Robert W. Baird Reaffirms Buy Rating for Amazon.com (AMZN)

Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating reissued by Robert W. Baird in a research note issued to investors on Wednesday.

Other analysts have also recently issued research reports about the company. Nomura reaffirmed a “buy” rating on shares of Amazon.com in a research report on Friday, July 27th. Canaccord Genuity lifted their price target on Amazon.com from $2,000.00 to $2,100.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. Morgan Stanley reaffirmed a “buy” rating on shares of Amazon.com in a research report on Wednesday, July 11th. Macquarie reaffirmed a “buy” rating on shares of Amazon.com in a research report on Friday, July 27th. Finally, Barclays reaffirmed a “buy” rating and set a $1,870.00 price target on shares of Amazon.com in a research report on Friday, July 27th. Three equities research analysts have rated the stock with a hold rating and fifty have given a buy rating to the company. Amazon.com has a consensus rating of “Buy” and an average target price of $2,004.08.

Shares of Amazon.com stock traded up $7.01 during trading on Wednesday, reaching $1,826.97. The company’s stock had a trading volume of 91,553 shares, compared to its average volume of 5,138,573. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 0.78. The stock has a market capitalization of $976.95 billion, a price-to-earnings ratio of 401.82, a PEG ratio of 4.17 and a beta of 1.58. Amazon.com has a 1-year low of $962.50 and a 1-year high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.49 by $2.58. Amazon.com had a return on equity of 18.47% and a net margin of 3.02%. The firm had revenue of $52.89 billion during the quarter, compared to analysts’ expectations of $53.37 billion. During the same quarter last year, the firm earned $0.40 EPS. The business’s quarterly revenue was up 39.3% on a year-over-year basis. On average, equities research analysts anticipate that Amazon.com will post 17.78 earnings per share for the current fiscal year.

In related news, Director Judith A. Mcgrath sold 500 shares of Amazon.com stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $1,905.00, for a total value of $952,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas O. Ryder sold 5,000 shares of Amazon.com stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $1,783.81, for a total value of $8,919,050.00. Following the completion of the transaction, the director now owns 10,752 shares of the company’s stock, valued at approximately $19,179,525.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,308 shares of company stock valued at $47,905,498. 16.30% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in the stock. Vista Equity Partners Management LLC increased its stake in Amazon.com by 44.3% during the 1st quarter. Vista Equity Partners Management LLC now owns 12,827 shares of the e-commerce giant’s stock worth $18,565,000 after buying an additional 3,936 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in Amazon.com by 5.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 25,537 shares of the e-commerce giant’s stock worth $43,408,000 after buying an additional 1,342 shares in the last quarter. Berkshire Capital Holdings Inc. purchased a new stake in Amazon.com during the 1st quarter worth approximately $17,715,000. Howard Capital Management Inc. increased its stake in Amazon.com by 182.5% during the 1st quarter. Howard Capital Management Inc. now owns 613 shares of the e-commerce giant’s stock worth $879,000 after buying an additional 396 shares in the last quarter. Finally, InterOcean Capital LLC purchased a new stake in Amazon.com during the 1st quarter worth approximately $476,000. Hedge funds and other institutional investors own 57.36% of the company’s stock.

Amazon.com Company Profile

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.

See Also: Hedge Funds

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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