Vetr upgraded shares of Amazon.com, Inc. (NASDAQ:AMZN) from a hold rating to a buy rating in a report issued on Monday morning. Vetr currently has $931.83 price target on the e-commerce giant’s stock.
Other research analysts have also recently issued research reports about the company. Instinet lowered their price objective on Amazon.com to $925.00 in a research report on Friday, February 3rd. TheStreet raised Amazon.com from a c+ rating to a b- rating in a report on Wednesday, February 8th. Canaccord Genuity reissued a buy rating and set a $875.00 target price on shares of Amazon.com in a report on Wednesday, December 21st. Bank of America Corp reissued a buy rating and set a $1,125.00 target price (up from $960.00) on shares of Amazon.com in a report on Friday, December 16th. Finally, Cantor Fitzgerald reissued a buy rating on shares of Amazon.com in a report on Wednesday, December 28th. Four analysts have rated the stock with a hold rating and forty-eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $954.83.
Amazon.com (NASDAQ:AMZN) opened at 884.67 on Monday. Amazon.com has a 52-week low of $599.20 and a 52-week high of $923.72. The stock has a 50 day moving average of $864.71 and a 200-day moving average of $814.76. The company has a market cap of $422.14 billion, a price-to-earnings ratio of 180.54 and a beta of 1.40.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.19. The firm had revenue of $43.74 billion for the quarter, compared to analysts’ expectations of $44.66 billion. Amazon.com had a return on equity of 13.87% and a net margin of 1.74%. The company’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.00 EPS. On average, analysts forecast that Amazon.com will post $7.23 EPS for the current year.
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In related news, Director Tom A. Alberg sold 590 shares of the business’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total transaction of $501,500.00. Following the sale, the director now directly owns 22,525 shares in the company, valued at approximately $19,146,250. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David Zapolsky sold 503 shares of the business’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $850.00, for a total value of $427,550.00. Following the sale, the insider now owns 2,523 shares in the company, valued at $2,144,550. The disclosure for this sale can be found here. Insiders own 17.70% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Advisor Consultant Network Inc. bought a new stake in Amazon.com during the third quarter worth about $391,000. St. Johns Investment Management Company LLC raised its stake in Amazon.com by 1,602.9% in the third quarter. St. Johns Investment Management Company LLC now owns 596 shares of the e-commerce giant’s stock worth $499,000 after buying an additional 561 shares during the last quarter. Koshinski Asset Management Inc. raised its stake in Amazon.com by 19.2% in the third quarter. Koshinski Asset Management Inc. now owns 639 shares of the e-commerce giant’s stock worth $535,000 after buying an additional 103 shares during the last quarter. Gemmer Asset Management LLC raised its stake in Amazon.com by 4.3% in the third quarter. Gemmer Asset Management LLC now owns 318 shares of the e-commerce giant’s stock worth $266,000 after buying an additional 13 shares during the last quarter. Finally, Putnam FL Investment Management Co. bought a new stake in Amazon.com during the third quarter worth about $2,831,000. Institutional investors own 65.08% of the company’s stock.
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.
To view Vetr’s full report, visit Vetr’s official website.
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