Amazon.com, Inc. (AMZN) Earns “Buy” Rating from Tigress Financial
Other research analysts have also issued reports about the company. UBS AG lowered Amazon.com from an outperform rating to a market perform rating in a research report on Tuesday, April 25th. TheStreet lowered Amazon.com from a b- rating to a c+ rating in a research report on Monday, July 10th. KeyCorp reaffirmed a hold rating on shares of Amazon.com in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and issued a $1,275.00 target price on shares of Amazon.com in a research report on Friday, July 28th. Finally, Stifel Nicolaus reaffirmed a buy rating and issued a $1,025.00 target price on shares of Amazon.com in a research report on Monday, April 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, forty-three have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $1,065.61.
Amazon.com (NASDAQ AMZN) traded up 1.16% during trading on Wednesday, hitting $967.99. The stock had a trading volume of 3,468,017 shares. The company has a 50 day moving average of $998.12 and a 200-day moving average of $926.08. The company has a market cap of $465.00 billion, a P/E ratio of 246.18 and a beta of 1.48. Amazon.com has a 12-month low of $710.10 and a 12-month high of $1,083.31.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the consensus estimate of $1.40 by $1.00. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The firm had revenue of $37.96 billion during the quarter, compared to analyst estimates of $37.18 billion. During the same period in the previous year, the company earned $1.78 earnings per share. The business’s revenue for the quarter was up 24.8% on a year-over-year basis. On average, equities analysts predict that Amazon.com will post $3.83 EPS for the current year.
In related news, CEO Jeffrey A. Wilke sold 710 shares of Amazon.com stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $987.39, for a total value of $701,046.90. Following the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $9,873,900. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Tom A. Alberg sold 800 shares of Amazon.com stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $1,000.00, for a total value of $800,000.00. Following the completion of the sale, the director now directly owns 20,320 shares in the company, valued at approximately $20,320,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,890 shares of company stock worth $10,800,023. 17.70% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Scge Management L.P. bought a new stake in Amazon.com during the fourth quarter worth about $32,244,000. Banco Santander S.A. bought a new stake in Amazon.com during the fourth quarter worth about $26,486,000. Guggenheim Capital LLC increased its stake in Amazon.com by 1.2% in the fourth quarter. Guggenheim Capital LLC now owns 226,274 shares of the e-commerce giant’s stock worth $169,675,000 after buying an additional 2,648 shares in the last quarter. HCR Wealth Advisors bought a new stake in Amazon.com during the fourth quarter worth about $522,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in Amazon.com by 18.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 45,980 shares of the e-commerce giant’s stock worth $34,792,000 after buying an additional 7,250 shares in the last quarter. 62.17% of the stock is currently owned by institutional investors and hedge funds.
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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