Amazon.com Inc. (NASDAQ:AMZN) was downgraded by analysts at TheStreet from a “buy” rating to a “hold” rating in a research note issued on Tuesday.
AMZN has been the topic of a number of other reports. Morgan Stanley increased their price objective on 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 lowered their target price on Amazon.com from $1,000.00 to $840.00 and set an “outperform” rating on the stock in a research note on Friday, September 16th. Cowen and Company restated an “outperform” rating and issued a $960.00 target price on shares of Amazon.com in a research note on Wednesday, October 12th. Evercore ISI restated a “buy” rating on shares of Amazon.com in a research note on Monday, July 18th. Finally, Vetr upgraded Amazon.com from a “hold” rating to a “buy” rating and set a $768.81 target price on the stock in a research note on Monday, July 18th. Six research analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $912.64.
Shares of Amazon.com (NASDAQ:AMZN) traded up 0.03% during mid-day trading on Tuesday, reaching $780.37. The company had a trading volume of 1,837,068 shares. The stock has a 50 day moving average of $791.62 and a 200-day moving average of $760.15. The company has a market capitalization of $370.81 billion, a price-to-earnings ratio of 178.78 and a beta of 1.51. Amazon.com has a 52 week low of $474.00 and a 52 week high of $847.21.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by $0.28. The firm earned $32.71 billion during the quarter, compared to analyst estimates of $32.69 billion. Amazon.com had a net margin of 1.64% and a return on equity of 13.47%. The firm’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.17 earnings per share. On average, analysts expect that Amazon.com will post $4.77 earnings per share for the current fiscal year.
In related news, CEO Andrew R. Jassy sold 14,000 shares of the stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $800.00, for a total value of $11,200,000.00. Following the completion of the sale, the chief executive officer now directly owns 68,141 shares in the company, valued at approximately $54,512,800. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 17.70% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the stock. Ironwood Investment Counsel LLC purchased a new position in Amazon.com during the first quarter worth $203,000. Simmons Bank purchased a new position in Amazon.com during the first quarter worth $2,973,000. University of Notre Dame DU Lac boosted its position in Amazon.com by 215.7% in the first quarter. University of Notre Dame DU Lac now owns 5,073 shares of the e-commerce giant’s stock worth $3,012,000 after buying an additional 3,466 shares during the last quarter. Geode Capital Management LLC boosted its position in Amazon.com by 2.7% in the first quarter. Geode Capital Management LLC now owns 3,296,671 shares of the e-commerce giant’s stock worth $1,953,245,000 after buying an additional 88,130 shares during the last quarter. Finally, Kimelman & Baird LLC boosted its position in Amazon.com by 49.6% in the first quarter. Kimelman & Baird LLC now owns 29,124 shares of the e-commerce giant’s stock worth $17,289,000 after buying an additional 9,658 shares during the last quarter. 65.50% of the stock is owned by institutional investors.