Amazon.com (NASDAQ:AMZN) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Amazon.com (NASDAQ:AMZN) from a sell rating to a hold rating in a research note released on Thursday morning.

A number of other brokerages also recently commented on AMZN. JMP Securities lowered their price objective on Amazon.com from $4,000.00 to $3,600.00 in a research report on Friday, April 29th. Royal Bank of Canada lowered their price objective on Amazon.com from $3,880.00 to $3,500.00 in a research report on Friday, April 29th. BNP Paribas started coverage on Amazon.com in a report on Tuesday, March 29th. They issued an underperform rating and a $2,800.00 price target for the company. Susquehanna lowered their price target on Amazon.com from $5,000.00 to $3,800.00 in a report on Friday, April 29th. Finally, UBS Group lowered their price target on Amazon.com from $4,550.00 to $4,185.00 in a report on Friday, April 29th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirty-five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Buy and a consensus target price of $3,803.02.

Shares of NASDAQ:AMZN opened at $2,151.82 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.96 and a quick ratio of 0.71. The firm has a market capitalization of $1.09 trillion, a PE ratio of 51.94, a price-to-earnings-growth ratio of 3.28 and a beta of 1.23. The firm’s 50-day moving average is $2,856.39 and its two-hundred day moving average is $3,106.88. Amazon.com has a 1 year low of $2,048.11 and a 1 year high of $3,773.08.

Amazon.com shares are scheduled to split on the morning of Monday, June 6th. The 20-1 split was announced on Wednesday, March 9th. The newly minted shares will be distributed to shareholders after the closing bell on Friday, June 3rd.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The e-commerce giant reported $4.24 EPS for the quarter, missing analysts’ consensus estimates of $8.73 by ($4.49). Amazon.com had a return on equity of 21.60% and a net margin of 4.48%. The company had revenue of $116.44 billion for the quarter, compared to analyst estimates of $116.52 billion. During the same period in the prior year, the firm posted $15.79 earnings per share. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. Analysts expect that Amazon.com will post 24.71 EPS for the current fiscal year.

In other Amazon.com news, CEO Adam Selipsky sold 34 shares of the company’s stock in a transaction on Wednesday, March 30th. The stock was sold at an average price of $3,370.19, for a total value of $114,586.46. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 492 shares of the company’s stock in a transaction on Tuesday, February 22nd. The shares were sold at an average price of $3,009.57, for a total value of $1,480,708.44. The disclosure for this sale can be found here. Insiders sold 1,707 shares of company stock valued at $4,266,717 in the last quarter. 12.70% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. MFA Wealth Advisors LLC boosted its stake in shares of Amazon.com by 295,683.2% during the third quarter. MFA Wealth Advisors LLC now owns 5,714,531 shares of the e-commerce giant’s stock valued at $6,075,000 after acquiring an additional 5,712,599 shares during the last quarter. Norges Bank acquired a new stake in shares of Amazon.com during the fourth quarter valued at $14,053,756,000. Castleview Partners LLC acquired a new stake in shares of Amazon.com during the fourth quarter valued at $1,143,000. Aaron Wealth Advisors LLC boosted its stake in shares of Amazon.com by 346,521.1% during the first quarter. Aaron Wealth Advisors LLC now owns 2,246,105 shares of the e-commerce giant’s stock valued at $689,000 after acquiring an additional 2,245,457 shares during the last quarter. Finally, Verity Asset Management Inc. boosted its stake in shares of Amazon.com by 413,136.4% during the first quarter. Verity Asset Management Inc. now owns 1,508,313 shares of the e-commerce giant’s stock valued at $841,000 after acquiring an additional 1,507,948 shares during the last quarter. 72.51% of the stock is currently owned by institutional investors.

About Amazon.com (Get Rating)

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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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