Amazon.com (AMZN) Earning Somewhat Favorable News Coverage, Accern Reports

Media stories about Amazon.com (NASDAQ:AMZN) have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Amazon.com earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned media coverage about the e-commerce giant an impact score of 44.533359663934 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news headlines that may have effected Accern Sentiment’s rankings:

Shares of Amazon.com (AMZN) opened at $1,130.01 on Tuesday. Amazon.com has a fifty-two week low of $710.10 and a fifty-two week high of $1,139.90. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $544,120.00, a price-to-earnings ratio of 285.62, a PEG ratio of 14.04 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.57). Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The business had revenue of $43.74 billion for the quarter, compared to analyst estimates of $42.26 billion. During the same quarter last year, the business earned $0.52 EPS. Amazon.com’s revenue for the quarter was up 33.7% compared to the same quarter last year. research analysts expect that Amazon.com will post 4.26 EPS for the current fiscal year.

Several research analysts have recently issued reports on the company. Tigress Financial restated a “buy” rating on shares of Amazon.com in a research note on Wednesday, August 9th. Loop Capital set a $1,300.00 price objective on Amazon.com and gave the stock a “buy” rating in a research note on Monday. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $1,275.00 price objective on shares of Amazon.com in a research note on Friday, July 28th. SunTrust Banks, Inc. restated a “buy” rating and issued a $1,190.00 price objective on shares of Amazon.com in a research note on Monday, October 2nd. Finally, Macquarie restated a “buy” rating on shares of Amazon.com in a research note on Monday, July 24th. Five research analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the stock. Amazon.com has an average rating of “Buy” and an average target price of $1,142.08.

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In related news, CEO Jeffrey P. Bezos sold 391,110 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the transaction, the chief executive officer now directly owns 79,891,433 shares of the company’s stock, valued at approximately $88,162,593,058.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total value of $2,674,560.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $9,552,000. The disclosure for this sale can be found here. Insiders have sold 396,480 shares of company stock worth $437,036,326 in the last 90 days. Insiders own 17.00% of the company’s stock.

About Amazon.com

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

Insider Buying and Selling by Quarter for Amazon.com (NASDAQ:AMZN)

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