UBS AG reaffirmed their buy rating on shares of Amazon.com, Inc. (NASDAQ:AMZN) in a report released on Monday, July 17th, 99wallstreet.com reports. The brokerage currently has a $1,200.00 price objective on the e-commerce giant’s stock, up from their previous price objective of $1,100.00.
Several other research analysts have also issued reports on the stock. Robert W. Baird raised shares of Amazon.com from an outperform rating to a neutral rating in a research note on Monday, May 15th. Barclays PLC started coverage on shares of Amazon.com in a research note on Tuesday, March 28th. They issued an overweight rating and a $1,120.00 target price on the stock. Royal Bank Of Canada reduced their target price on shares of Amazon.com from $1,100.00 to $900.00 and set an outperform rating on the stock in a research note on Monday, May 1st. Vetr upgraded shares of Amazon.com from a buy rating to a strong-buy rating and set a $1,095.08 price target on the stock in a research report on Monday, July 3rd. Finally, BMO Capital Markets reiterated an outperform rating and issued a $1,200.00 price target (up from $900.00) on shares of Amazon.com in a research report on Tuesday, April 4th. One 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 issued a strong buy rating to the stock. Amazon.com has a consensus rating of Buy and an average target price of $1,065.61.
Shares of Amazon.com (NASDAQ:AMZN) traded up 1.16% during trading on Monday, hitting $967.99. 3,468,017 shares of the company were exchanged. The stock has a market cap of $465.00 billion, a P/E ratio of 246.18 and a beta of 1.48. The company’s 50-day moving average price is $998.12 and its 200 day moving average price is $926.08. Amazon.com has a 12 month low of $710.10 and a 12 month high of $1,083.31.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by $1.00. The company 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 revenue was up 24.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.78 EPS. On average, equities analysts predict that Amazon.com will post $3.83 earnings per share for the current fiscal year.
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In other Amazon.com news, CEO Jeffrey A. Wilke sold 4,000 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $969.73, for a total transaction of $3,878,920.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $9,697,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $10,110,600. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,890 shares of company stock valued at $10,800,023. 17.70% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in AMZN. Norges Bank bought a new stake in Amazon.com during the fourth quarter valued at about $2,736,365,000. Harbour Capital Advisors LLC raised its stake in Amazon.com by 100,947.5% in the second quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock valued at $2,379,000 after buying an additional 2,300,593 shares in the last quarter. Vanguard Group Inc. raised its position in Amazon.com by 2.9% in the second quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock worth $26,003,758,000 after buying an additional 764,115 shares during the period. BlackRock Inc. raised its position in Amazon.com by 2.4% in the second quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock worth $23,160,193,000 after buying an additional 554,990 shares during the period. Finally, Ruane Cunniff & Goldfarb Inc. acquired a new position in Amazon.com during the fourth quarter worth $335,571,000. 62.17% of the stock is owned by institutional investors and hedge funds.
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.
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