Benchmark Co. reaffirmed their buy rating on shares of Amazon.com, Inc. (NASDAQ:AMZN) in a research note published on Tuesday morning.
AMZN has been the subject of a number of other reports. Morgan Stanley reaffirmed an overweight rating and issued a $950.00 price target on shares of Amazon.com in a report on Wednesday, January 18th. Jefferies Group LLC set a $950.00 price objective on Amazon.com and gave the company a buy rating in a research note on Thursday, December 1st. William Blair reiterated an outperform rating on shares of Amazon.com in a research note on Tuesday, December 13th. Mizuho reiterated a buy rating and issued a $950.00 price objective on shares of Amazon.com in a research note on Thursday, October 13th. Finally, Vetr upgraded Amazon.com from a hold rating to a buy rating and set a $880.16 price objective for the company in a research note on Thursday, October 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $925.80.
Shares of Amazon.com (NASDAQ:AMZN) opened at 839.15 on Tuesday. Amazon.com has a 52 week low of $474.00 and a 52 week high of $847.21. The stock’s 50 day moving average is $783.12 and its 200-day moving average is $779.05. The firm has a market cap of $398.74 billion, a PE ratio of 192.25 and a beta of 1.42.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.80 by $0.28. The business earned $32.71 billion during the quarter, compared to analyst estimates of $32.69 billion. Amazon.com had a net margin of 1.64% and a return on equity of 13.47%. The business’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same period last year, the company earned $0.17 earnings per share. On average, equities analysts predict that Amazon.com will post $4.77 EPS for the current fiscal year.
In other news, CEO Jeffrey A. Wilke sold 4,890 shares of Amazon.com stock in a transaction on Friday, December 9th. The stock was sold at an average price of $767.15, for a total transaction of $3,751,363.50. Following the transaction, the chief executive officer now owns 58,139 shares in the company, valued at $44,601,333.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 17.70% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of AMZN. Tairen Capital Ltd purchased a new position in shares of Amazon.com during the second quarter worth approximately $20,538,000. Deltec Asset Management LLC increased its position in shares of Amazon.com by 22.8% in the second quarter. Deltec Asset Management LLC now owns 9,152 shares of the e-commerce giant’s stock worth $6,549,000 after buying an additional 1,702 shares during the period. Seaward Management Limited Partnership increased its position in shares of Amazon.com by 20.9% in the second quarter. Seaward Management Limited Partnership now owns 22,428 shares of the e-commerce giant’s stock worth $16,049,000 after buying an additional 3,877 shares during the period. Strs Ohio increased its position in shares of Amazon.com by 2.9% in the second quarter. Strs Ohio now owns 395,153 shares of the e-commerce giant’s stock worth $282,779,000 after buying an additional 11,094 shares during the period. Finally, Smith Asset Management Group LP increased its position in shares of Amazon.com by 217.1% in the second quarter. Smith Asset Management Group LP now owns 31,069 shares of the e-commerce giant’s stock worth $22,234,000 after buying an additional 21,270 shares during the period. Institutional investors and hedge funds own 65.37% of the company’s stock.
Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).