Amazon.com (AMZN) Given “Buy” Rating at JPMorgan Chase & Co.

Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating reissued by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday.

Several other research firms have also recently commented on AMZN. BidaskClub cut shares of Amazon.com from a “hold” rating to a “sell” rating in a research note on Wednesday, October 31st. Morningstar reiterated a “buy” rating on shares of Amazon.com in a research note on Thursday, October 11th. Barclays reiterated a “buy” rating on shares of Amazon.com in a research note on Tuesday, September 11th. Jefferies Financial Group reiterated a “buy” rating on shares of Amazon.com in a research note on Monday, October 1st. Finally, Macquarie reiterated a “buy” rating on shares of Amazon.com in a research note on Monday, October 8th. Three analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $2,087.85.

NASDAQ AMZN opened at $1,656.22 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $811.40 billion, a price-to-earnings ratio of 364.00, a price-to-earnings-growth ratio of 2.33 and a beta of 1.66. Amazon.com has a 12-month low of $1,256.46 and a 12-month high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating the Zacks’ 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, analysts anticipate that Amazon.com will post 19.5 EPS for the current fiscal year.

In other Amazon.com news, Director Patricia Q. Stonesifer sold 1,375 shares of the company’s stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $1,678.99, for a total transaction of $2,308,611.25. Following the transaction, the director now directly owns 9,127 shares in the company, valued at approximately $15,324,141.73. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey A. Wilke sold 1,230 shares of the company’s stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $1,506.94, for a total transaction of $1,853,536.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,842 shares of company stock worth $38,549,801. Corporate insiders own 16.30% of the company’s stock.

Several large investors have recently made changes to their positions in AMZN. Bank of New York Mellon Corp raised its position in shares of Amazon.com by 700,301.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,999,295 shares of the e-commerce giant’s stock valued at $8,010,587,000 after acquiring an additional 3,998,724 shares during the period. Cornerstone Wealth Management LLC raised its position in shares of Amazon.com by 198,956.6% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 3,340,169 shares of the e-commerce giant’s stock valued at $1,949,000 after acquiring an additional 3,338,491 shares during the period. Vanguard Group Inc raised its position in shares of Amazon.com by 1.8% in the 3rd quarter. Vanguard Group Inc now owns 29,599,653 shares of the e-commerce giant’s stock valued at $59,288,105,000 after acquiring an additional 516,913 shares during the period. Sei Investments Co. raised its position in shares of Amazon.com by 799.2% in the 2nd quarter. Sei Investments Co. now owns 282,661 shares of the e-commerce giant’s stock valued at $480,471,000 after acquiring an additional 251,227 shares during the period. Finally, Royal London Asset Management Ltd. acquired a new stake in shares of Amazon.com in the 2nd quarter valued at approximately $409,413,000. Institutional investors and hedge funds own 55.57% 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.

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