Equities researchers at Rosenblatt Securities initiated coverage on shares of Amazon.com (NASDAQ:AMZN) in a research note issued to investors on Tuesday, Briefing.com reports. The brokerage set a “neutral” rating and a $3,000.00 price target on the e-commerce giant’s stock. Rosenblatt Securities’ target price points to a potential downside of 1.82% from the stock’s previous close.
Several other brokerages have also issued reports on AMZN. JPMorgan Chase & Co. increased their price target on shares of Amazon.com from $4,350.00 to $4,500.00 and gave the stock an “overweight” rating in a research note on Friday, February 4th. UBS Group raised their price objective on shares of Amazon.com from $4,550.00 to $4,625.00 and gave the company a “buy” rating in a research note on Friday, February 4th. Morgan Stanley raised their price objective on shares of Amazon.com from $4,000.00 to $4,200.00 and gave the company an “overweight” rating in a research note on Tuesday, January 11th. BNP Paribas started coverage on shares of Amazon.com in a research note on Tuesday, March 29th. They set an “underperform” rating and a $2,800.00 price objective for the company. Finally, MKM Partners raised their price objective on shares of Amazon.com from $4,000.00 to $4,100.00 and gave the company a “buy” rating in a research note on Friday, February 4th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and thirty-nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $4,101.53.
Shares of NASDAQ AMZN opened at $3,055.70 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 0.91 and a debt-to-equity ratio of 0.35. Amazon.com has a 12 month low of $2,671.45 and a 12 month high of $3,773.08. The firm has a market capitalization of $1.55 trillion, a PE ratio of 47.17, a price-to-earnings-growth ratio of 2.34 and a beta of 1.12. The firm has a fifty day simple moving average of $3,098.87 and a two-hundred day simple moving average of $3,250.12.
Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings results on Thursday, February 3rd. The e-commerce giant reported $27.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.89 by $23.86. The company had revenue of $137.41 billion during the quarter, compared to analyst estimates of $137.88 billion. Amazon.com had a net margin of 7.10% and a return on equity of 27.98%. During the same period last year, the business earned $14.09 EPS. On average, sell-side analysts predict that Amazon.com will post 52.22 earnings per share for the current year.
In other Amazon.com news, CEO Adam Selipsky sold 679 shares of Amazon.com stock in a transaction on Tuesday, February 15th. The shares were sold at an average price of $3,150.92, for a total value of $2,139,474.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP David Zapolsky sold 1,060 shares of the business’s stock in a transaction on Tuesday, February 15th. The stock was sold at an average price of $3,150.92, for a total transaction of $3,339,975.20. The disclosure for this sale can be found here. Insiders have sold 3,397 shares of company stock worth $10,641,586 in the last ninety days. Insiders own 14.00% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in AMZN. MFA Wealth Advisors LLC boosted its holdings in shares of Amazon.com by 295,683.2% during the 3rd quarter. MFA Wealth Advisors LLC now owns 5,714,531 shares of the e-commerce giant’s stock valued at $6,075,000 after purchasing an additional 5,712,599 shares during the last quarter. Norges Bank bought a new position in shares of Amazon.com during the 4th quarter valued at about $14,053,756,000. Castleview Partners LLC purchased a new stake in shares of Amazon.com during the 4th quarter valued at about $1,143,000. Fairfield Bush & CO. raised its position in shares of Amazon.com by 28,715.3% during the 4th quarter. Fairfield Bush & CO. now owns 1,336,741 shares of the e-commerce giant’s stock valued at $11,353,000 after buying an additional 1,332,102 shares in the last quarter. Finally, Fortis Advisors LLC raised its position in shares of Amazon.com by 339,079.1% during the 3rd quarter. Fortis Advisors LLC now owns 1,265,138 shares of the e-commerce giant’s stock valued at $2,572,000 after buying an additional 1,264,765 shares in the last quarter. 70.01% of the stock is owned by institutional investors and hedge funds.
About Amazon.com (Get Rating)
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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
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