Amazon.com’s (AMZN) Buy Rating Reiterated at Robert W. Baird
Other equities research analysts also recently issued research reports about the stock. Royal Bank of Canada reiterated a $1,842.92 rating on shares of Amazon.com in a research report on Wednesday, July 18th. Barclays reiterated a buy rating on shares of Amazon.com in a research report on Monday, July 16th. Loop Capital increased their target price on shares of Amazon.com from $1,800.00 to $1,900.00 and gave the stock a buy rating in a research report on Wednesday, June 27th. BidaskClub downgraded shares of Amazon.com from a strong-buy rating to a buy rating in a report on Tuesday, June 26th. Finally, Macquarie restated a buy rating on shares of Amazon.com in a report on Friday, June 22nd. Four analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the stock. Amazon.com presently has a consensus rating of Buy and an average price target of $2,091.53.
Shares of NASDAQ:AMZN traded down $42.48 during mid-day trading on Wednesday, hitting $1,712.43. The stock had a trading volume of 5,891,531 shares, compared to its average volume of 8,251,879. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.80 and a current ratio of 1.08. The company has a market cap of $858.38 billion, a PE ratio of 376.36, a price-to-earnings-growth ratio of 3.36 and a beta of 1.70. Amazon.com has a 12-month low of $1,121.63 and a 12-month high of $2,050.50.
In related news, Director Patricia Q. Stonesifer sold 1,375 shares of Amazon.com stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $1,678.99, for a total transaction of $2,308,611.25. Following the completion of the transaction, the director now directly owns 9,127 shares of the company’s stock, valued at approximately $15,324,141.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Judith A. Mcgrath sold 500 shares of Amazon.com stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $1,905.00, for a total transaction of $952,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,327 shares of company stock worth $64,744,896. 16.30% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. HC Financial Advisors Inc. bought a new position in shares of Amazon.com in the fourth quarter worth about $315,000. Tradewinds Capital Management LLC grew its position in shares of Amazon.com by 30.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 2,118 shares of the e-commerce giant’s stock worth $3,065,000 after buying an additional 490 shares during the period. Shaker Investments LLC OH grew its position in shares of Amazon.com by 85.7% during the 1st quarter. Shaker Investments LLC OH now owns 975 shares of the e-commerce giant’s stock worth $1,411,000 after buying an additional 450 shares during the period. Northwest Capital Management Inc grew its position in shares of Amazon.com by 8.8% during the 1st quarter. Northwest Capital Management Inc now owns 911 shares of the e-commerce giant’s stock worth $1,318,000 after buying an additional 74 shares during the period. Finally, Daiwa Securities Group Inc. grew its position in shares of Amazon.com by 65.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 30,459 shares of the e-commerce giant’s stock worth $44,084,000 after buying an additional 11,996 shares during the period. 56.59% of the stock is owned by hedge funds and other institutional investors.
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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