EPS. analysts forecast that Amazon.com will post 8.49 EPS for the current year.

In related news, Director Tom A. Alberg sold 670 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $1,500.00, for a total value of $1,005,000.00. Following the completion of the transaction, the director now owns 14,159 shares of the company’s stock, valued at approximately $21,238,500. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,454.37, for a total transaction of $2,908,740.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,214 shares of company stock valued at $9,251,120. Company insiders own 17.70% of the company’s stock.

Several large investors have recently made changes to their positions in AMZN. Whitnell & Co. lifted its stake in Amazon.com by 581.3% in the third quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock worth $105,000 after purchasing an additional 93 shares during the last quarter. Vestor Capital LLC lifted its stake in Amazon.com by 10.1% in the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after purchasing an additional 10 shares during the last quarter. Taylor Hoffman Wealth Management bought a new stake in Amazon.com in the fourth quarter worth about $108,000. Portfolio Solutions LLC bought a new stake in Amazon.com in the fourth quarter worth about $119,000. Finally, Mountain Capital Investment Advisors Inc bought a new stake in Amazon.com in the second quarter worth about $121,000. 60.21% of the stock is owned by hedge funds and other institutional investors.

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Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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