Barclays Reaffirms “Buy” Rating for Amazon.com (AMZN)

Barclays restated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research note released on Wednesday.

Several other research firms have also recently issued reports on AMZN. DA Davidson increased their price target on shares of Amazon.com from $2,200.00 to $2,450.00 and gave the stock a buy rating in a report on Wednesday, September 5th. Wells Fargo & Co reaffirmed a buy rating and issued a $2,300.00 target price on shares of Amazon.com in a report on Monday, October 1st. BidaskClub raised shares of Amazon.com from a hold rating to a buy rating in a report on Friday, September 28th. Robert W. Baird reaffirmed a buy rating on shares of Amazon.com in a report on Monday, September 3rd. Finally, Macquarie reaffirmed a buy rating and issued a $2,200.00 target price on shares of Amazon.com in a report on Tuesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and forty-eight have given a buy rating to the stock. Amazon.com currently has a consensus rating of Buy and a consensus target price of $2,085.14.

NASDAQ AMZN opened at $1,502.06 on Wednesday. The stock has a market cap of $741.63 billion, a P/E ratio of 330.12, a PEG ratio of 2.88 and a beta of 1.70. Amazon.com has a 52-week low of $1,124.74 and a 52-week high of $2,050.50. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.08 and a quick ratio of 0.80.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.29 by $2.46. The firm had revenue of $56.58 billion during the quarter, compared to analysts’ expectations of $57.05 billion. Amazon.com had a net margin of 4.03% and a return on equity of 24.35%. As a group, sell-side analysts predict that Amazon.com will post 19.49 EPS for the current fiscal year.

In other news, insider Jeffrey M. Blackburn sold 4,108 shares of the firm’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $1,952.10, for a total value of $8,019,226.80. Following the transaction, the insider now owns 42,874 shares of the company’s stock, valued at approximately $83,694,335.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey P. Bezos sold 16,964 shares of the firm’s stock in a transaction on Monday, October 29th. The shares were sold at an average price of $1,632.23, for a total transaction of $27,689,149.72. Following the completion of the transaction, the chief executive officer now directly owns 78,884,539 shares in the company, valued at approximately $128,757,711,091.97. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,950 shares of company stock worth $54,540,968. 16.30% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Belpointe Asset Management LLC increased its stake in Amazon.com by 77.3% during the 3rd quarter. Belpointe Asset Management LLC now owns 4,790 shares of the e-commerce giant’s stock worth $9,594,000 after buying an additional 2,089 shares during the period. Vanguard Group Inc. increased its stake in Amazon.com by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 29,599,653 shares of the e-commerce giant’s stock worth $59,288,105,000 after buying an additional 516,913 shares during the period. Dodge & Cox increased its stake in Amazon.com by 32.1% during the 3rd quarter. Dodge & Cox now owns 1,030 shares of the e-commerce giant’s stock worth $2,063,000 after buying an additional 250 shares during the period. WealthPLAN Partners LLC increased its stake in Amazon.com by 16.4% during the 3rd quarter. WealthPLAN Partners LLC now owns 1,761 shares of the e-commerce giant’s stock worth $2,634,000 after buying an additional 248 shares during the period. Finally, Morgan Stanley increased its stake in Amazon.com by 2.4% during the 3rd quarter. Morgan Stanley now owns 4,751,157 shares of the e-commerce giant’s stock worth $9,516,567,000 after buying an additional 113,503 shares during the period. 56.12% of the stock is currently owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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