Amazon.com’s (AMZN) “Buy” Rating Reaffirmed at Maxim Group

Maxim Group restated their buy rating on shares of Amazon.com, Inc. (NASDAQ:AMZN) in a research report released on Thursday. They currently have a $1,000.00 price objective on the e-commerce giant’s stock, up from their prior price objective of $940.00.

“The company is expected to report 1Q17 earnings on Thursday, April 27, after market close, with a conference call at 5:30pm ET.”,” Maxim Group’s analyst commented.

Other equities analysts also recently issued research reports about the stock. Robert W. Baird reissued an outperform rating and issued a $850.00 target price on shares of Amazon.com in a report on Thursday, April 6th. Credit Suisse Group AG lowered their target price on shares of Amazon.com from $950.00 to $900.00 and set an outperform rating on the stock in a report on Friday, February 3rd. Susquehanna Bancshares Inc reissued a positive rating and issued a $1,250.00 target price on shares of Amazon.com in a report on Monday, February 6th. Piper Jaffray Companies lowered their target price on shares of Amazon.com from $1,000.00 to $900.00 and set an overweight rating on the stock in a report on Tuesday, April 11th. Finally, Mizuho lowered their target price on shares of Amazon.com from $920.00 to $905.00 and set a buy rating on the stock in a report on Friday, February 3rd. Five equities research analysts have rated the stock with a hold rating and forty-eight have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $961.29.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

Amazon.com (NASDAQ:AMZN) traded down 0.4748% during trading on Thursday, hitting $897.7771. The stock had a trading volume of 1,541,734 shares. The stock has a 50 day moving average price of $871.22 and a 200 day moving average price of $817.02. The company has a market capitalization of $428.39 billion, a price-to-earnings ratio of 183.2198 and a beta of 1.40. Amazon.com has a 12-month low of $599.20 and a 12-month high of $923.72.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.19. Amazon.com had a net margin of 1.74% and a return on equity of 13.87%. The business had revenue of $43.74 billion for the quarter, compared to the consensus estimate of $44.66 billion. During the same quarter in the previous year, the firm earned $1.00 earnings per share. The company’s revenue for the quarter was up 22.4% on a year-over-year basis. Equities research analysts forecast that Amazon.com will post $7.22 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This report was posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The legal version of this report can be viewed at https://sportsperspectives.com/2017/04/21/amazon-coms-amzn-buy-rating-reaffirmed-at-maxim-group.html.

In other Amazon.com news, insider David Zapolsky sold 503 shares of the company’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total transaction of $427,550.00. Following the completion of the sale, the insider now directly owns 2,523 shares in the company, valued at $2,144,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tom A. Alberg sold 590 shares of the company’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total value of $501,500.00. Following the sale, the director now owns 22,525 shares of the company’s stock, valued at $19,146,250. The disclosure for this sale can be found here. Corporate insiders own 17.70% of the company’s stock.

A number of large investors have recently made changes to their positions in the company. State Street Corp raised its stake in shares of Amazon.com by 3.5% in the fourth quarter. State Street Corp now owns 16,357,782 shares of the e-commerce giant’s stock valued at $12,266,213,000 after buying an additional 548,945 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Amazon.com by 2.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 10,317,381 shares of the e-commerce giant’s stock valued at $8,638,846,000 after buying an additional 237,004 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of Amazon.com by 4.2% in the third quarter. BlackRock Fund Advisors now owns 4,893,066 shares of the e-commerce giant’s stock valued at $4,097,013,000 after buying an additional 198,927 shares in the last quarter. Northern Trust Corp raised its stake in shares of Amazon.com by 1.3% in the third quarter. Northern Trust Corp now owns 4,637,241 shares of the e-commerce giant’s stock valued at $3,882,808,000 after buying an additional 59,052 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Amazon.com by 0.5% in the third quarter. Bank of New York Mellon Corp now owns 4,314,655 shares of the e-commerce giant’s stock valued at $3,612,703,000 after buying an additional 21,840 shares in the last quarter. Institutional investors own 65.08% 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 North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.

5 Day Chart for NASDAQ:AMZN

Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply