Amazon.com’s (AMZN) “Buy” Rating Reaffirmed at JMP Securities

JMP Securities reissued their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a report released on Friday morning. JMP Securities currently has a $2,075.00 target price on the e-commerce giant’s stock.

AMZN has been the topic of several other research reports. BidaskClub cut shares of Amazon.com from a buy rating to a hold rating in a research report on Friday. Jefferies Financial Group restated a buy rating and set a $2,185.00 price objective on shares of Amazon.com in a research report on Friday, August 17th. Oppenheimer restated a buy rating on shares of Amazon.com in a research report on Friday, August 17th. ValuEngine upgraded shares of Amazon.com from a hold rating to a buy rating in a research report on Thursday, September 13th. Finally, Royal Bank of Canada restated a buy rating on shares of Amazon.com in a research report on Monday, July 30th. Four equities research analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the company. Amazon.com currently has a consensus rating of Buy and a consensus target price of $2,005.64.

Amazon.com stock opened at $1,889.65 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.78 and a current ratio of 1.07. The firm has a market cap of $976.95 billion, a PE ratio of 415.31, a P/E/G ratio of 4.17 and a beta of 1.58. Amazon.com has a fifty-two week low of $962.50 and a fifty-two week high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $2.58. The firm had revenue of $52.89 billion for the quarter, compared to analysts’ expectations of $53.37 billion. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. The business’s quarterly revenue was up 39.3% on a year-over-year basis. During the same quarter last year, the company posted $0.40 EPS. As a group, equities analysts forecast that Amazon.com will post 17.78 earnings per share for the current year.

In other Amazon.com news, CEO Andrew R. Jassy sold 1,726 shares of the firm’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $1,900.00, for a total value of $3,279,400.00. Following the sale, the chief executive officer now owns 88,801 shares of the company’s stock, valued at approximately $168,721,900. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the firm’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $1,981.72, for a total transaction of $3,963,440.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $19,817,200. The disclosure for this sale can be found here. In the last three months, insiders sold 25,308 shares of company stock worth $47,905,498. Insiders own 16.30% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in AMZN. HC Financial Advisors Inc. bought a new stake in shares of Amazon.com during the 4th quarter valued at about $315,000. Empirical Financial Services LLC boosted its stake in shares of Amazon.com by 120.0% during the 4th quarter. Empirical Financial Services LLC now owns 2,748 shares of the e-commerce giant’s stock valued at $3,214,000 after purchasing an additional 1,499 shares in the last quarter. Staley Capital Advisers Inc. boosted its stake in shares of Amazon.com by 217.6% during the 4th quarter. Staley Capital Advisers Inc. now owns 2,919 shares of the e-commerce giant’s stock valued at $3,414,000 after purchasing an additional 2,000 shares in the last quarter. Princeton Capital Management LLC bought a new stake in shares of Amazon.com during the 4th quarter valued at about $8,776,000. Finally, Institute for Wealth Management LLC. bought a new stake in shares of Amazon.com during the 4th quarter valued at about $5,715,000. 57.36% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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