Amazon.com (AMZN) Downgraded to “Sell” at BidaskClub

Amazon.com (NASDAQ:AMZN) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

A number of other research firms have also weighed in on AMZN. DA Davidson raised their price objective on Amazon.com from $2,200.00 to $2,450.00 and gave the company a “buy” rating in a research report on Wednesday, September 5th. Wells Fargo & Co reaffirmed a “buy” rating and set a $2,300.00 price objective on shares of Amazon.com in a research report on Monday, October 1st. Robert W. Baird reaffirmed a “buy” rating on shares of Amazon.com in a research report on Monday, September 3rd. Macquarie reaffirmed a “buy” rating and set a $2,200.00 price objective on shares of Amazon.com in a research report on Tuesday, October 2nd. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Amazon.com in a research report on Monday, October 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and forty-six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $2,091.53.

AMZN stock opened at $1,530.42 on Wednesday. Amazon.com has a twelve month low of $1,086.87 and a twelve month high of $2,050.50. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.08 and a quick ratio of 0.80. The company has a market cap of $803.28 billion, a P/E ratio of 336.36, a P/E/G ratio of 3.20 and a beta of 1.58.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.29 by $2.46. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. The company had revenue of $56.58 billion during the quarter, compared to analyst estimates of $57.05 billion. Equities research analysts forecast that Amazon.com will post 18.68 earnings per share for the current fiscal year.

In related news, Director Tom A. Alberg sold 2,320 shares of Amazon.com stock in a transaction on Monday, August 6th. The stock was sold at an average price of $1,827.29, for a total value of $4,239,312.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Judith A. Mcgrath sold 500 shares of Amazon.com stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $1,905.00, for a total value of $952,500.00. The disclosure for this sale can be found here. Insiders sold 20,308 shares of company stock valued at $38,986,448 in the last ninety days. 16.30% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Summit Trail Advisors LLC lifted its position in Amazon.com by 180,406.1% during the first quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock valued at $9,848,000 after purchasing an additional 9,842,959 shares in the last quarter. Cornerstone Wealth Management LLC lifted its position in Amazon.com by 198,956.6% during the second quarter. Cornerstone Wealth Management LLC now owns 3,340,169 shares of the e-commerce giant’s stock valued at $1,949,000 after purchasing an additional 3,338,491 shares in the last quarter. Private Advisor Group LLC lifted its position in Amazon.com by 2,407.1% during the second quarter. Private Advisor Group LLC now owns 391,158 shares of the e-commerce giant’s stock valued at $665,092,000 after purchasing an additional 375,556 shares in the last quarter. OppenheimerFunds Inc. lifted its position in Amazon.com by 132.8% during the second quarter. OppenheimerFunds Inc. now owns 539,375 shares of the e-commerce giant’s stock valued at $916,829,000 after purchasing an additional 307,692 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its position in Amazon.com by 136,351.3% during the second quarter. Moneta Group Investment Advisors LLC now owns 260,622 shares of the e-commerce giant’s stock valued at $677,000 after purchasing an additional 260,431 shares in the last quarter. 56.73% of the stock is owned by institutional investors.

About Amazon.com

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) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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