Morgan Stanley Reiterates “Buy” Rating for Amazon.com (AMZN)

Morgan Stanley restated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research report released on Friday morning. The brokerage currently has a $1,250.00 price objective on the e-commerce giant’s stock.

AMZN has been the topic of several other research reports. Goldman Sachs Group restated a buy rating and set a $1,450.00 price target (up previously from $1,300.00) on shares of Amazon.com in a report on Tuesday, November 28th. DA Davidson increased their price target on Amazon.com from $1,300.00 to $1,500.00 and gave the company a buy rating in a report on Wednesday, November 29th. Vetr lowered Amazon.com from a hold rating to a sell rating and set a $1,129.92 price target on the stock. in a report on Monday, November 27th. Wells Fargo & Company increased their price target on Amazon.com to $1,525.00 and gave the company an outperform rating in a report on Friday. They noted that the move was a valuation call. Finally, MKM Partners increased their price target on Amazon.com from $1,275.00 to $1,350.00 and gave the company a buy rating in a report on Friday. Five research analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $1,209.59.

Shares of Amazon.com (NASDAQ:AMZN) opened at $1,133.95 on Friday. The stock has a market capitalization of $546,420.00, a P/E ratio of 295.01, a PEG ratio of 14.56 and a beta of 1.46. Amazon.com has a twelve month low of $742.00 and a twelve month high of $1,213.41. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data 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). The firm had revenue of $43.74 billion for the quarter, compared to analysts’ expectations of $42.26 billion. Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The firm’s revenue was up 33.7% on a year-over-year basis. During the same period last year, the company earned $0.52 earnings per share. equities research analysts predict that Amazon.com will post 4.24 earnings per share for the current fiscal year.

In other news, CEO Andrew R. Jassy sold 1,985 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $1,125.38, for a total value of $2,233,879.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey P. Bezos sold 391,110 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the completion of the transaction, the chief executive officer now owns 79,891,433 shares of the company’s stock, valued at $88,162,593,058.49. The disclosure for this sale can be found here. In the last three months, insiders sold 399,538 shares of company stock valued at $441,142,749. Corporate insiders own 17.00% of the company’s stock.

Large investors have recently made changes to their positions in the company. Vestor Capital LLC grew its holdings 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 purchasing an additional 10 shares during the period. Whitnell & Co. grew its holdings 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 purchasing an additional 93 shares during the period. WealthTrust Arizona LLC grew its holdings in Amazon.com by 2.7% in the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after purchasing an additional 3 shares during the period. LeJeune Puetz Investment Counsel LLC acquired a new stake in Amazon.com in the second quarter valued at approximately $116,000. Finally, Mountain Capital Investment Advisors Inc acquired a new stake in Amazon.com in the second quarter valued at approximately $121,000. Hedge funds and other institutional investors own 59.79% of the company’s stock.

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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.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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