Amazon.com (AMZN) Earns Buy Rating from JMP Securities

Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating reaffirmed by equities researchers at JMP Securities in a research note issued on Tuesday.

AMZN has been the topic of a number of other research reports. Royal Bank of Canada reaffirmed a “buy” rating on shares of Amazon.com in a research report on Monday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $2,525.00 target price on shares of Amazon.com in a research report on Friday, October 12th. BidaskClub downgraded Amazon.com from a “buy” rating to a “hold” rating in a research report on Friday, October 5th. SunTrust Banks lifted their target price on Amazon.com to $2,250.00 and gave the company a “buy” rating in a research report on Friday, October 26th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $2,185.00 target price on shares of Amazon.com in a research report on Friday, August 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and forty-seven have assigned a buy rating to the company. Amazon.com has an average rating of “Buy” and a consensus price target of $2,091.53.

NASDAQ:AMZN opened at $1,598.01 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.80 and a current ratio of 1.08. The stock has a market capitalization of $748.33 billion, a P/E ratio of 351.21, a P/E/G ratio of 2.95 and a beta of 1.58. Amazon.com has a 52-week low of $1,086.87 and a 52-week 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 analysts’ consensus estimates of $3.29 by $2.46. The business had revenue of $56.58 billion for the quarter, compared to the consensus estimate of $57.05 billion. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. On average, analysts anticipate that Amazon.com will post 19.19 earnings per share for the current year.

In other Amazon.com news, Director Tom A. Alberg sold 2,320 shares of the company’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $1,827.29, for a total transaction of $4,239,312.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Judith A. Mcgrath sold 500 shares of the company’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $1,905.00, for a total value of $952,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,272 shares of company stock valued at $66,675,598. Corporate insiders own 16.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMZN. Summit Trail Advisors LLC lifted its stake in Amazon.com by 180,406.1% during the first quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock worth $9,848,000 after purchasing an additional 9,842,959 shares during the last quarter. Cornerstone Wealth Management LLC lifted its stake in Amazon.com by 198,956.6% during the second quarter. Cornerstone Wealth Management LLC now owns 3,340,169 shares of the e-commerce giant’s stock worth $1,949,000 after purchasing an additional 3,338,491 shares during the last quarter. Private Advisor Group LLC lifted its stake in Amazon.com by 2,407.1% during the second quarter. Private Advisor Group LLC now owns 391,158 shares of the e-commerce giant’s stock worth $665,092,000 after purchasing an additional 375,556 shares during the last quarter. OppenheimerFunds Inc. lifted its stake in Amazon.com by 132.8% during the second quarter. OppenheimerFunds Inc. now owns 539,375 shares of the e-commerce giant’s stock worth $916,829,000 after purchasing an additional 307,692 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its stake in Amazon.com by 136,351.3% during the second quarter. Moneta Group Investment Advisors LLC now owns 260,622 shares of the e-commerce giant’s stock worth $677,000 after purchasing an additional 260,431 shares during the last quarter. Hedge funds and other institutional investors own 56.73% 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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Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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