Amazon.com (AMZN) Now Covered by Analysts at Evercore ISI
Several other equities analysts also recently issued reports on AMZN. Canaccord Genuity reaffirmed a buy rating and set a $1,200.00 price target on shares of Amazon.com in a research note on Wednesday, October 11th. Wedbush set a $1,250.00 price target on shares of Amazon.com and gave the company a buy rating in a research note on Monday, October 23rd. Royal Bank Of Canada set a $1,100.00 price target on shares of Amazon.com and gave the company a buy rating in a research note on Monday, September 11th. Morgan Stanley reaffirmed a buy rating and set a $1,150.00 price target on shares of Amazon.com in a research note on Tuesday, October 10th. Finally, Atlantic Securities reaffirmed a buy rating on shares of Amazon.com in a research note on Friday, October 27th. Four investment analysts have rated the stock with a hold rating and fifty have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $1,210.68.
Shares of Amazon.com (NASDAQ AMZN) traded up $7.62 during trading hours on Tuesday, reaching $1,141.57. 4,079,700 shares of the company traded hands, compared to its average volume of 3,586,728. The company has a market cap of $546,418.94, a P/E ratio of 287.80, a price-to-earnings-growth ratio of 14.21 and a beta of 1.47. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03. Amazon.com has a fifty-two week low of $747.70 and a fifty-two week high of $1,213.41.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.57). The company had revenue of $43.74 billion during the quarter, compared to the consensus estimate of $42.26 billion. Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. Amazon.com’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.52 EPS. equities analysts predict that Amazon.com will post 4.24 earnings per share for the current fiscal year.
In other news, CEO Jeffrey P. Bezos sold 391,110 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the completion of the sale, the chief executive officer now directly owns 79,891,433 shares in the company, valued at approximately $88,162,593,058.49. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Tom A. Alberg sold 1,860 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $1,109.20, for a total transaction of $2,063,112.00. Following the completion of the sale, the director now owns 18,460 shares of the company’s stock, valued at $20,475,832. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 399,538 shares of company stock valued at $441,142,749. 17.00% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of 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 buying an additional 764,115 shares during the period. BlackRock Inc. grew its position in Amazon.com by 2.4% during the 2nd quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock valued at $23,160,193,000 after purchasing an additional 554,990 shares during the last quarter. State Street Corp grew its position in Amazon.com by 1.1% during the 1st quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock valued at $14,667,392,000 after purchasing an additional 186,756 shares during the last quarter. Capital Research Global Investors grew its position in Amazon.com by 0.4% during the 2nd quarter. Capital Research Global Investors now owns 10,711,772 shares of the e-commerce giant’s stock valued at $10,368,995,000 after purchasing an additional 40,068 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its position in Amazon.com by 1.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 2,828,302 shares of the e-commerce giant’s stock valued at $2,737,796,000 after purchasing an additional 46,800 shares during the last quarter. Hedge funds and other institutional investors own 59.79% 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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