Oppenheimer Holdings, Inc. Reaffirms Outperform Rating for Amazon.com, Inc. (AMZN)
Oppenheimer Holdings, Inc. reaffirmed their outperform rating on shares of Amazon.com, Inc. (NASDAQ:AMZN) in a report issued on Friday morning. Oppenheimer Holdings also issued estimates for Amazon.com’s Q1 2018 earnings at $1.42 EPS, Q2 2018 earnings at $1.21 EPS and Q3 2018 earnings at $0.56 EPS.
A number of other brokerages also recently issued reports on AMZN. Jefferies Group LLC reissued a buy rating and issued a $1,250.00 price objective (up from $1,135.00) on shares of Amazon.com in a research note on Friday, July 28th. Wedbush reissued a buy rating and issued a $1,250.00 price objective on shares of Amazon.com in a research note on Friday, July 28th. Barclays PLC upped their price target on Amazon.com from $1,120.00 to $1,150.00 and gave the stock an overweight rating in a research note on Friday, July 28th. Deutsche Bank AG upped their price target on Amazon.com from $1,135.00 to $1,175.00 and gave the stock a buy rating in a research note on Friday, July 28th. Finally, Aegis upped their price target on Amazon.com from $1,069.00 to $1,171.00 and gave the stock a buy rating in a research note on Friday, July 28th. Five analysts have rated the stock with a hold rating and fifty have given a buy rating to the company’s stock. Amazon.com presently has a consensus rating of Buy and a consensus target price of $1,135.75.
Shares of Amazon.com (NASDAQ:AMZN) opened at 1110.85 on Friday. The firm has a 50 day moving average price of $984.27 and a 200 day moving average price of $976.98. The company has a market capitalization of $533.63 billion, a P/E ratio of 282.52 and a beta of 1.47. Amazon.com has a one year low of $710.10 and a one year high of $1,122.79.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.57). The business had revenue of $43.74 billion during the quarter, compared to analyst estimates of $42.26 billion. Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The firm’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 earnings per share. On average, equities research analysts predict that Amazon.com will post $4.20 EPS for the current fiscal year.
In related news, CEO Jeffrey A. Wilke sold 710 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $981.74, for a total value of $697,035.40. Following the completion of the transaction, the chief executive officer now directly owns 15,312 shares in the company, valued at approximately $15,032,402.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 544 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $986.52, for a total transaction of $536,666.88. Following the completion of the transaction, the vice president now owns 6,533 shares of the company’s stock, valued at $6,444,935.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,083 shares of company stock valued at $8,874,850. 17.70% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Amazon.com by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock worth $26,003,758,000 after acquiring an additional 764,115 shares during the last quarter. BlackRock Inc. grew its position in Amazon.com by 2.4% in the 2nd quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock worth $23,160,193,000 after purchasing an additional 554,990 shares during the period. State Street Corp grew its position in Amazon.com by 1.1% in the 1st quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock worth $14,667,392,000 after purchasing an additional 186,756 shares during the period. Capital Research Global Investors grew its position in Amazon.com by 0.4% in the 2nd quarter. Capital Research Global Investors now owns 10,711,772 shares of the e-commerce giant’s stock worth $10,368,995,000 after purchasing an additional 40,068 shares during the period. Finally, TIAA CREF Investment Management LLC grew its position in Amazon.com by 1.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 2,828,302 shares of the e-commerce giant’s stock worth $2,737,796,000 after purchasing an additional 46,800 shares during the period. Institutional investors own 60.77% of the company’s stock.
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 Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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