Economy

Sells 496 Shares of Amazon.com, Inc

The firm presently has a $1,244.00 target price on the e-commerce giant's stock. Year to date, the stock has underperformed the industry it belongs to. Amazon has a solid loyalty system in Prime and its FBA strategy, and content addition continues to add selection to Prime memberships. It also manufactures and sells electronic devices. "However, increased expenses and competition in online retail remains concern".

AMZN has been the subject of several other reports. October 27 investment analysts at Stifel Nicolaus left the stock rating at "Buy" but lowered the price target to $1.00 from $775.00. Finally, Vetr lowered Amazon.com from a "buy" rating to a "hold" rating and set a $1,079.96 price target for the company.in a research note on Monday.

On October 27 the stock rating was upgraded from "Outperform" to "Buy" with a current price target of $1.00 in an announcement from Raymond James.

U.S. based company Amazon.com, Inc. Canaccord Genuity maintained the shares of AMZN in report on Friday, October 28 with "Buy" rating. On October 27 Citigroup held the company rating at "Buy" but lowered the price expectation from $960.00 to $1.00.

Shares of Amazon.com (NASDAQ AMZN) opened at 1105.28 on Monday. Stock's distance from 52 week High is -1.56% and the distance from 52 week Low is 55.65%.

The stock is trading at $1,105.28 quite a bit higher than $987.81, the stock's 50 day moving average and which is quite a bit higher than the 200 day moving average of $977.91.

The company's P/E ratio is 281.10 and market cap is 530.95B.

(NASDAQ:AMZN) last released its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing analysts' consensus estimates of $1.09 by ($0.57). Net profit margin of the company was recorded at 1.3 percent, operating profit margin was 2.3 percent, while gross profit margin stands at 36 percent. The company had revenue of $43.74 billion for the quarter, compared to analyst estimates of $42.26 billion. During the same period in the prior year, the company earned $0.52 earnings per share. In the latest earnings report the EPS was $3.93 and is projected to be $4.24 for the current year with 480,379,000 shares now outstanding. Vestor Capital LLC increased its stake in Amazon.com by 10.1% during the 2nd quarter. "(AMZN)" was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another site, it was copied illegally and reposted in violation of United States & worldwide copyright & trademark laws. Cullen Frost Bankers Inc. lifted its stake in Amazon.com by 1.4% during the second quarter. Waddell & Reed Financial Inc acquired 41,090 shares as Amazon Com Inc (AMZN)'s stock rose 13.58%. The average numbers of shares are traded in a security per day, during the recent 3-month period. Following the sale, the chief executive officer now directly owns 15,312 shares in the company, valued at $15,032,402.88. Also, CEO Jeffrey A. Wilke sold 710 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $987.39, for a total transaction of $701,046.90. Monness Crespi & Hardt raised shares of Amazon.com from a "neutral" rating to a "buy" rating and set a $1,250.00 price target on the stock in a report on Friday, October 27th. The disclosure for this sale can be found here. The average 1-year price objective among brokerages that have covered the stock in the last year is $1,156.61. The short ratio in the company's stock is documented at 1.57 and the short float is around of 1.35%. Whitnell & Co. now owns 109 shares of the e-commerce giant's stock valued at $105,000 after acquiring an additional 93 shares during the period. Beach Investment Management LLC. lifted its stake in Amazon.com by 996.3% during the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant's stock valued at $106,000 after acquiring an additional 10 shares during the period. Finally, Mountain Capital Investment Advisors Inc bought a new stake in Amazon.com during the 2nd quarter valued at about $121,000. Clear Investment Research LLC now owns 732 shares of the e-commerce giant's stock valued at $107,000 after acquiring an additional 731 shares during the period. WealthTrust Arizona LLC increased its stake in Amazon.com by 2.7% during the 2nd quarter. As of the end of the quarter Bollard Group LLC had bought a total of 3,700 shares growing its position 12.3%. The institutional investor held 171,342 shares of the consumer services company at the end of 2017Q2, valued at $165.86M, down from 187,580 at the end of the previous reported quarter.

Amazon.com, Inc offers a range of products and services through its Websites. Moreover, American International Group Inc has 0% invested in the company for 20,301 shares.



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