Amazon.com (AMZN) Given Buy Rating at Stifel Nicolaus
Stifel Nicolaus reissued their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research note released on Friday morning. They currently have a $2,525.00 target price on the e-commerce giant’s stock.
“We are adding and removing Alibaba. We are making this change given near-term optimism for Amazon and an increasingly uncertain China macro environment.”,” Stifel Nicolaus’ analyst commented.
AMZN has been the topic of several other research reports. Piper Jaffray Companies reaffirmed an overweight rating and issued a $2,100.00 target price (up previously from $2,075.00) on shares of Amazon.com in a report on Friday, July 27th. Macquarie reaffirmed a buy rating on shares of Amazon.com in a report on Wednesday, August 15th. Jefferies Financial Group reaffirmed a buy rating on shares of Amazon.com in a report on Thursday, August 23rd. Canaccord Genuity reaffirmed a buy rating and issued a $2,000.00 target price (up previously from $1,800.00) on shares of Amazon.com in a report on Thursday, July 12th. Finally, BidaskClub raised shares of Amazon.com from a buy rating to a strong-buy rating in a report on Tuesday, July 17th. Four investment analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the company’s stock. Amazon.com has a consensus rating of Buy and an average target price of $2,005.64.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $2.58. The firm had revenue of $52.89 billion for the quarter, compared to analyst estimates of $53.37 billion. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. The business’s revenue for the quarter was up 39.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 EPS. Analysts predict that Amazon.com will post 17.78 earnings per share for the current fiscal year.
In other Amazon.com news, Director Tom A. Alberg sold 2,320 shares of the company’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $1,827.29, for a total transaction of $4,239,312.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Thomas O. Ryder sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $1,783.81, for a total transaction of $8,919,050.00. Following the transaction, the director now owns 10,752 shares in the company, valued at $19,179,525.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,308 shares of company stock worth $47,905,498. 16.30% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in Amazon.com by 0.7% during the 2nd quarter. BlackRock Inc. now owns 25,402,494 shares of the e-commerce giant’s stock valued at $43,179,159,000 after purchasing an additional 167,739 shares during the period. FMR LLC lifted its position in Amazon.com by 0.7% during the 2nd quarter. FMR LLC now owns 17,245,226 shares of the e-commerce giant’s stock valued at $29,313,435,000 after purchasing an additional 121,401 shares during the period. Summit Trail Advisors LLC lifted its position in Amazon.com by 180,406.1% during the 1st quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock valued at $9,848,000 after purchasing an additional 9,842,959 shares during the period. Northern Trust Corp lifted its position in Amazon.com by 1.1% during the 2nd quarter. Northern Trust Corp now owns 4,676,441 shares of the e-commerce giant’s stock valued at $7,949,013,000 after purchasing an additional 50,552 shares during the period. Finally, Morgan Stanley lifted its position in Amazon.com by 1.8% during the 2nd quarter. Morgan Stanley now owns 4,637,654 shares of the e-commerce giant’s stock valued at $7,883,083,000 after purchasing an additional 81,024 shares during the period. Institutional investors own 57.36% of the company’s stock.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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