Amazon.com’s (AMZN) “Buy” Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reiterated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research report released on Friday, July 27th, Marketbeat Ratings reports. The brokerage currently has a $2,200.00 price objective on the e-commerce giant’s stock, up from their previous price objective of $2,100.00.

AMZN has been the subject of a number of other research reports. BidaskClub downgraded shares of Amazon.com from a strong-buy rating to a buy rating in a research note on Friday, March 30th. Oppenheimer reiterated a buy rating on shares of Amazon.com in a report on Friday, May 4th. Zacks Investment Research raised shares of Amazon.com from a hold rating to a strong-buy rating and set a $1,578.00 price objective on the stock in a research report on Wednesday, April 4th. JPMorgan Chase & Co. reissued a buy rating on shares of Amazon.com in a research report on Tuesday, April 10th. Finally, Cowen boosted their price objective on shares of Amazon.com from $2,000.00 to $2,100.00 and gave the company an outperform rating in a research note on Friday, July 13th. Two investment analysts have rated the stock with a hold rating, fifty have given a buy rating and one has assigned a strong buy rating to the company. Amazon.com presently has a consensus rating of Buy and a consensus target price of $1,933.51.

Amazon.com traded down $12.22, hitting $1,886.30, on Friday, Marketbeat Ratings reports. The company had a trading volume of 3,620,761 shares, compared to its average volume of 5,021,807. The company has a market cap of $925.99 billion, a price-to-earnings ratio of 414.57, a PEG ratio of 4.15 and a beta of 1.60. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 0.78. Amazon.com has a 52 week low of $931.75 and a 52 week high of $1,914.57.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $2.58. The firm had revenue of $52.89 billion during the quarter, compared to the consensus estimate of $53.37 billion. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. The company’s revenue for the quarter was up 39.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 earnings per share. analysts expect that Amazon.com will post 17.27 EPS for the current year.

In related news, CEO Andrew R. Jassy sold 1,726 shares of the firm’s stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $1,574.33, for a total value of $2,717,293.58. Following the completion of the transaction, the chief executive officer now directly owns 86,419 shares of the company’s stock, valued at $136,052,024.27. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Thomas O. Ryder sold 5,000 shares of Amazon.com stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $1,783.81, for a total transaction of $8,919,050.00. Following the transaction, the director now directly owns 10,752 shares of the company’s stock, valued at $19,179,525.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,438 shares of company stock worth $27,553,529. Company insiders own 16.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in AMZN. Summit Trail Advisors LLC grew its stake in shares of Amazon.com by 180,406.1% during the first quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock worth $9,848,000 after acquiring an additional 9,842,959 shares during the last quarter. Cornerstone Wealth Management LLC boosted its position in Amazon.com by 198,956.6% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 3,340,169 shares of the e-commerce giant’s stock worth $1,949,000 after purchasing an additional 3,338,491 shares in the last quarter. Private Advisor Group LLC boosted its position in Amazon.com by 2,407.1% in the 2nd quarter. Private Advisor Group LLC now owns 391,158 shares of the e-commerce giant’s stock worth $665,092,000 after purchasing an additional 375,556 shares in the last quarter. Sei Investments Co. boosted its position in Amazon.com by 799.2% in the 2nd quarter. Sei Investments Co. now owns 282,661 shares of the e-commerce giant’s stock worth $480,471,000 after purchasing an additional 251,227 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in Amazon.com by 52.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 566,822 shares of the e-commerce giant’s stock worth $963,484,000 after purchasing an additional 194,992 shares in the last quarter. Hedge funds and other institutional investors own 57.12% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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