Posted by Daniel Jordon on Jan 17th, 2017 // No Comments
Shares of Amazon.com, Inc. (NASDAQ:AMZN) have received a consensus recommendation of “Buy” from the fifty analysts that are  covering the stock. One research analyst  has rated the stock with a sell recommendation, five have assigned  a hold recommendation, forty-three have given a buy recommendation and one  has assigned  a strong buy recommendation to  the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $930.47.
AMZN has been the topic of several recent analyst reports. Robert W. Baird  restated an “outperform” rating on shares of Amazon.com in a research report on Tuesday, October 18th. Wedbush  restated an “outperform” rating and set a $900.00 target price on shares of Amazon.com in a research report on Friday, September 30th. Evercore ISI  restated a “buy” rating and set a $990.00 target price on shares of Amazon.com in a research report on Monday, November 28th. Cantor Fitzgerald  restated a “buy” rating and set a $1,000.00 target price on shares of Amazon.com in a research report on Saturday, December 10th. Finally, BMO Capital Markets  restated an “outperform” rating on shares of Amazon.com in a research report on Friday, December 16th.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 4,890 shares of the business’s stock in a transaction on Friday, December 9th. The shares were sold at an average price of $767.15, for a total value of $3,751,363.50. Following the sale, the chief executive officer now owns 58,139 shares of the company’s stock, valued at approximately $44,601,333.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link . 17.70% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in AMZN. The Manufacturers Life Insurance Company  acquired a new stake in shares of  Amazon.com during the third quarter valued at about $1,224,285,000.  Vanguard Group Inc. raised its stake in shares of  Amazon.com by 4.8% in the second quarter. Vanguard Group Inc. now owns 23,795,875 shares of the e-commerce giant’s stock valued at $17,028,804,000 after buying an additional 1,082,051 shares during the period.  Bank of Montreal Can purchased a new stake in  Amazon.com during the second quarter valued at $341,933,000.  Point72 Asset Management L.P. raised its stake in  Amazon.com by 224.2% in the second quarter. Point72 Asset Management L.P. now owns 666,620 shares of the e-commerce giant’s stock valued at $477,047,000 after buying an additional 461,020 shares during the last quarter.  Finally, Artisan Partners Limited Partnership raised its stake in  Amazon.com by 1,160.3% in the second quarter. Artisan Partners Limited Partnership now owns 438,613 shares of the e-commerce giant’s stock valued at $313,880,000 after buying an additional 403,811 shares during the last quarter. 64.48% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Amazon.com ( NASDAQ:AMZN ) opened at 817.14 on Thursday. Amazon.com has a one year low of $474.00 and a one year high of $847.21. The stock’s 50 day moving average price is $766.15 and its 200 day moving average price is $770.70. The stock has a market cap of $388.28 billion, a price-to-earnings ratio of 187.20 and a beta of 1.42.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 27th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.80 by $0.28. Amazon.com had a return on equity of 13.47% and a net margin of 1.64%. The company had revenue of $32.71 billion for the quarter, compared to analyst estimates of $32.69 billion. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 29.0% compared to the same quarter last year.  Analysts forecast that  Amazon.com will post $4.76 earnings per share for the current year.
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About Amazon.com
Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).
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