Amazon.com (AMZN) Coverage Initiated at Pivotal Research

Pivotal Research initiated coverage on shares of Amazon.com (NASDAQ:AMZN) in a research note issued to investors on Monday morning, Marketbeat reports. The firm issued a buy rating and a $1,920.00 price objective on the e-commerce giant’s stock.

A number of other equities research analysts also recently weighed in on AMZN. Goldman Sachs Group reaffirmed a buy rating on shares of Amazon.com in a research report on Monday. BidaskClub raised shares of Amazon.com from a sell rating to a hold rating in a research report on Friday, January 4th. Royal Bank of Canada reaffirmed a buy rating on shares of Amazon.com in a research report on Wednesday, January 2nd. Zacks Investment Research raised shares of Amazon.com from a hold rating to a buy rating and set a $1,543.00 price objective for the company in a research report on Monday, December 31st. Finally, Morgan Stanley reaffirmed a buy rating on shares of Amazon.com in a research report on Monday, December 10th. Three research analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $2,087.85.

Shares of Amazon.com stock opened at $1,656.22 on Monday. The stock has a market capitalization of $770.32 billion, a PE ratio of 364.00, a P/E/G ratio of 2.21 and a beta of 1.66. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.63. Amazon.com has a 1 year low of $1,256.46 and a 1 year high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.29 by $2.46. The business had revenue of $56.58 billion for the quarter, compared to analyst estimates of $57.05 billion. Amazon.com had a net margin of 4.03% and a return on equity of 24.35%. Sell-side analysts forecast that Amazon.com will post 19.49 earnings per share for the current year.

In other news, CEO Andrew R. Jassy sold 1,726 shares of the stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $1,566.69, for a total value of $2,704,106.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 437 shares of the stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $1,573.11, for a total transaction of $687,449.07. The disclosure for this sale can be found here. Insiders sold 23,842 shares of company stock valued at $38,549,801 over the last quarter. Insiders own 16.30% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Spence Asset Management lifted its stake in Amazon.com by 127.3% during the fourth quarter. Spence Asset Management now owns 25 shares of the e-commerce giant’s stock valued at $38,000 after purchasing an additional 14 shares during the last quarter. Spirit of America Management Corp NY acquired a new stake in Amazon.com during the third quarter valued at approximately $110,000. Taylor Hoffman Wealth Management lifted its stake in Amazon.com by 192.3% during the third quarter. Taylor Hoffman Wealth Management now owns 76 shares of the e-commerce giant’s stock valued at $152,000 after purchasing an additional 50 shares during the last quarter. Capital Investment Services of America Inc. acquired a new stake in Amazon.com during the third quarter valued at approximately $200,000. Finally, Chessman Wealth Strategies RIA acquired a new stake in Amazon.com during the third quarter valued at approximately $200,000. Institutional investors and hedge funds own 55.57% 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.

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Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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