BidaskClub Upgrades Amazon.com (AMZN) to “Hold”

Amazon.com (NASDAQ:AMZN) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a report released on Saturday.

A number of other equities research analysts also recently issued reports on the stock. Morgan Stanley reiterated a “buy” rating on shares of Amazon.com in a research note on Friday. Nomura restated a “buy” rating on shares of Amazon.com in a research note on Thursday. William Blair restated an “outperform” rating on shares of Amazon.com in a research note on Monday, October 29th. JMP Securities restated a “buy” rating on shares of Amazon.com in a research note on Tuesday, October 30th. Finally, Aegis raised their price target on shares of Amazon.com from $2,063.00 to $2,225.00 and gave the company a “buy” rating in a research note on Tuesday, October 30th. Four research analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $2,091.53.

Shares of Amazon.com stock opened at $1,712.43 on Friday. The stock has a market cap of $803.28 billion, a price-to-earnings ratio of 376.36, a PEG ratio of 3.14 and a beta of 1.70. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.80 and a current ratio of 1.08. Amazon.com has a 12-month low of $1,121.63 and a 12-month high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.29 by $2.46. The firm had revenue of $56.58 billion for the quarter, compared to the consensus estimate of $57.05 billion. Amazon.com had a net margin of 4.03% and a return on equity of 24.35%. On average, analysts predict that Amazon.com will post 19.37 EPS for the current fiscal year.

In related news, Director Patricia Q. Stonesifer sold 1,375 shares of Amazon.com stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $1,678.99, for a total transaction of $2,308,611.25. Following the sale, the director now directly owns 9,127 shares in the company, valued at approximately $15,324,141.73. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey P. Bezos sold 16,964 shares of Amazon.com stock in a transaction that occurred on Monday, October 29th. The stock was sold at an average price of $1,632.23, for a total transaction of $27,689,149.72. Following the sale, the chief executive officer now owns 78,884,539 shares in the company, valued at $128,757,711,091.97. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,327 shares of company stock worth $64,744,896. 16.30% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of AMZN. BlackRock Inc. increased its stake in shares of Amazon.com by 0.6% in the 3rd quarter. BlackRock Inc. now owns 25,546,629 shares of the e-commerce giant’s stock valued at $51,169,896,000 after acquiring an additional 144,135 shares in the last quarter. FMR LLC increased its stake in shares of Amazon.com by 1.9% in the 3rd quarter. FMR LLC now owns 17,575,742 shares of the e-commerce giant’s stock valued at $35,204,211,000 after acquiring an additional 330,516 shares in the last quarter. Summit Trail Advisors LLC grew its position in Amazon.com by 180,406.1% in the 1st 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 during the period. Northern Trust Corp grew its position in Amazon.com by 1.1% in the 2nd quarter. Northern Trust Corp now owns 4,676,441 shares of the e-commerce giant’s stock valued at $7,949,013,000 after purchasing an additional 50,552 shares during the period. Finally, Morgan Stanley grew its position in Amazon.com by 1.8% in the 2nd quarter. Morgan Stanley now owns 4,637,654 shares of the e-commerce giant’s stock valued at $7,883,083,000 after purchasing an additional 81,024 shares during the period. Institutional investors and hedge funds own 56.59% of the company’s stock.

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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Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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