Amazon.com (AMZN) Receives Buy Rating from Barclays

Barclays reissued their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a report published on Friday morning.

AMZN has been the subject of a number of other reports. Stifel Nicolaus reissued a buy rating and issued a $2,525.00 target price on shares of Amazon.com in a report on Friday, October 12th. BidaskClub cut Amazon.com from a buy rating to a hold rating in a report on Friday, October 5th. Jefferies Financial Group reissued a buy rating and issued a $2,185.00 target price on shares of Amazon.com in a report on Friday, August 17th. ValuEngine raised Amazon.com from a hold rating to a buy rating in a report on Thursday, September 13th. Finally, Oppenheimer reissued a buy rating on shares of Amazon.com in a report on Friday, August 17th. Three equities research analysts have rated the stock with a hold rating and fifty have assigned a buy rating to the stock. Amazon.com presently has a consensus rating of Buy and a consensus price target of $2,016.87.

Amazon.com stock opened at $1,789.30 on Friday. Amazon.com has a 12 month low of $962.50 and a 12 month high of $2,050.50. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $860.39 billion, a price-to-earnings ratio of 393.25, a PEG ratio of 3.67 and a beta of 1.58.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.49 by $2.58. Amazon.com had a return on equity of 18.47% and a net margin of 3.02%. The business had revenue of $52.89 billion during the quarter, compared to analysts’ expectations of $53.37 billion. During the same period in the prior year, the firm posted $0.40 EPS. Amazon.com’s quarterly revenue was up 39.3% compared to the same quarter last year. As a group, analysts expect that Amazon.com will post 17.79 earnings per share for the current fiscal year.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,000 shares of the stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $2,004.25, for a total value of $4,008,500.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $20,042,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 1,726 shares of the stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $1,900.00, for a total value of $3,279,400.00. Following the completion of the transaction, the chief executive officer now owns 88,801 shares in the company, valued at $168,721,900. The disclosure for this sale can be found here. Insiders sold a total of 25,308 shares of company stock worth $47,905,498 over the last quarter. Corporate insiders own 16.30% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in AMZN. Vista Equity Partners Management LLC boosted its position in shares of Amazon.com by 44.3% in the 1st quarter. Vista Equity Partners Management LLC now owns 12,827 shares of the e-commerce giant’s stock worth $18,565,000 after purchasing an additional 3,936 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Amazon.com by 5.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 25,537 shares of the e-commerce giant’s stock worth $43,408,000 after purchasing an additional 1,342 shares during the last quarter. Berkshire Capital Holdings Inc. bought a new position in shares of Amazon.com in the 1st quarter worth $17,715,000. Bennicas & Associates Inc. bought a new position in shares of Amazon.com in the 2nd quarter worth $221,000. Finally, Howard Capital Management Inc. boosted its position in shares of Amazon.com by 182.5% in the 1st quarter. Howard Capital Management Inc. now owns 613 shares of the e-commerce giant’s stock worth $879,000 after purchasing an additional 396 shares during the last quarter. Hedge funds and other institutional investors own 57.15% of the company’s stock.

About Amazon.com

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.

Further Reading: Market Capitalization in the Stock Market

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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