Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating restated by Citigroup Inc. in a research note issued on Sunday, July 30th. They presently have a $1,200.00 price target on the e-commerce giant’s stock, down from their previous price target of $1,220.00. Citigroup Inc.’s price target indicates a potential upside of 23.97% from the stock’s previous close.
Other equities analysts have also issued reports about the company. William Blair reaffirmed a “buy” rating on shares of Amazon.com in a research report on Sunday, April 2nd. Credit Suisse Group reaffirmed a “buy” rating and set a $900.00 target price on shares of Amazon.com in a research report on Monday, April 10th. Needham & Company LLC raised Amazon.com from a “hold” rating to a “buy” rating and set a $1,000.00 target price on the stock in a research report on Monday, April 10th. Vetr raised Amazon.com from a “hold” rating to a “buy” rating and set a $931.83 target price on the stock in a research report on Monday, April 10th. Finally, Macquarie reiterated a “buy” rating and set a $995.00 price target on shares of Amazon.com in a report on Tuesday, April 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, forty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $1,065.61.
Shares of Amazon.com (AMZN) traded up 1.16% during mid-day trading on Friday, reaching $967.99. 3,468,017 shares of the company traded hands. The stock’s 50 day moving average is $998.12 and its 200 day moving average is $926.08. Amazon.com has a 52-week low of $710.10 and a 52-week high of $1,083.31. The stock has a market capitalization of $465.00 billion, a PE ratio of 246.18 and a beta of 1.48.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by $1.00. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The firm had revenue of $37.96 billion for the quarter, compared to analyst estimates of $37.18 billion. During the same period in the previous year, the company earned $1.78 earnings per share. Amazon.com’s revenue for the quarter was up 24.8% compared to the same quarter last year. On average, analysts anticipate that Amazon.com will post $3.83 earnings per share for the current year.
ILLEGAL ACTIVITY NOTICE: “Citigroup Inc. Reaffirms “Buy” Rating for Amazon.com, Inc. (NASDAQ:AMZN)” was first posted by BNB Daily and is the sole property of of BNB Daily. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this article can be viewed at https://www.baseball-news-blog.com/2017/08/12/amazon-coms-nasdaqamzn-buy-rating-reiterated-at-citigroup-inc-updated.html.
In other news, CEO Jeffrey A. Wilke sold 710 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $987.39, for a total transaction of $701,046.90. Following the transaction, the chief executive officer now 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 at this link. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $1,011.06, for a total value of $2,022,120.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $10,110,600. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,890 shares of company stock worth $10,800,023. Insiders own 17.70% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Global Financial Private Capital LLC purchased a new position in shares of Amazon.com during the second quarter valued at about $221,000. Veritable L.P. boosted its position in shares of Amazon.com by 5.4% in the second quarter. Veritable L.P. now owns 13,415 shares of the e-commerce giant’s stock valued at $12,986,000 after buying an additional 683 shares during the period. Waters Parkerson & CO. LLC boosted its position in shares of Amazon.com by 11.1% in the second quarter. Waters Parkerson & CO. LLC now owns 300 shares of the e-commerce giant’s stock valued at $290,000 after buying an additional 30 shares during the period. Evercore Wealth Management LLC boosted its position in shares of Amazon.com by 0.6% in the second quarter. Evercore Wealth Management LLC now owns 60,852 shares of the e-commerce giant’s stock valued at $58,905,000 after buying an additional 337 shares during the period. Finally, Ironwood Investment Counsel LLC boosted its position in shares of Amazon.com by 62.1% in the second quarter. Ironwood Investment Counsel LLC now owns 514 shares of the e-commerce giant’s stock valued at $498,000 after buying an additional 197 shares during the period. 62.17% of the stock is currently 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 North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
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.