Amazon.com (AMZN) Downgraded by Vetr

Vetr cut shares of Amazon.com (NASDAQ:AMZN) from a buy rating to a hold rating in a research note released on Monday morning. The brokerage currently has $1,277.08 target price on the e-commerce giant’s stock.

AMZN has been the subject of several other research reports. Stifel Nicolaus reaffirmed a buy rating and set a $1,100.00 price objective on shares of Amazon.com in a report on Tuesday, October 24th. Loop Capital set a $1,200.00 price objective on shares of Amazon.com and gave the stock a buy rating in a report on Friday, October 20th. Royal Bank of Canada set a $1,100.00 price objective on shares of Amazon.com and gave the stock a buy rating in a report on Monday, September 11th. Needham & Company LLC reaffirmed a buy rating and set a $1,250.00 price objective (up previously from $1,150.00) on shares of Amazon.com in a report on Friday, October 27th. Finally, Cantor Fitzgerald raised their price objective on shares of Amazon.com to $1,360.00 and gave the stock an overweight rating in a report on Friday, October 27th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and fifty-one have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $1,252.46.

Amazon.com (AMZN) opened at $1,254.33 on Monday. Amazon.com has a 52-week low of $789.51 and a 52-week high of $1,259.33. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.03 and a quick ratio of 0.74. The stock has a market cap of $604,430.00, a PE ratio of 316.75, a P/E/G ratio of 7.22 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $42.26 billion. During the same period last year, the company earned $0.52 EPS. The business’s revenue for the quarter was up 33.7% on a year-over-year basis. analysts expect that Amazon.com will post 4.24 EPS for the current fiscal year.

In other Amazon.com news, CEO Jeffrey P. Bezos sold 391,110 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were 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 $88,162,593,058.49. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $1,160.34, for a total transaction of $3,248,952.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $11,603,400. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 402,338 shares of company stock worth $444,391,701. Insiders own 17.00% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Oak Point Wealth Management acquired a new stake in shares of Amazon.com during the fourth quarter worth $125,000. Whitnell & Co. raised its holdings in shares of Amazon.com by 581.3% during the third quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock worth $105,000 after acquiring an additional 93 shares during the period. Vestor Capital LLC raised its holdings in shares of Amazon.com by 10.1% during the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after acquiring an additional 10 shares during the period. LeJeune Puetz Investment Counsel LLC acquired a new stake in shares of Amazon.com during the second quarter worth $116,000. Finally, Mountain Capital Investment Advisors Inc acquired a new stake in shares of Amazon.com during the second quarter worth $121,000. 59.78% of the stock is currently owned by institutional investors.

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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.

To view Vetr’s full report, visit Vetr’s official website.

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