Amazon.com’s (AMZN) Overweight Rating Reiterated at Morgan Stanley

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Morgan Stanley reaffirmed their overweight rating on shares of Amazon.com (NASDAQ:AMZN) in a report released on Monday morning, BenzingaRatingsTable reports. The firm currently has a $2,200.00 price objective on the e-commerce giant’s stock, down from their previous price objective of $2,300.00.

Several other equities research analysts have also commented on AMZN. Wedbush restated a buy rating and issued a $2,350.00 price objective on shares of Amazon.com in a research report on Monday, July 22nd. UBS Group reaffirmed a buy rating on shares of Amazon.com in a research note on Friday, July 26th. Mizuho reaffirmed a buy rating and set a $2,200.00 target price (up from $2,080.00) on shares of Amazon.com in a research note on Friday, July 26th. Stifel Nicolaus reaffirmed a buy rating and set a $2,300.00 target price on shares of Amazon.com in a research note on Friday, July 26th. Finally, Bank of America reaffirmed a buy rating and set a $2,350.00 target price (up from $2,300.00) on shares of Amazon.com in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and thirty-nine have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $2,249.17.

Amazon.com stock opened at $1,739.84 on Monday. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.44. Amazon.com has a 12 month low of $1,307.00 and a 12 month high of $2,035.80. The stock’s 50 day simple moving average is $1,796.78 and its two-hundred day simple moving average is $1,846.26. The firm has a market cap of $860.63 billion, a PE ratio of 86.39, a P/E/G ratio of 2.27 and a beta of 1.57.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 25th. The e-commerce giant reported $5.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $5.29 by ($0.07). Amazon.com had a return on equity of 26.27% and a net margin of 4.80%. The company had revenue of $63.40 billion during the quarter, compared to analysts’ expectations of $62.59 billion. During the same quarter in the prior year, the company posted $5.07 EPS. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. On average, equities research analysts forecast that Amazon.com will post 24.01 EPS for the current year.

In related news, CEO Jeffrey A. Wilke sold 2,500 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $1,759.03, for a total value of $4,397,575.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $17,590,300. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 379 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,775.43, for a total value of $672,887.97. Following the completion of the transaction, the vice president now directly owns 6,307 shares of the company’s stock, valued at $11,197,637.01. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,514 shares of company stock valued at $56,347,835. 16.10% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Enterprise Trust & Investment Co purchased a new stake in Amazon.com in the 2nd quarter valued at $27,000. Phocas Financial Corp. purchased a new stake in Amazon.com in the 2nd quarter valued at $45,000. Litman Gregory Asset Management LLC purchased a new stake in Amazon.com in the 2nd quarter valued at $53,000. Clear Investment Research LLC grew its holdings in Amazon.com by 27.6% in the 2nd quarter. Clear Investment Research LLC now owns 37 shares of the e-commerce giant’s stock valued at $70,000 after buying an additional 8 shares in the last quarter. Finally, Contravisory Investment Management Inc. grew its holdings in Amazon.com by 20.6% in the 2nd quarter. Contravisory Investment Management Inc. now owns 41 shares of the e-commerce giant’s stock valued at $78,000 after buying an additional 7 shares in the last quarter. 55.71% of the stock is owned by hedge funds and other institutional investors.

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 third-party sellers through physical stores and online stores.

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Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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