Amazon.com (NASDAQ:AMZN) Earning Somewhat Positive News Coverage, Analysis Finds

News headlines about Amazon.com (NASDAQ:AMZN) have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than 6,000 news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Amazon.com earned a daily sentiment score of 0.57 on their scale. InfoTrie also assigned news stories about the e-commerce giant an news buzz score of 5 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the stock’s share price in the immediate future.

Here are some of the news articles that may have effected Amazon.com’s ranking:

Shares of Amazon.com stock traded up $9.93 during midday trading on Friday, hitting $2,011.00. 2,502,053 shares of the company were exchanged, compared to its average volume of 2,949,748. The firm has a 50 day simple moving average of $1,872.60. Amazon.com, Inc. has a 52 week low of $1,307.00 and a 52 week high of $2,050.50. The company has a market capitalization of $990.08 billion, a price-to-earnings ratio of 99.85, a P/E/G ratio of 2.28 and a beta of 1.57. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.83 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, April 25th. The e-commerce giant reported $7.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.61 by $2.48. Amazon.com had a return on equity of 28.91% and a net margin of 4.97%. The firm had revenue of $59.70 billion during the quarter, compared to analysts’ expectations of $59.73 billion. During the same period last year, the firm posted $3.27 EPS. The business’s revenue was up 17.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 26.55 earnings per share for the current year.

Several research analysts recently weighed in on the company. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Wells Fargo & Co set a $2,100.00 target price on Amazon.com and gave the stock a “buy” rating in a research report on Monday, March 18th. Raymond James set a $33.00 target price on LKQ and gave the stock a “buy” rating in a research report on Friday, April 26th. DA Davidson reaffirmed a “neutral” rating on shares of IDEX in a research report on Friday, April 26th. Finally, Societe Generale began coverage on Amazon.com in a research report on Monday, April 8th. They issued a “buy” rating and a $2,370.00 target price on the stock. Three analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company. Amazon.com has an average rating of “Buy” and an average target price of $2,196.39.

In other news, SVP David Zapolsky sold 880 shares of Amazon.com stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $1,834.59, for a total value of $1,614,439.20. Following the completion of the sale, the senior vice president now directly owns 3,902 shares of the company’s stock, valued at approximately $7,158,570.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 379 shares of Amazon.com stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $1,838.32, for a total value of $696,723.28. Following the completion of the sale, the vice president now directly owns 6,307 shares of the company’s stock, valued at $11,594,284.24. The disclosure for this sale can be found here. Insiders have sold a total of 18,993 shares of company stock valued at $36,698,207 over the last ninety days. Insiders own 16.10% of the company’s stock.

About Amazon.com

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 third-party sellers through physical stores and online stores.

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