SunTrust Banks Inc. Reiterates Hold Rating for Amazon.com Inc. (AMZN)
Amazon.com Inc. (NASDAQ:AMZN)‘s stock had its “hold” rating reaffirmed by SunTrust Banks Inc. in a report issued on Tuesday.
A number of other equities research analysts also recently issued reports on AMZN. Wedbush set a $900.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a research note on Sunday, October 30th. Vetr upgraded shares of Amazon.com from a “hold” rating to a “buy” rating and set a $800.28 price objective on the stock in a research note on Tuesday, August 2nd. Morgan Stanley reiterated an “overweight” rating on shares of Amazon.com in a research note on Thursday, September 15th. Atlantic Securities set a $980.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a research note on Friday, October 28th. Finally, Guggenheim reiterated a “buy” rating and set a $950.00 price objective on shares of Amazon.com in a research note on Friday, October 28th. Six research analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $911.75.
Shares of Amazon.com (NASDAQ:AMZN) opened at 750.57 on Tuesday. The company has a market capitalization of $356.65 billion, a P/E ratio of 171.95 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 has a 1-year low of $474.00 and a 1-year 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by $0.28. The firm had revenue of $32.71 billion for the quarter, compared to analyst estimates of $32.69 billion. Amazon.com had a return on equity of 13.47% and a net margin of 1.64%. The company’s quarterly revenue was up 29.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.17 earnings per share. On average, equities research analysts forecast that Amazon.com will post $4.78 EPS for the current year.
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In related news, CEO Andrew R. Jassy sold 14,000 shares of Amazon.com stock in a transaction that occurred 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 sale, the chief executive officer now owns 68,141 shares of the company’s stock, valued at approximately $54,512,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 17.70% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Bartlett & Co. LLC increased its stake in Amazon.com by 7.1% in the third quarter. Bartlett & Co. LLC now owns 120 shares of the e-commerce giant’s stock worth $100,000 after buying an additional 8 shares during the last quarter. Pathstone Family Office LLC increased its stake 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 during the last quarter. Kistler Tiffany Companies LLC increased its stake 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 during the last quarter. Kings Point Capital Management purchased a new stake in Amazon.com during the second quarter worth about $109,000. Finally, D. Scott Neal Inc. increased its stake in Amazon.com by 3,000.0% in the third quarter. D. Scott Neal Inc. now owns 155 shares of the e-commerce giant’s stock worth $130,000 after buying an additional 150 shares during the last quarter. 64.77% of the stock is currently owned by institutional investors.
Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).
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