Amazon.com (NASDAQ:AMZN) Upgraded by BidaskClub to “Hold”

BidaskClub upgraded shares of Amazon.com (NASDAQ:AMZN) from a sell rating to a hold rating in a report issued on Tuesday, BidAskClub reports.

AMZN has been the subject of several other reports. Cowen reissued an outperform rating and issued a $2,650.00 price target (up from $2,400.00) on shares of Amazon.com in a research note on Friday, January 31st. Telsey Advisory Group boosted their price target on shares of Amazon.com from $2,200.00 to $2,350.00 and gave the stock an outperform rating in a research note on Friday, January 31st. Raymond James reissued an outperform rating and issued a $2,400.00 price target (up from $2,020.00) on shares of Amazon.com in a research note on Friday, January 31st. ValuEngine raised shares of Amazon.com from a hold rating to a buy rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley boosted their price target on shares of Amazon.com from $2,200.00 to $2,400.00 and gave the stock an overweight rating in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $2,319.76.

Amazon.com stock opened at $2,134.87 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 1.10 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $1,062.76 billion, a PE ratio of 92.78, a P/E/G ratio of 2.87 and a beta of 1.58. The firm has a fifty day simple moving average of $1,928.31 and a two-hundred day simple moving average of $1,817.96. Amazon.com has a twelve month low of $1,586.57 and a twelve month high of $2,185.95.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, January 30th. The e-commerce giant reported $6.47 earnings per share for the quarter, topping the consensus estimate of $3.98 by $2.49. The business had revenue of $87.44 billion during the quarter, compared to the consensus estimate of $86.09 billion. Amazon.com had a net margin of 4.13% and a return on equity of 21.07%. The firm’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same period in the previous year, the firm posted $6.04 earnings per share. As a group, equities analysts expect that Amazon.com will post 27.57 earnings per share for the current fiscal year.

In related news, CEO Jeffrey A. Wilke sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $1,748.04, for a total transaction of $1,748,040.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $17,480,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey A. Wilke sold 200 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $1,865.34, for a total transaction of $373,068.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $18,653,400. The disclosure for this sale can be found here. Insiders have sold 716,969 shares of company stock worth $1,465,051,075 in the last quarter. 16.10% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Caxton Associates LP purchased a new stake in Amazon.com in the fourth quarter worth about $9,239,000. Advisors Asset Management Inc. lifted its stake in shares of Amazon.com by 1.9% in the fourth quarter. Advisors Asset Management Inc. now owns 69,234 shares of the e-commerce giant’s stock worth $127,640,000 after buying an additional 1,271 shares in the last quarter. Altavista Wealth Management Inc. lifted its stake in shares of Amazon.com by 0.9% in the fourth quarter. Altavista Wealth Management Inc. now owns 2,689 shares of the e-commerce giant’s stock worth $4,968,000 after buying an additional 25 shares in the last quarter. Captrust Financial Advisors lifted its stake in shares of Amazon.com by 415.9% in the fourth quarter. Captrust Financial Advisors now owns 37,421 shares of the e-commerce giant’s stock worth $71,025,000 after buying an additional 30,168 shares in the last quarter. Finally, Bluefin Trading LLC lifted its stake in shares of Amazon.com by 3,308.6% in the fourth quarter. Bluefin Trading LLC now owns 11,044 shares of the e-commerce giant’s stock worth $20,408,000 after buying an additional 10,720 shares in the last quarter. Institutional investors and hedge funds own 56.42% 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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Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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