Barclays PLC reaffirmed their overweight rating on shares of Amazon.com, Inc. (NASDAQ:AMZN) in a report published on Friday, October 27th, MarketBeat.com reports. The firm currently has a $1,210.00 price target on the e-commerce giant’s stock, up from their prior price target of $1,150.00.
Several other analysts have also recently issued reports on AMZN. Vetr upgraded Amazon.com from a buy rating to a strong-buy rating and set a $1,095.08 price objective on the stock in a research note on Monday, July 3rd. Royal Bank Of Canada reiterated an outperform rating and issued a $1,100.00 price objective on shares of Amazon.com in a research note on Monday, July 3rd. BidaskClub cut Amazon.com from a buy rating to a hold rating in a research note on Tuesday, July 4th. Robert W. Baird reissued an outperform rating and issued a $850.00 target price on shares of Amazon.com in a report on Tuesday, July 4th. Finally, Credit Suisse Group reissued an outperform rating and issued a $1,100.00 target price on shares of Amazon.com in a report on Tuesday, July 11th. Five research analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $1,142.08.
Amazon.com (NASDAQ:AMZN) opened at $1,128.18 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03. Amazon.com has a 52 week low of $710.10 and a 52 week high of $1,135.54. The company has a market capitalization of $542,270.00, a price-to-earnings ratio of 285.62, a price-to-earnings-growth ratio of 14.04 and a beta of 1.45.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.57). The company had revenue of $43.74 billion during the quarter, compared to analyst estimates of $42.26 billion. Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The firm’s revenue was up 33.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.52 earnings per share. sell-side analysts predict that Amazon.com will post 4.26 EPS for the current fiscal year.
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In related news, CEO Jeffrey P. Bezos sold 391,110 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were 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 directly owns 79,891,433 shares of the company’s stock, valued at approximately $88,162,593,058.49. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Andrew R. Jassy sold 1,985 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $986.12, for a total transaction of $1,957,448.20. Following the sale, the chief executive officer now directly owns 81,479 shares of the company’s stock, valued at $80,348,071.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 401,343 shares of company stock valued at $441,838,533. 17.00% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the business. Vestor Capital LLC lifted its holdings in shares of Amazon.com by 10.1% during the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after acquiring an additional 10 shares during the period. Whitnell & Co. lifted its holdings in shares of Amazon.com by 581.3% during the 3rd quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock worth $105,000 after acquiring an additional 93 shares during the period. WealthTrust Arizona LLC lifted its holdings in shares of Amazon.com by 2.7% during the 2nd quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock worth $110,000 after acquiring an additional 3 shares during the period. LeJeune Puetz Investment Counsel LLC bought a new position in shares of Amazon.com during the 2nd quarter worth about $116,000. Finally, Mountain Capital Investment Advisors Inc bought a new position in shares of Amazon.com during the 2nd quarter worth about $121,000. 60.54% of the stock is owned by hedge funds and other institutional investors.
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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