Amazon.com (AMZN) Earning Somewhat Favorable Media Coverage, Analysis Finds

Press coverage about Amazon.com (NASDAQ:AMZN) has trended somewhat positive on Wednesday, InfoTrie reports. InfoTrie identifies negative and positive media coverage by analyzing more than 6,000 news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Amazon.com earned a media sentiment score of 0.67 on their scale. InfoTrie also assigned press coverage about the e-commerce giant an news buzz score of 3 out of 10, meaning that recent media coverage is unlikely to have an impact on the company’s share price in the next several days.

Here are some of the media headlines that may have impacted Amazon.com’s analysis:

Shares of AMZN opened at $1,857.52 on Wednesday. Amazon.com, Inc. has a fifty-two week low of $1,307.00 and a fifty-two week high of $2,050.50. The firm has a market capitalization of $920.17 billion, a P/E ratio of 92.23, a price-to-earnings-growth ratio of 2.13 and a beta of 1.62. The company has a current ratio of 1.09, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, April 25th. The e-commerce giant reported $7.09 earnings per share for the quarter, topping the consensus estimate of $4.61 by $2.48. Amazon.com had a net margin of 4.97% and a return on equity of 28.91%. The company had revenue of $59.70 billion for the quarter, compared to analysts’ expectations of $59.73 billion. During the same quarter in the previous year, the business posted $3.27 earnings per share. Amazon.com’s quarterly revenue was up 17.0% on a year-over-year basis. As a group, analysts anticipate that Amazon.com, Inc. will post 26.59 EPS for the current year.

A number of equities research analysts have commented on AMZN shares. DA Davidson raised their target price on shares of Amazon.com to $2,550.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Deutsche Bank raised their target price on shares of Amazon.com from $2,300.00 to $2,315.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. JMP Securities raised their target price on shares of Amazon.com from $2,050.00 to $2,275.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th. BMO Capital Markets raised 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 note on Wednesday, January 30th. Finally, Guggenheim restated a “buy” rating and set a $2,000.00 target price on shares of Amazon.com in a research note on Thursday, January 31st. Five equities research analysts have rated the stock with a hold rating and forty-three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $2,181.89.

In related news, CFO Brian T. Olsavsky sold 1,763 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $1,828.48, for a total value of $3,223,610.24. Following the sale, the chief financial officer now owns 2,479 shares in the company, valued at $4,532,801.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $1,811.14, for a total transaction 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 approximately $18,111,400. The disclosure for this sale can be found here. Insiders sold 13,635 shares of company stock worth $25,093,277 in the last 90 days. 16.10% of the stock is currently owned by company insiders.

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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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