Today: The Amazon.com’s (AMZN) Buy Rating Reaffirmed at Deutsche Bank AG

The Amazon.com’s (AMZN) Buy Rating Reaffirmed at Deutsche Bank AG

Amazon.com Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank AG in a report issued on Wednesday. They presently have a $985.00 target price on the e-commerce giant’s stock. Deutsche Bank AG’s target price suggests a potential upside of 18.09% from the company’s current price.

AMZN has been the topic of several other research reports. Zacks Investment Research upgraded shares of Amazon.com from a “hold” rating to a “buy” rating and set a $774.00 target price on the stock in a report on Tuesday, June 28th. Jefferies Group reiterated a “buy” rating and issued a $865.00 price target on shares of Amazon.com in a report on Monday, June 27th. Morgan Stanley lifted their price target on shares of Amazon.com from $800.00 to $950.00 and gave the company an “overweight” rating in a report on Wednesday, October 5th. Royal Bank Of Canada cut their price target on shares of Amazon.com from $1,000.00 to $840.00 and set an “outperform” rating on the stock in a report on Friday, September 16th. Finally, Evercore ISI reiterated a “buy” rating on shares of Amazon.com in a report on Monday, July 18th. Five equities research analysts have rated the stock with a hold rating, forty-six have issued a buy rating and one has assigned a strong buy rating to the company. Amazon.com has an average rating of “Buy” and a consensus target price of $891.31.

Amazon.com (NASDAQ:AMZN) traded up 0.37% during mid-day trading on Wednesday, hitting $834.09. 2,373,729 shares of the stock traded hands. Amazon.com has a 52-week low of $474.00 and a 52-week high of $847.21. The firm has a market cap of $395.42 billion, a P/E ratio of 207.43 and a beta of 1.20. The firm’s 50-day moving average is $794.09 and its 200 day moving average is $723.14.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.67. Amazon.com had a net margin of 1.60% and a return on equity of 13.52%. The firm had revenue of $30.40 billion for the quarter, compared to analysts’ expectations of $29.54 billion. During the same quarter last year, the business earned $0.19 earnings per share. The business’s revenue was up 31.1% on a year-over-year basis. Equities analysts predict that Amazon.com will post $5.85 EPS for the current fiscal year.

In related news, CEO Andrew R. Jassy sold 2,305 shares of the business’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $769.75, for a total transaction of $1,774,273.75. Following the completion of the transaction, the chief executive officer now directly owns 84,446 shares of the company’s stock, valued at approximately $65,002,308.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the business’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $756.74, for a total value of $756,740,000.00. Following the transaction, the chief executive officer now directly owns 81,871,067 shares of the company’s stock, valued at $61,955,111,241.58. The disclosure for this sale can be found here. 17.70% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pathstone Family Office LLC boosted its position in Amazon.com by 92.1% in the second quarter. Pathstone Family Office LLC now owns 146 shares of the e-commerce giant’s stock valued at $105,000 after buying an additional 70 shares during the last quarter. Kistler Tiffany Companies LLC boosted its position in Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock valued at $108,000 after buying an additional 136 shares during the last quarter. Kings Point Capital Management bought a new position in Amazon.com during the second quarter valued at approximately $109,000. Krilogy Financial LLC boosted its position in Amazon.com by 157.1% in the second quarter. Krilogy Financial LLC now owns 198 shares of the e-commerce giant’s stock valued at $142,000 after buying an additional 121 shares during the last quarter. Finally, West Oak Capital LLC boosted its position in Amazon.com by 105.7% in the second quarter. West Oak Capital LLC now owns 216 shares of the e-commerce giant’s stock valued at $155,000 after buying an additional 111 shares during the last quarter. 65.44% of the stock is owned by hedge funds and other institutional investors.

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