Amazon.com’s (AMZN) “Overweight” Rating Reaffirmed at Morgan Stanley

Morgan Stanley reiterated their overweight rating on shares of Amazon.com (NASDAQ:AMZN) in a research report sent to investors on Friday, The Fly reports. The firm currently has a $2,400.00 price target on the e-commerce giant’s stock.

AMZN has been the topic of a number of other reports. Wedbush set a $2,100.00 target price on shares of Amazon.com and gave the company a buy rating in a report on Tuesday. UBS Group restated a buy rating on shares of Amazon.com in a report on Friday. Piper Jaffray Companies restated an overweight rating and issued a $2,100.00 target price (up from $2,075.00) on shares of Amazon.com in a report on Friday, July 27th. Macquarie restated a buy rating on shares of Amazon.com in a report on Wednesday, August 15th. Finally, Jefferies Financial Group restated a buy rating on shares of Amazon.com in a report on Thursday, August 23rd. Five investment analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $2,045.71.

NASDAQ:AMZN traded down $139.36 on Friday, reaching $1,642.81. The stock had a trading volume of 14,939,607 shares, compared to its average volume of 6,831,677. The firm has a market cap of $869.24 billion, a price-to-earnings ratio of 109.67, a price-to-earnings-growth ratio of 3.72 and a beta of 1.58. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.70. Amazon.com has a 12-month low of $1,050.55 and a 12-month high of $2,050.50.



Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.29 by $2.46. The company had revenue of $56.58 billion for the quarter, compared to analyst estimates of $57.05 billion. Amazon.com had a net margin of 4.03% and a return on equity of 25.85%. On average, equities research analysts forecast that Amazon.com will post 17.75 earnings per share for the current fiscal year.

In related news, insider Jeffrey M. Blackburn sold 4,108 shares of the stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $1,952.10, for a total transaction of $8,019,226.80. Following the completion of the sale, the insider now owns 42,874 shares of the company’s stock, valued at approximately $83,694,335.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $1,981.72, for a total transaction of $3,963,440.00. Following the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $19,817,200. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,308 shares of company stock valued at $47,905,498. Corporate insiders own 16.30% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Guidant Wealth Advisors grew its position in Amazon.com by 657.4% in the second quarter. Guidant Wealth Advisors now owns 409 shares of the e-commerce giant’s stock valued at $100,000 after acquiring an additional 355 shares in the last quarter. Spirit of America Management Corp NY acquired a new stake in Amazon.com in the third quarter valued at approximately $110,000. Lee Financial Co grew its position in Amazon.com by 154.3% in the first quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock valued at $129,000 after acquiring an additional 54 shares in the last quarter. Point72 Asia Hong Kong Ltd acquired a new stake in Amazon.com in the first quarter valued at approximately $145,000. Finally, Taylor Hoffman Wealth Management grew its position in Amazon.com by 192.3% in the third quarter. Taylor Hoffman Wealth Management now owns 76 shares of the e-commerce giant’s stock valued at $152,000 after acquiring an additional 50 shares in the last quarter. 57.15% of the stock is owned by hedge funds and other institutional investors.

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 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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The Fly

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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