Amazon.com, Inc. (NASDAQ:AMZN) Given Consensus Recommendation of “Buy” by Analysts

Amazon.com, Inc. (NASDAQ:AMZN) has been given an average recommendation of “Buy” by the fifty-four analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, forty-two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $3,270.09.

Several analysts have commented on the company. Cowen lifted their price target on Amazon.com from $2,750.00 to $3,700.00 and gave the company an “outperform” rating in a report on Monday, July 13th. Credit Suisse Group lifted their price target on Amazon.com from $3,400.00 to $3,680.00 and gave the company an “outperform” rating in a report on Friday. KeyCorp lifted their price target on Amazon.com from $3,285.00 to $3,500.00 and gave the company an “overweight” rating in a report on Friday. Robert W. Baird lifted their price target on Amazon.com from $3,000.00 to $3,500.00 in a report on Friday. Finally, Bank of America lifted their price target on Amazon.com from $3,000.00 to $3,280.00 and gave the company a “buy” rating in a report on Monday, July 27th.

Amazon.com stock opened at $3,164.68 on Tuesday. The stock has a market cap of $1,578.47 billion, a PE ratio of 121.67, a P/E/G ratio of 5.83 and a beta of 1.32. The stock has a 50-day moving average price of $2,884.55 and a 200 day moving average price of $2,314.52. Amazon.com has a 52 week low of $1,626.03 and a 52 week high of $3,344.29. The company has a current ratio of 1.08, a quick ratio of 0.84 and a debt-to-equity ratio of 0.36.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $10.30 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $8.56. The firm had revenue of $88.91 billion during the quarter, compared to analysts’ expectations of $81.56 billion. Amazon.com had a return on equity of 21.51% and a net margin of 4.10%. On average, equities analysts predict that Amazon.com will post 20.12 EPS for the current year.

In other news, CEO Andrew R. Jassy sold 6,945 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $2,256.50, for a total value of $15,671,392.50. Following the completion of the sale, the chief executive officer now directly owns 93,105 shares in the company, valued at approximately $210,091,432.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Patricia Q. Stonesifer sold 2,200 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $2,329.44, for a total value of $5,124,768.00. Following the completion of the sale, the director now owns 4,645 shares of the company’s stock, valued at $10,820,248.80. The disclosure for this sale can be found here. 16.10% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Woodstock Corp grew its stake in Amazon.com by 2.2% during the 2nd quarter. Woodstock Corp now owns 182 shares of the e-commerce giant’s stock worth $502,000 after buying an additional 4 shares during the last quarter. RVW Wealth LLC grew its stake in Amazon.com by 0.9% during the 2nd quarter. RVW Wealth LLC now owns 465 shares of the e-commerce giant’s stock worth $1,283,000 after buying an additional 4 shares during the last quarter. Indiana Trust & Investment Management CO grew its stake in Amazon.com by 1.0% during the 2nd quarter. Indiana Trust & Investment Management CO now owns 390 shares of the e-commerce giant’s stock worth $1,076,000 after buying an additional 4 shares during the last quarter. Peterson Wealth Advisors LLC grew its stake in Amazon.com by 1.7% during the 2nd quarter. Peterson Wealth Advisors LLC now owns 243 shares of the e-commerce giant’s stock worth $670,000 after buying an additional 4 shares during the last quarter. Finally, Wambolt & Associates LLC grew its stake in Amazon.com by 1.9% during the 2nd quarter. Wambolt & Associates LLC now owns 214 shares of the e-commerce giant’s stock worth $590,000 after buying an additional 4 shares during the last quarter. Hedge funds and other institutional investors own 64.54% of the company’s stock.

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 third-party sellers through physical stores and online stores.

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Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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