Today, Amazon.com’s (AMZN) “Buy” Rating Reaffirm at Evercore ISI

Today, Amazon.com’s (AMZN) “Buy” Rating Reaffirm at Evercore ISI

Evercore ISI restated their buy rating on shares of Amazon.com Inc. (NASDAQ:AMZN) in a report issued on Monday. Evercore ISI currently has a $990.00 price objective on the e-commerce giant’s stock.

A number of other research firms also recently issued reports on AMZN. Robert W. Baird reaffirmed an outperform rating on shares of Amazon.com in a report on Tuesday, October 18th. Wedbush reissued an outperform rating and issued a $900.00 price target on shares of Amazon.com in a report on Friday, September 30th. Piper Jaffray Cos. reissued a buy rating and issued a $800.00 price target on shares of Amazon.com in a report on Sunday, July 31st. MKM Partners boosted their price target on shares of Amazon.com from $850.00 to $995.00 and gave the stock a buy rating in a report on Tuesday, August 2nd. Finally, Cowen and Company reissued an outperform rating and issued a $960.00 price target (up from $900.00) on shares of Amazon.com in a report on Monday, September 26th. Six analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $911.75.

Amazon.com (NASDAQ:AMZN) opened at 766.77 on Monday. 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 $364.34 billion, a price-to-earnings ratio of 175.66 and a beta of 1.51. The company’s 50-day moving average is $789.54 and its 200-day moving average is $761.26.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by $0.28. Amazon.com had a net margin of 1.64% and a return on equity of 13.47%. The business earned $32.71 billion during the quarter, compared to analyst estimates of $32.69 billion. During the same period in the previous year, the business posted $0.17 EPS. The business’s revenue for the quarter was up 29.0% compared to the same quarter last year. On average, analysts expect that Amazon.com will post $4.78 earnings per share for the current fiscal year.

In related news, CEO Andrew R. Jassy sold 14,000 shares of the business’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $800.00, for a total transaction of $11,200,000.00. Following the completion of the transaction, the chief executive officer now owns 68,141 shares in the company, valued at approximately $54,512,800. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 17.70% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Reilly Financial Advisors LLC boosted its stake in shares of Amazon.com by 0.4% in the third quarter. Reilly Financial Advisors LLC now owns 278 shares of the e-commerce giant’s stock valued at $233,000 after buying an additional 1 shares in the last quarter. Cornerstone Advisors Inc. boosted its stake in shares of Amazon.com by 0.4% in the second quarter. Cornerstone Advisors Inc. now owns 558 shares of the e-commerce giant’s stock valued at $399,000 after buying an additional 2 shares in the last quarter. Cadence Bank NA boosted its stake in shares of Amazon.com by 0.4% in the second quarter. Cadence Bank NA now owns 497 shares of the e-commerce giant’s stock valued at $355,000 after buying an additional 2 shares in the last quarter. American Economic Planning Group Inc. ADV boosted its stake in shares of Amazon.com by 0.6% in the second quarter. American Economic Planning Group Inc. ADV now owns 365 shares of the e-commerce giant’s stock valued at $261,000 after buying an additional 2 shares in the last quarter. Finally, Affinity Wealth Management boosted its stake in shares of Amazon.com by 0.5% in the third quarter. Affinity Wealth Management now owns 578 shares of the e-commerce giant’s stock valued at $484,000 after buying an additional 3 shares in the last quarter. Institutional investors own 64.77% of the company’s stock.

About Amazon.com

Related posts

Leave a Comment