Amazon.com’s (AMZN) Overweight Rating Reaffirmed at Piper Jaffray Companies

Amazon.com (NASDAQ:AMZN)‘s stock had its “overweight” rating reaffirmed by investment analysts at Piper Jaffray Companies in a research note issued to investors on Tuesday, MarketBeat reports. They currently have a $1,400.00 price target on the e-commerce giant’s stock, up from their previous price target of $1,200.00. Piper Jaffray Companies’ target price suggests a potential upside of 11.61% from the company’s previous close.

Several other equities analysts also recently commented on AMZN. Royal Bank of Canada set a $1,100.00 price objective on Amazon.com and gave the company a “buy” rating in a research note on Monday, September 11th. Barclays reiterated an “overweight” rating and issued a $1,150.00 price objective on shares of Amazon.com in a research note on Tuesday, September 12th. Loop Capital initiated coverage on Amazon.com in a research note on Tuesday, September 12th. They issued a “buy” rating and a $1,200.00 price objective on the stock. UBS Group reiterated a “buy” rating and issued a $1,200.00 price objective on shares of Amazon.com in a research note on Saturday, September 16th. Finally, Argus reiterated a “buy” rating and issued a $1,150.00 price objective on shares of Amazon.com in a research note on Thursday, September 21st. Four analysts have rated the stock with a hold rating and fifty-one have given a buy rating to the company’s stock. Amazon.com has a consensus rating of “Buy” and a consensus price target of $1,252.46.

Amazon.com (NASDAQ AMZN) opened at $1,254.33 on Tuesday. Amazon.com has a 12 month low of $789.51 and a 12 month high of $1,259.33. The firm has a market capitalization of $604,430.00, a P/E ratio of 316.75, a PEG ratio of 7.22 and a beta of 1.46. The company has a quick ratio of 0.74, a current ratio of 1.03 and a debt-to-equity ratio of 1.00.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.57). Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The firm had revenue of $43.74 billion during the quarter, compared to analysts’ expectations of $42.26 billion. During the same quarter in the previous year, the company posted $0.52 EPS. Amazon.com’s revenue for the quarter was up 33.7% on a year-over-year basis. research analysts forecast that Amazon.com will post 4.24 earnings per share for the current fiscal year.

In other news, CEO Jeffrey A. Wilke sold 2,800 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $1,160.34, for a total value of $3,248,952.00. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $11,603,400. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Shelley Reynolds sold 544 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $1,126.27, for a total transaction of $612,690.88. The disclosure for this sale can be found here. In 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.

Institutional investors have recently added to or reduced their stakes in the company. Whitnell & Co. increased its stake in Amazon.com by 581.3% in the third quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after acquiring an additional 93 shares during the last quarter. Vestor Capital LLC increased its stake in Amazon.com by 10.1% in the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after acquiring an additional 10 shares during the last quarter. Clear Investment Research LLC increased its stake in Amazon.com by 73,100.0% in the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock valued at $107,000 after acquiring an additional 731 shares during the last quarter. LeJeune Puetz Investment Counsel LLC bought a new position in Amazon.com in the second quarter valued at $116,000. Finally, Mountain Capital Investment Advisors Inc bought a new position in Amazon.com in the second quarter valued at $121,000. 59.78% of the stock is currently owned by hedge funds and other 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.

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