Trading Report: The Amazon.com Inc. (AMZN) Coverage Initiated by Analysts at Jefferies Group

The Amazon.com Inc. (AMZN) Coverage Initiated by Analysts at Jefferies Group

Equities researchers at Jefferies Group began coverage on shares of Amazon.com Inc. (NASDAQ:AMZN) in a research note issued to investors on Monday. The firm set a “buy” rating on the e-commerce giant’s stock.

Several other equities research analysts have also recently commented on the company. Bank of America Corp. restated a “buy” rating and set a $860.00 price target on shares of Amazon.com in a research note on Monday, August 15th. KeyCorp restated an “overweight” rating and set a $847.00 price target on shares of Amazon.com in a research note on Sunday, August 21st. JPMorgan Chase & Co. set a $908.00 price target on Amazon.com and gave the stock a “buy” rating in a research note on Tuesday, July 12th. Piper Jaffray Cos. restated a “buy” rating and set a $800.00 price target on shares of Amazon.com in a research note on Friday, July 8th. Finally, Cowen and Company restated an “outperform” rating and set a $960.00 price target (up previously from $900.00) on shares of Amazon.com in a research note on Monday, September 26th. Five research analysts have rated the stock with a hold rating, forty-six have given a buy rating and one has assigned a strong buy rating to the stock. Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $897.87.

Amazon.com (NASDAQ:AMZN) traded down 1.21% during midday trading on Monday, reaching $812.97. 3,323,375 shares of the company were exchanged. Amazon.com has a 52-week low of $474.00 and a 52-week high of $847.21. The company has a 50 day moving average of $800.02 and a 200-day moving average of $726.41. The company has a market capitalization of $385.41 billion, a price-to-earnings ratio of 202.18 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.67. The business earned $30.40 billion during the quarter, compared to the consensus estimate of $29.54 billion. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. The company’s revenue was up 31.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.19 earnings per share. On average, equities research analysts anticipate that Amazon.com will post $5.85 earnings per share for the current fiscal year.

In related news, VP Shelley Reynolds sold 625 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $770.10, for a total transaction of $481,312.50. Following the completion of the transaction, the vice president now owns 6,519 shares in the company, valued at approximately $5,020,281.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 14,000 shares of the business’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $800.00, for a total value of $11,200,000.00. Following the transaction, the chief executive officer now owns 68,141 shares of the company’s stock, valued at approximately $54,512,800. The disclosure for this sale can be found here. Corporate insiders own 17.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pathstone Family Office LLC raised 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 worth $105,000 after buying an additional 70 shares in the last quarter. Kistler Tiffany Companies LLC raised 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 worth $108,000 after buying an additional 136 shares in the last quarter. Kings Point Capital Management bought a new position in Amazon.com during the second quarter worth about $109,000. Krilogy Financial LLC raised 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 worth $142,000 after buying an additional 121 shares in the last quarter. Finally, West Oak Capital LLC raised 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 worth $155,000 after buying an additional 111 shares in the last quarter. Institutional investors and hedge funds own 65.47% of the company’s stock.

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