Evercore ISI reissued their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research note issued to investors on Friday. Evercore ISI currently has a $150.00 target price on the e-commerce giant's stock.
Several other equities research analysts have also weighed in on the company. UBS Group reduced their price objective on Amazon.com from $121.00 to $118.00 and set a buy rating for the company in a research note on Wednesday. Morgan Stanley reduced their price objective on Amazon.com from $175.00 to $140.00 and set an overweight rating for the company in a research report on Friday, October 28th. Truist Financial reduced their price objective on Amazon.com from $170.00 to $160.00 and set a buy rating for the company in a research report on Friday, October 28th. Monness Crespi & Hardt reduced their price objective on Amazon.com from $172.00 to $136.00 and set a buy rating for the company in a research report on Friday, October 28th. Finally, Credit Suisse Group reduced their price objective on Amazon.com from $159.00 to $142.00 and set an outperform rating for the company in a research report on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $145.41.
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Amazon.com Price Performance
Shares of AMZN stock traded up $3.02 during mid-day trading on Friday, hitting $102.24. 87,775,614 shares of the stock traded hands, compared to its average volume of 68,060,248. Amazon.com has a twelve month low of $81.43 and a twelve month high of $170.83. The firm has a market cap of $1.04 trillion, a price-to-earnings ratio of 93.84, a price-to-earnings-growth ratio of 3.11 and a beta of 1.22. The company's 50-day simple moving average is $90.74 and its 200-day simple moving average is $109.80. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94.
Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). Amazon.com had a net
margin of 2.25% and a return on equity of 14.44%. The firm had revenue of $127.10 billion for the quarter, compared to analyst estimates of $127.47 billion. During the same quarter last year, the business posted $0.31 earnings per share. The firm's revenue for the quarter was up 14.7% compared to the same quarter last year. As a group, equities research analysts expect that Amazon.com will post 0.67 earnings per share for the current year.
Insider Buying and Selling
In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the company's stock in a transaction on Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $329,000.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $11,259,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the company's stock in a transaction on Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $329,000.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $11,259,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 15,787 shares of the company's stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the sale, the chief executive officer now owns 522,251 shares of the company's stock, valued at approximately $53,844,078.10. The disclosure for this sale can be found here. Insiders sold 52,428 shares of company stock worth $5,077,578 in the last quarter. Insiders own 12.70% of the company's stock.
Institutional Trading of Amazon.com
Several institutional investors and hedge funds have recently made changes to their positions in AMZN. Bellecapital International Ltd. boosted its stake in Amazon.com by 1,993.8% in the 2nd quarter. Bellecapital International Ltd. now owns 70,644 shares of the e-commerce giant's stock worth $7,503,000 after purchasing an additional 67,270 shares during the period. Bouchey Financial Group Ltd boosted its stake in shares of Amazon.com by 2,027.5% during the 2nd quarter. Bouchey Financial Group Ltd now owns 160,326 shares of the e-commerce giant's stock worth $17,028,000 after buying an additional 152,790 shares during the last quarter. Gulf International Bank UK Ltd boosted its stake in shares of Amazon.com by 1.0% during the 3rd quarter. Gulf International Bank UK Ltd now owns 1,526,940 shares of the e-commerce giant's stock worth $172,544,000 after buying an additional 15,640 shares during the last quarter. Ervin Investment Management LLC boosted its stake in shares of Amazon.com by 1,900.0% during the 2nd quarter. Ervin Investment Management LLC now owns 2,940 shares of the e-commerce giant's stock worth $320,000 after buying an additional 2,793 shares during the last quarter. Finally, Csenge Advisory Group boosted its stake in shares of Amazon.com by 2,077.0% during the 2nd quarter. Csenge Advisory Group now owns 68,119 shares of the e-commerce giant's stock worth $7,235,000 after buying an additional 64,990 shares during the last quarter. Institutional investors own 57.64% of the company's stock.
About Amazon.com
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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as and .
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