Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating restated by analysts at Cantor Fitzgerald in a research report issued to clients and investors on Friday, September 1st. They currently have a $1,150.00 price target on the e-commerce giant’s stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 16.54% from the stock’s previous close.
AMZN has been the topic of a number of other research reports. MKM Partners restated a “buy” rating and issued a $1,095.00 price target (up previously from $995.00) on shares of Amazon.com in a research report on Monday, May 8th. Instinet restated a “buy” rating on shares of Amazon.com in a research report on Friday, June 2nd. BidaskClub cut Amazon.com from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. SunTrust Banks, Inc. began coverage on Amazon.com in a research note on Tuesday, August 15th. They issued a “buy” rating and a $1,220.00 price objective on the stock. Finally, JMP Securities reaffirmed an “outperform” rating and issued a $1,125.00 price objective on shares of Amazon.com in a research note on Friday, August 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating, forty-six have issued a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $1,096.67.
Shares of Amazon.com (AMZN) opened at 986.79 on Friday. The stock has a market cap of $474.03 billion, a P/E ratio of 250.96 and a beta of 1.47. Amazon.com has a one year low of $710.10 and a one year high of $1,083.31. The firm has a 50 day moving average of $975.62 and a 200 day moving average of $949.38.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($1.00). The firm had revenue of $37.96 billion for the quarter, compared to the consensus estimate of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The firm’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.78 EPS. On average, equities research analysts predict that Amazon.com will post $3.89 EPS for the current fiscal year.
TRADEMARK VIOLATION WARNING: “Amazon.com, Inc. (NASDAQ:AMZN) Given “Buy” Rating at Cantor Fitzgerald” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another publication, it was copied illegally and republished in violation of international copyright law. The original version of this news story can be viewed at https://ledgergazette.com/2017/09/17/amazon-coms-amzn-buy-rating-reaffirmed-at-cantor-fitzgerald.html.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 710 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $987.39, for a total transaction of $701,046.90. Following the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $9,873,900. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Brian T. Olsavsky sold 2,334 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $988.90, for a total value of $2,308,092.60. Following the sale, the insider now directly owns 1,748 shares in the company, valued at $1,728,597.20. The disclosure for this sale can be found here. Insiders have sold 9,793 shares of company stock worth $9,574,377 over the last quarter. 17.70% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Amazon.com by 2.9% during the second quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock valued at $26,003,758,000 after acquiring an additional 764,115 shares during the period. BlackRock Inc. raised its holdings in Amazon.com by 2.4% during the second quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock valued at $23,160,193,000 after acquiring an additional 554,990 shares during the period. State Street Corp raised its holdings in Amazon.com by 1.1% during the first quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock valued at $14,667,392,000 after acquiring an additional 186,756 shares during the period. Capital Research Global Investors raised its holdings in Amazon.com by 0.4% during the second 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 acquiring an additional 40,068 shares during the period. Finally, TIAA CREF Investment Management LLC raised its holdings in Amazon.com by 1.7% during the second 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 acquiring an additional 46,800 shares during the period. 60.80% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.