A number of other brokerages have also recently commented on AMZN. Morgan Stanley reissued a buy rating on shares of Amazon.com in a research note on Tuesday, July 17th. Zacks Investment Research cut Amazon.com from a buy rating to a hold rating in a research note on Wednesday, June 27th. Morningstar reissued a buy rating on shares of Amazon.com in a research note on Thursday, October 11th. Barclays restated a buy rating and issued a $1,870.00 target price on shares of Amazon.com in a report on Friday, July 27th. Finally, Jefferies Financial Group restated a buy rating on shares of Amazon.com in a report on Monday, October 1st. Five analysts have rated the stock with a hold rating and forty-eight have given a buy rating to the stock. Amazon.com presently has a consensus rating of Buy and a consensus price target of $2,037.57.
Amazon.com stock traded down $130.23 during mid-day trading on Tuesday, reaching $1,651.94. The stock had a trading volume of 8,699,087 shares, compared to its average volume of 5,159,900. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.78 and a current ratio of 1.07. Amazon.com has a fifty-two week low of $966.24 and a fifty-two week high of $2,050.50. The stock has a market capitalization of $872.72 billion, a PE ratio of 363.06, a price-to-earnings-growth ratio of 3.73 and a beta of 1.58.
In related news, CEO Jeffrey A. Wilke sold 2,000 shares of Amazon.com stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $2,004.25, for a total transaction of $4,008,500.00. Following the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at $20,042,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 1,726 shares of Amazon.com stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $1,900.00, for a total value of $3,279,400.00. Following the sale, the chief executive officer now owns 88,801 shares in the company, valued at $168,721,900. The disclosure for this sale can be found here. Insiders have sold 25,308 shares of company stock worth $47,905,498 over the last quarter. 16.30% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of AMZN. HC Financial Advisors Inc. bought a new stake in shares of Amazon.com in the fourth quarter valued at $315,000. Wedbush Securities Inc. raised its stake in shares of Amazon.com by 6.6% in the first quarter. Wedbush Securities Inc. now owns 9,214 shares of the e-commerce giant’s stock valued at $13,336,000 after buying an additional 569 shares during the period. Pettee Investors Inc. bought a new stake in shares of Amazon.com in the first quarter valued at $278,000. Traynor Capital Management Inc. raised its stake in shares of Amazon.com by 9.9% in the first quarter. Traynor Capital Management Inc. now owns 13,968 shares of the e-commerce giant’s stock valued at $20,216,000 after buying an additional 1,262 shares during the period. Finally, Sage Capital Advisors llc raised its stake in shares of Amazon.com by 6.5% in the first quarter. Sage Capital Advisors llc now owns 2,285 shares of the e-commerce giant’s stock valued at $3,307,000 after buying an additional 140 shares during the period. Hedge funds and other institutional investors own 57.15% of the company’s stock.
Amazon.com Company Profile
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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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