A number of other research firms have also weighed in on AMZN. Instinet cut their price objective on shares of Amazon.com from $1,100.00 to $975.00 and set a buy rating for the company in a research report on Friday, June 16th. Loop Capital reaffirmed a buy rating on shares of Amazon.com in a research report on Thursday, June 8th. Vetr lowered shares of Amazon.com from a strong-buy rating to a buy rating and set a $1,132.46 price target for the company. in a research report on Tuesday, July 18th. KeyCorp reaffirmed a hold rating on shares of Amazon.com in a research report on Monday, August 28th. Finally, J P Morgan Chase & Co reaffirmed a buy rating on shares of Amazon.com in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating, forty-six have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $1,096.67.
Amazon.com (NASDAQ:AMZN) opened at 986.79 on Thursday. Amazon.com has a 12 month low of $710.10 and a 12 month high of $1,083.31. The company has a market cap of $474.03 billion, a price-to-earnings ratio of 250.96 and a beta of 1.47. The stock has a 50 day moving average price of $975.62 and a 200 day moving average price of $949.38.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($1.00). The business had revenue of $37.96 billion for the quarter, compared to analyst estimates of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The business’s revenue was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.78 EPS. Analysts anticipate that Amazon.com will post $3.89 earnings per share for the current fiscal year.
In related news, CEO Jeffrey A. Wilke sold 2,800 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total transaction of $2,674,560.00. Following the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $9,552,000. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 544 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $986.52, for a total value of $536,666.88. Following the sale, the vice president now owns 6,533 shares in the company, valued at $6,444,935.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,793 shares of company stock worth $9,574,377. 17.70% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the stock. Frontier Investment Mgmt Co. raised its stake in shares of Amazon.com by 159.6% during the 2nd quarter. Frontier Investment Mgmt Co. now owns 701 shares of the e-commerce giant’s stock valued at $679,000 after purchasing an additional 431 shares during the period. W. E. Donoghue & Co. LLC purchased a new position in Amazon.com during the second quarter worth about $2,252,000. Intl Fcstone Inc. purchased a new position in Amazon.com during the second quarter worth about $1,306,000. Griffin Asset Management Inc. purchased a new position in Amazon.com during the second quarter worth about $716,000. Finally, Achmea Investment Management B.V. grew its position in Amazon.com by 22.9% during the second quarter. Achmea Investment Management B.V. now owns 15,274 shares of the e-commerce giant’s stock worth $14,782,000 after buying an additional 2,847 shares in the last quarter. Institutional investors own 60.80% 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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