Several other equities research analysts have also weighed in on AMZN. Macquarie restated a buy rating on shares of Amazon.com in a research report on Friday, June 22nd. JMP Securities restated a buy rating on shares of Amazon.com in a research report on Thursday, June 21st. Piper Jaffray Companies reiterated an overweight rating on shares of Amazon.com in a research note on Friday. BidaskClub cut Amazon.com from a strong-buy rating to a buy rating in a research note on Tuesday, June 26th. Finally, Zacks Investment Research upgraded Amazon.com from a hold rating to a buy rating and set a $1,993.00 price objective for the company in a research note on Tuesday, July 31st. Four equities research analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $2,008.73.
Shares of NASDAQ AMZN traded down $6.69 during mid-day trading on Friday, hitting $1,764.03. 5,851,190 shares of the stock traded hands, compared to its average volume of 6,326,956. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. Amazon.com has a 52 week low of $962.50 and a 52 week high of $2,050.50. The firm has a market capitalization of $863.65 billion, a PE ratio of 387.70, a P/E/G ratio of 3.69 and a beta of 1.58.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results 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. Amazon.com had a return on equity of 18.47% and a net margin of 3.02%. The company had revenue of $52.89 billion for the quarter, compared to analyst estimates of $53.37 billion. During the same period in the previous year, the company posted $0.40 earnings per share. The firm’s revenue was up 39.3% on a year-over-year basis. On average, research analysts anticipate that Amazon.com will post 17.79 earnings per share for the current year.
In related news, Director Thomas O. Ryder sold 5,000 shares of Amazon.com stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $1,783.81, for a total value of $8,919,050.00. Following the completion of the sale, the director now owns 10,752 shares of the company’s stock, valued at $19,179,525.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Judith A. Mcgrath sold 500 shares of Amazon.com stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $1,905.00, for a total value of $952,500.00. The disclosure for this sale can be found here. Insiders sold 25,308 shares of company stock valued at $47,905,498 in the last ninety days. 16.30% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its holdings in Amazon.com by 0.7% during the second quarter. BlackRock Inc. now owns 25,402,494 shares of the e-commerce giant’s stock valued at $43,179,159,000 after purchasing an additional 167,739 shares during the period. FMR LLC grew its holdings in Amazon.com by 0.7% during the second quarter. FMR LLC now owns 17,245,226 shares of the e-commerce giant’s stock valued at $29,313,435,000 after purchasing an additional 121,401 shares during the period. Summit Trail Advisors LLC grew its holdings in Amazon.com by 180,406.1% during the first quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock valued at $9,848,000 after purchasing an additional 9,842,959 shares during the period. Northern Trust Corp grew its holdings in Amazon.com by 1.1% during the second quarter. Northern Trust Corp now owns 4,676,441 shares of the e-commerce giant’s stock valued at $7,949,013,000 after purchasing an additional 50,552 shares during the period. Finally, Morgan Stanley grew its holdings in Amazon.com by 1.8% during the second quarter. Morgan Stanley now owns 4,637,654 shares of the e-commerce giant’s stock valued at $7,883,083,000 after purchasing an additional 81,024 shares during the period. 57.31% of the stock is owned by 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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