Oppenheimer Holdings, Inc. restated their outperform rating on shares of Amazon.com, Inc. (NASDAQ:AMZN) in a research report report published on Friday, October 27th. Oppenheimer Holdings also issued estimates for Amazon.com’s Q1 2018 earnings at $1.42 EPS, Q2 2018 earnings at $1.21 EPS and Q3 2018 earnings at $0.56 EPS.
A number of other equities research analysts have also recently weighed in on AMZN. Vetr upgraded Amazon.com from a buy rating to a strong-buy rating and set a $1,095.08 price objective for the company in a research note on Monday, July 3rd. Royal Bank Of Canada reaffirmed an outperform rating and set a $1,100.00 target price on shares of Amazon.com in a report on Monday, July 3rd. BidaskClub lowered Amazon.com from a buy rating to a hold rating in a report on Tuesday, July 4th. Robert W. Baird reiterated an outperform rating and set a $850.00 price objective on shares of Amazon.com in a research report on Tuesday, July 4th. Finally, Credit Suisse Group reissued an outperform rating and set a $1,100.00 target price on shares of Amazon.com in a research note 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 stock. The stock has an average rating of Buy and an average price target of $1,142.08.
Shares of Amazon.com (AMZN) traded up $7.33 during trading hours on Friday, hitting $1,132.68. The stock had a trading volume of 680,396 shares, compared to its average volume of 3,549,393. The company has a market capitalization of $542,270.00, a P/E ratio of 285.62, a PEG ratio of 14.04 and a beta of 1.45. Amazon.com has a 1 year low of $710.10 and a 1 year high of $1,135.54. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.03 and a quick ratio of 0.74.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.57). Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The company had revenue of $43.74 billion for the quarter, compared to analysts’ expectations of $42.26 billion. During the same period in the previous year, the firm earned $0.52 earnings per share. The firm’s quarterly revenue was up 33.7% on a year-over-year basis. analysts expect that Amazon.com will post 4.26 EPS for the current year.
In related news, Director Tom A. Alberg sold 1,860 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $1,109.20, for a total transaction of $2,063,112.00. Following the completion of the transaction, the director now owns 18,460 shares in the company, valued at $20,475,832. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Shelley Reynolds sold 544 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $986.52, for a total transaction of $536,666.88. Following the completion of the sale, the vice president now directly owns 6,533 shares in the company, valued at $6,444,935.16. The disclosure for this sale can be found here. Insiders have sold a total of 401,343 shares of company stock worth $441,838,533 over the last three months. Insiders own 17.00% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Osborn Williams & Donohoe LLC grew its stake in shares of Amazon.com by 1.1% during the 2nd quarter. Osborn Williams & Donohoe LLC now owns 915 shares of the e-commerce giant’s stock valued at $886,000 after acquiring an additional 10 shares during the period. Reinhart Partners Inc. lifted its holdings in Amazon.com by 66.8% in the 1st quarter. Reinhart Partners Inc. now owns 789 shares of the e-commerce giant’s stock worth $699,000 after purchasing an additional 316 shares in the last quarter. Goelzer Investment Management Inc. raised its holdings in shares of Amazon.com by 48.7% during the 2nd quarter. Goelzer Investment Management Inc. now owns 397 shares of the e-commerce giant’s stock worth $384,000 after acquiring an additional 130 shares in the last quarter. Lakeview Capital Partners LLC raised its holdings in shares of Amazon.com by 19.6% during the 2nd quarter. Lakeview Capital Partners LLC now owns 1,074 shares of the e-commerce giant’s stock worth $1,040,000 after acquiring an additional 176 shares in the last quarter. Finally, IBM Retirement Fund raised its holdings in shares of Amazon.com by 76.6% during the 2nd quarter. IBM Retirement Fund now owns 9,728 shares of the e-commerce giant’s stock worth $10,523,000 after acquiring an additional 4,218 shares in the last quarter. 60.54% of the stock is 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.
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