BidaskClub downgraded shares of Amazon.com, Inc. (NASDAQ:AMZN) from a buy rating to a hold rating in a research note released on Tuesday.
Several other equities research analysts have also commented on AMZN. Vetr upgraded Amazon.com from a buy rating to a strong-buy rating and set a $1,095.08 target price on the stock in a research report on Tuesday, June 27th. Goldman Sachs Group, Inc. (The) restated a buy rating on shares of Amazon.com in a research report on Wednesday, June 28th. KeyCorp restated a hold rating on shares of Amazon.com in a research report on Thursday, June 22nd. Deutsche Bank AG restated a buy rating and set a $1,150.00 target price on shares of Amazon.com in a research report on Wednesday, June 28th. Finally, Nomura restated a buy rating on shares of Amazon.com in a research report on Thursday, June 15th. One analyst has rated the stock with a sell rating, five have given a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $1,017.75.
Shares of Amazon.com (NASDAQ:AMZN) opened at 978.76 on Tuesday. Amazon.com has a 52-week low of $710.10 and a 52-week high of $1,017.00. The firm has a market cap of $467.82 billion, a price-to-earnings ratio of 184.32 and a beta of 1.48. The stock’s 50 day moving average price is $983.46 and its 200-day moving average price is $880.70.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, April 27th. The e-commerce giant reported $1.48 EPS for the quarter, beating the consensus estimate of $1.03 by $0.45. Amazon.com had a return on equity of 13.72% and a net margin of 1.81%. The company had revenue of $35.71 billion for the quarter, compared to analyst estimates of $35.31 billion. During the same quarter in the prior year, the company earned $1.07 EPS. The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. On average, analysts forecast that Amazon.com will post $6.68 EPS for the current year.
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In related news, insider David Zapolsky sold 505 shares of the business’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $946.59, for a total value of $478,027.95. Following the completion of the transaction, the insider now directly owns 2,018 shares in the company, valued at approximately $1,910,218.62. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $940.74, for a total transaction of $940,740,000.00. Following the completion of the transaction, the chief executive officer now owns 80,857,196 shares of the company’s stock, valued at $76,065,598,565.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,014,090 shares of company stock valued at $954,546,394. 17.70% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in AMZN. Carlton Hofferkamp & Jenks Wealth Management LLC raised its position in shares of Amazon.com by 14.0% in the second quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 1,028 shares of the e-commerce giant’s stock worth $995,000 after buying an additional 126 shares during the last quarter. Burns J W & Co. Inc. NY raised its position in shares of Amazon.com by 6.4% in the second quarter. Burns J W & Co. Inc. NY now owns 3,596 shares of the e-commerce giant’s stock worth $3,481,000 after buying an additional 217 shares during the last quarter. Stillwater Capital Advisors LLC raised its position in shares of Amazon.com by 6.8% in the second quarter. Stillwater Capital Advisors LLC now owns 562 shares of the e-commerce giant’s stock worth $544,000 after buying an additional 36 shares during the last quarter. Trust Co raised its position in shares of Amazon.com by 37.7% in the first quarter. Trust Co now owns 1,239 shares of the e-commerce giant’s stock worth $1,099,000 after buying an additional 339 shares during the last quarter. Finally, Centre Asset Management LLC raised its position in shares of Amazon.com by 6.0% in the second quarter. Centre Asset Management LLC now owns 19,360 shares of the e-commerce giant’s stock worth $18,740,000 after buying an additional 1,090 shares during the last quarter. Institutional investors own 62.51% 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 North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
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