Trade Report: Today, Cantor Fitzgerald Reaffirms “Buy” Rating for Amazon.com Inc. (AMZN)

Today, Cantor Fitzgerald Reaffirms “Buy” Rating for Amazon.com Inc. (AMZN)

Cantor Fitzgerald reiterated their buy rating on shares of Amazon.com Inc. (NASDAQ:AMZN) in a report issued on Wednesday. The brokerage currently has a $1,000.00 price target on the e-commerce giant’s stock, up from their prior price target of $835.00.

Other equities analysts have also recently issued research reports about the company. JMP Securities reissued a buy rating and issued a $775.00 price objective on shares of Amazon.com in a report on Saturday, July 9th. Deutsche Bank AG reissued a buy rating and issued a $900.00 price objective on shares of Amazon.com in a report on Sunday, July 10th. Bank of America Corp. reissued a buy rating and issued a $840.00 price objective on shares of Amazon.com in a report on Sunday, July 17th. RBC Capital Markets set a $840.00 price objective on Amazon.com and gave the company a buy rating in a report on Friday, July 29th. Finally, Vetr raised Amazon.com from a hold rating to a buy rating and set a $744.13 price objective for the company in a report on Monday, June 20th. Five research analysts have rated the stock with a hold rating, forty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Amazon.com currently has an average rating of Buy and a consensus target price of $897.87.

Amazon.com (NASDAQ:AMZN) opened at 822.96 on Wednesday. Amazon.com has a 52 week low of $474.00 and a 52 week high of $847.21. The company has a market capitalization of $390.14 billion, a price-to-earnings ratio of 204.67 and a beta of 1.19. The company’s 50-day moving average price is $800.02 and its 200-day moving average price is $726.41.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share (EPS) 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 analysts’ expectations 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 for the quarter was up 31.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.19 EPS. Equities analysts forecast that Amazon.com will post $5.85 earnings per share for the current fiscal year.

In other Amazon.com news, CEO Andrew R. Jassy sold 14,000 shares of the business’s stock in a transaction 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 in the company, valued at approximately $54,512,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shelley Reynolds sold 625 shares of the business’s stock in a transaction 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 disclosure for this sale can be found here. Corporate insiders own 17.70% of the company’s stock.

A number of institutional investors have recently modified their holdings of AMZN. Middleton & Co Inc MA raised its position in shares of Amazon.com by 7.2% in the first quarter. Middleton & Co Inc MA now owns 21,474 shares of the e-commerce giant’s stock worth $12,748,000 after buying an additional 1,436 shares in the last quarter. Bowling Portfolio Management LLC raised its position in shares of Amazon.com by 66.0% in the first quarter. Bowling Portfolio Management LLC now owns 6,417 shares of the e-commerce giant’s stock worth $3,809,000 after buying an additional 2,552 shares in the last quarter. Pacad Investment Ltd. raised its position in shares of Amazon.com by 15.2% in the first quarter. Pacad Investment Ltd. now owns 35,900 shares of the e-commerce giant’s stock worth $21,312,000 after buying an additional 4,736 shares in the last quarter. WASHINGTON TRUST Co raised its position in shares of Amazon.com by 5.6% in the first quarter. WASHINGTON TRUST Co now owns 45,202 shares of the e-commerce giant’s stock worth $26,834,000 after buying an additional 2,397 shares in the last quarter. Finally, First Long Island Investors LLC raised its position in shares of Amazon.com by 1.2% in the first quarter. First Long Island Investors LLC now owns 31,367 shares of the e-commerce giant’s stock worth $18,621,000 after buying an additional 371 shares in the last quarter. Hedge funds and other institutional investors own 65.47% of the company’s stock.

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