Amazon.com (NASDAQ:AMZN) had its price objective trimmed by Oppenheimer from $2,020.00 to $1,975.00 in a research note released on Monday, February 4th, The Fly reports. The firm currently has an outperform rating on the e-commerce giant’s stock. Oppenheimer also issued estimates for Amazon.com’s Q1 2019 earnings at $4.60 EPS, Q2 2019 earnings at $7.77 EPS, Q3 2019 earnings at $7.86 EPS and Q4 2019 earnings at $8.47 EPS.
Other research analysts have also recently issued research reports about the company. BidaskClub cut Amazon.com from a hold rating to a sell rating in a research report on Wednesday, October 31st. Morningstar restated a buy rating on shares of Amazon.com in a research report on Thursday, October 11th. Royal Bank of Canada reaffirmed a buy rating on shares of Amazon.com in a research note on Friday, January 25th. Stifel Nicolaus reaffirmed a buy rating and set a $2,300.00 price objective (down previously from $2,400.00) on shares of Amazon.com in a research note on Friday, February 1st. Finally, Benchmark decreased their price target on Amazon.com from $2,100.00 to $2,000.00 and set a buy rating on the stock in a research note on Wednesday, January 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and forty-four have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $2,107.33.
Shares of Amazon.com stock traded up $31.90 during trading hours on Monday, hitting $1,671.73. 4,661,441 shares of the company were exchanged, compared to its average volume of 4,845,877. The stock has a market capitalization of $801.43 billion, a PE ratio of 83.01, a price-to-earnings-growth ratio of 2.29 and a beta of 1.62. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.10 and a quick ratio of 0.85. Amazon.com has a 1 year low of $1,307.00 and a 1 year high of $2,050.50.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, January 31st. The e-commerce giant reported $6.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.55 by $0.49. The firm had revenue of $72.38 billion during the quarter, compared to analysts’ expectations of $71.73 billion. Amazon.com had a return on equity of 27.02% and a net margin of 4.33%. During the same quarter in the prior year, the business posted $2.16 earnings per share. As a group, equities research analysts anticipate that Amazon.com will post 26.75 EPS for the current year.
In other news, Director Patricia Q. Stonesifer sold 1,375 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $1,602.00, for a total value of $2,202,750.00. Following the completion of the transaction, the director now owns 7,861 shares in the company, valued at approximately $12,593,322. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Jeffrey M. Blackburn sold 2,055 shares of the business’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $1,616.34, for a total value of $3,321,578.70. Following the transaction, the senior vice president now owns 46,596 shares of the company’s stock, valued at approximately $75,314,978.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,075 shares of company stock valued at $8,180,428. Insiders own 16.30% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in AMZN. Signet Investment Advisory Group Inc. acquired a new stake in shares of Amazon.com during the fourth quarter worth $33,000. ERTS Wealth Advisors LLC purchased a new position in shares of Amazon.com during the fourth quarter valued at $35,000. Phocas Financial Corp. purchased a new position in shares of Amazon.com during the fourth quarter valued at $35,000. Spence Asset Management grew its holdings in shares of Amazon.com by 127.3% during the fourth quarter. Spence Asset Management now owns 25 shares of the e-commerce giant’s stock valued at $38,000 after buying an additional 14 shares in the last quarter. Finally, Financial Advantage Inc. purchased a new position in shares of Amazon.com during the fourth quarter valued at $45,000. Institutional investors and hedge funds own 55.70% of the company’s stock.
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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