Amazon.com (AMZN) Earns Outperform Rating from Credit Suisse Group

Amazon.com (NASDAQ:AMZN)‘s stock had its “outperform” rating reiterated by equities research analysts at Credit Suisse Group in a research note issued to investors on Friday, The Fly reports. They presently have a $2,200.00 price objective on the e-commerce giant’s stock, up from their previous price objective of $2,100.00. Credit Suisse Group’s price objective would indicate a potential upside of 15.65% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. BMO Capital Markets upped their target price on shares of Amazon.com from $2,250.00 to $2,300.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 30th. Guggenheim reiterated a “buy” rating and set a $2,000.00 target price on shares of Amazon.com in a research report on Thursday, January 31st. Benchmark reduced their target price on shares of Amazon.com from $2,100.00 to $2,000.00 and set a “buy” rating on the stock in a research report on Wednesday, January 30th. Goldman Sachs Group reduced their target price on shares of Amazon.com from $2,200.00 to $2,000.00 and set a “conviction-buy” rating on the stock in a research report on Friday, January 4th. Finally, Bank of America reiterated a “buy” rating and set a $2,100.00 target price (up from $2,000.00) on shares of Amazon.com in a research report on Wednesday, January 9th. Five research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $2,139.02.

NASDAQ AMZN opened at $1,902.25 on Friday. The stock has a market capitalization of $946.60 billion, a P/E ratio of 94.45, a price-to-earnings-growth ratio of 2.32 and a beta of 1.63. Amazon.com has a twelve month low of $1,307.00 and a twelve month high of $2,050.50. The company has a current ratio of 1.10, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, April 25th. The e-commerce giant reported $7.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.61 by $2.48. The firm had revenue of $59.70 billion for the quarter, compared to analysts’ expectations of $59.73 billion. Amazon.com had a net margin of 4.33% and a return on equity of 27.02%. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.27 earnings per share. As a group, research analysts anticipate that Amazon.com will post 26.64 earnings per share for the current fiscal year.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,000 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $1,811.14, for a total value of $3,622,280.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at $18,111,400. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Jeffrey M. Blackburn sold 2,055 shares of the stock in a transaction on Friday, February 15th. The shares were sold at an average price of $1,616.34, for a total transaction of $3,321,578.70. Following the completion of the sale, the senior vice president now owns 46,596 shares of the company’s stock, valued at approximately $75,314,978.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,075 shares of company stock valued at $11,802,708. 16.30% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of AMZN. Oregon Public Employees Retirement Fund grew its holdings in shares of Amazon.com by 150,721.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 109,486,103 shares of the e-commerce giant’s stock valued at $73,000 after purchasing an additional 109,413,510 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of Amazon.com by 1.8% during the 3rd quarter. Vanguard Group Inc now owns 29,599,653 shares of the e-commerce giant’s stock valued at $59,288,105,000 after purchasing an additional 516,913 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Amazon.com by 1.0% during the 4th quarter. BlackRock Inc. now owns 25,807,758 shares of the e-commerce giant’s stock valued at $38,762,479,000 after purchasing an additional 261,129 shares during the last quarter. FMR LLC grew its holdings in shares of Amazon.com by 1.4% during the 4th quarter. FMR LLC now owns 17,813,364 shares of the e-commerce giant’s stock valued at $26,755,140,000 after purchasing an additional 237,622 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Amazon.com by 6.4% during the 4th quarter. Geode Capital Management LLC now owns 5,061,159 shares of the e-commerce giant’s stock valued at $7,587,716,000 after purchasing an additional 304,896 shares during the last quarter. Institutional investors and hedge funds own 56.03% of the company’s stock.

About Amazon.com

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 third-party sellers through physical stores and online stores.

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