BidaskClub Downgrades Amazon.com (NASDAQ:AMZN) to Hold
Several other equities research analysts have also commented on AMZN. Barclays restated a buy rating on shares of Amazon.com in a research note on Monday, August 3rd. SVB Leerink started coverage on Amazon.com in a research note on Friday, July 24th. They issued a hold rating for the company. SunTrust Banks reaffirmed a buy rating and issued a $3,600.00 target price (up previously from $3,400.00) on shares of Amazon.com in a report on Thursday, July 30th. MKM Partners upped their target price on shares of Amazon.com from $3,550.00 to $3,650.00 in a report on Friday, July 31st. Finally, BMO Capital Markets upped their target price on shares of Amazon.com from $2,850.00 to $3,500.00 and gave the stock an outperform rating in a report on Thursday, July 30th. Six investment analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $3,291.50.
Shares of AMZN opened at $3,156.13 on Friday. The firm has a market cap of $1,554.25 billion, a PE ratio of 119.30, a P/E/G ratio of 3.23 and a beta of 1.32. The company has a current ratio of 1.18, a quick ratio of 0.97 and a debt-to-equity ratio of 0.45. The firm has a fifty day simple moving average of $3,230.98 and a two-hundred day simple moving average of $2,603.18. Amazon.com has a 1-year low of $1,626.03 and a 1-year high of $3,552.25.
In other news, CEO Jeffrey A. Wilke sold 750 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $3,304.28, for a total transaction of $2,478,210.00. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $33,042,800. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Indra K. Nooyi bought 27 shares of Amazon.com stock in a transaction dated Wednesday, July 1st. The shares were bought at an average cost of $2,806.80 per share, for a total transaction of $75,783.60. Following the completion of the transaction, the director now owns 707 shares of the company’s stock, valued at approximately $1,984,407.60. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 102,815 shares of company stock worth $324,095,003. Corporate insiders own 16.10% of the company’s stock.
Several large investors have recently modified their holdings of AMZN. Gantzert Investment Co. LLC ADV bought a new position in shares of Amazon.com during the second quarter valued at approximately $28,000. Lountzis Asset Management LLC acquired a new stake in Amazon.com in the second quarter valued at approximately $28,000. Sofos Investments Inc. boosted its stake in Amazon.com by 120.0% in the first quarter. Sofos Investments Inc. now owns 121 shares of the e-commerce giant’s stock valued at $31,000 after acquiring an additional 66 shares in the last quarter. James Investment Research Inc. acquired a new stake in Amazon.com in the second quarter valued at approximately $55,000. Finally, CBIZ Investment Advisory Services LLC boosted its stake in Amazon.com by 262.5% in the first quarter. CBIZ Investment Advisory Services LLC now owns 29 shares of the e-commerce giant’s stock valued at $57,000 after acquiring an additional 21 shares in the last quarter. 57.32% of the stock is currently owned by institutional investors and hedge funds.
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 third-party sellers through physical stores and online stores.
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