Amazon.com (AMZN) Given “Buy” Rating at Wells Fargo & Company
Several other research firms also recently commented on AMZN. Credit Suisse Group reaffirmed an outperform rating on shares of Amazon.com in a research note on Thursday, August 31st. Monness Crespi & Hardt raised shares of Amazon.com from a neutral rating to a buy rating and set a $1,250.00 price target on the stock in a research note on Friday, October 27th. Cowen reaffirmed an outperform rating and issued a $1,125.00 price target on shares of Amazon.com in a research note on Thursday, August 10th. Leerink Swann reaffirmed a buy rating on shares of Amazon.com in a research note on Monday, October 30th. Finally, TheStreet raised shares of Amazon.com from a c+ rating to a b- rating in a research note on Tuesday, November 7th. Four investment analysts have rated the stock with a hold rating and fifty have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $1,219.02.
Shares of Amazon.com (NASDAQ AMZN) opened at $1,159.79 on Monday. The stock has a market cap of $558,540.00, a PE ratio of 289.74, a PEG ratio of 14.30 and a beta of 1.46. The company has a quick ratio of 0.74, a current ratio of 1.03 and a debt-to-equity ratio of 1.00. Amazon.com has a twelve month low of $747.70 and a twelve month high of $1,213.41.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.57). The firm had revenue of $43.74 billion during the quarter, compared to the consensus estimate of $42.26 billion. Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. Amazon.com’s revenue was up 33.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 EPS. research analysts expect that Amazon.com will post 4.24 earnings per share for the current fiscal year.
In related news, Director Tom A. Alberg sold 1,860 shares of Amazon.com stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $1,109.20, for a total value of $2,063,112.00. Following the completion of the sale, the director now directly owns 18,460 shares in the company, valued at approximately $20,475,832. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey P. Bezos sold 391,110 shares of Amazon.com stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the completion of the sale, the chief executive officer now owns 79,891,433 shares of the company’s stock, valued at $88,162,593,058.49. The disclosure for this sale can be found here. In the last ninety days, insiders sold 399,538 shares of company stock worth $441,142,749. Insiders own 17.70% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Reinhart Partners Inc. lifted its stake in Amazon.com by 66.8% during the 1st quarter. Reinhart Partners Inc. now owns 789 shares of the e-commerce giant’s stock valued at $699,000 after acquiring an additional 316 shares during the period. WealthTrust Fairport LLC lifted its stake in Amazon.com by 18.4% during the 1st quarter. WealthTrust Fairport LLC now owns 5,962 shares of the e-commerce giant’s stock valued at $5,286,000 after acquiring an additional 926 shares during the period. Rhumbline Advisers lifted its stake in Amazon.com by 1.1% during the 1st quarter. Rhumbline Advisers now owns 635,236 shares of the e-commerce giant’s stock valued at $563,162,000 after acquiring an additional 7,068 shares during the period. CT Mason acquired a new stake in Amazon.com during the 1st quarter valued at approximately $3,508,000. Finally, Brick & Kyle Associates lifted its stake in Amazon.com by 1.7% during the 1st quarter. Brick & Kyle Associates now owns 4,325 shares of the e-commerce giant’s stock valued at $3,834,000 after acquiring an additional 72 shares during the period. Institutional investors own 59.79% of the company’s stock.
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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 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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