Amazon.com (AMZN) Downgraded to “Hold” at BidaskClub

BidaskClub lowered shares of Amazon.com (NASDAQ:AMZN) from a buy rating to a hold rating in a research note released on Tuesday morning, BidAskClub reports.

AMZN has been the subject of a number of other reports. Zacks Investment Research downgraded Amazon.com from a buy rating to a hold rating in a report on Monday, January 28th. Wedbush reaffirmed an outperform rating and set a $2,100.00 price target (up previously from $2,000.00) on shares of Amazon.com in a research report on Friday, February 1st. They noted that the move was a valuation call. Pivotal Research assumed coverage on shares of Amazon.com in a research report on Friday, February 1st. They set a buy rating and a $1,920.00 price target on the stock. JPMorgan Chase & Co. reaffirmed a buy rating on shares of Amazon.com in a research report on Monday, April 29th. Finally, BMO Capital Markets upped their price target on shares of Amazon.com from $2,250.00 to $2,300.00 and gave the company an outperform rating in a research report on Wednesday, January 30th. Five research analysts have rated the stock with a hold rating and forty-three have issued a buy rating to the company. Amazon.com currently has a consensus rating of Buy and an average price target of $2,181.89.

Shares of NASDAQ:AMZN opened at $1,840.12 on Tuesday. The firm has a market cap of $897.36 billion, a PE ratio of 91.37, a P/E/G ratio of 2.07 and a beta of 1.62. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.09 and a quick ratio of 0.83. Amazon.com has a 52-week low of $1,307.00 and a 52-week high of $2,050.50.



Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, April 25th. The e-commerce giant reported $7.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.61 by $2.48. The company had revenue of $59.70 billion during the quarter, compared to the consensus estimate of $59.73 billion. Amazon.com had a net margin of 4.97% and a return on equity of 28.91%. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the prior year, the business earned $3.27 earnings per share. On average, sell-side analysts anticipate that Amazon.com will post 26.59 EPS for the current year.

In other Amazon.com news, Director Patricia Q. Stonesifer sold 1,375 shares of the stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $1,602.00, for a total value of $2,202,750.00. Following the completion of the sale, the director now owns 7,861 shares in the company, valued at approximately $12,593,322. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jeffrey A. Wilke sold 2,500 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $1,934.42, for a total transaction of $4,836,050.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $19,344,200. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,075 shares of company stock valued at $21,454,483. Company insiders own 16.10% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. HC Financial Advisors Inc. increased its stake in shares of Amazon.com by 22.6% during the 3rd quarter. HC Financial Advisors Inc. now owns 315 shares of the e-commerce giant’s stock worth $631,000 after purchasing an additional 58 shares during the last quarter. Truvestments Capital LLC boosted its holdings in Amazon.com by 35.2% in the 3rd quarter. Truvestments Capital LLC now owns 2,012 shares of the e-commerce giant’s stock worth $4,030,000 after buying an additional 524 shares during the period. Leavell Investment Management Inc. boosted its holdings in Amazon.com by 9.7% in the 3rd quarter. Leavell Investment Management Inc. now owns 789 shares of the e-commerce giant’s stock worth $1,580,000 after buying an additional 70 shares during the period. UMB Bank N A MO boosted its holdings in Amazon.com by 3.1% in the 3rd quarter. UMB Bank N A MO now owns 27,007 shares of the e-commerce giant’s stock worth $54,095,000 after buying an additional 824 shares during the period. Finally, Highland Associates Inc. bought a new position in Amazon.com in the 3rd quarter worth approximately $18,462,000. Hedge funds and other institutional investors own 56.06% 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 third-party sellers through physical stores and online stores.

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Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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