News coverage about Amazon.com (NASDAQ:AMZN) has been trending neutral this week, InfoTrie Sentiment reports. The research group rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Amazon.com earned a media sentiment score of 0.39 on their scale. InfoTrie also assigned headlines about the e-commerce giant an news buzz score of 2 out of 10, indicating that recent press coverage is very unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have effected Amazon.com’s analysis:
- UPDATE 6-Jeff Bezos keeps Amazon voting power in divorce settlement (feeds.reuters.com)
- Target Increases its minimum hourly wage to $13 from $12 (americanbankingnews.com)
- Amazon’s Jeff Bezos and Spouse MacKenzie finalize divorce (americanbankingnews.com)
- Amazon’s Jeff Bezos finalizes divorce with Spouse MacKenzie (americanbankingnews.com)
- U.S. blocks Amazon efforts to stop shareholder votes on facial recognition – Reuters (reuters.com)
Shares of NASDAQ:AMZN opened at $1,818.86 on Friday. Amazon.com, Inc. has a 12 month low of $1,307.00 and a 12 month high of $2,050.50. The company has a market cap of $891.03 billion, a P/E ratio of 90.31, a PEG ratio of 2.16 and a beta of 1.63. The company has a current ratio of 1.10, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, January 31st. The e-commerce giant reported $6.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $5.55 by $0.49. The firm had revenue of $72.38 billion for the quarter, compared to analysts’ expectations of $71.73 billion. Amazon.com had a return on equity of 27.02% and a net margin of 4.33%. During the same quarter in the previous year, the company earned $2.16 earnings per share. As a group, analysts anticipate that Amazon.com, Inc. will post 26.96 earnings per share for the current fiscal year.
A number of brokerages have commented on AMZN. CIBC lifted their target price on Amazon.com from $1,975.00 to $2,085.00 and gave the company an “outperform” rating in a research note on Monday. Oppenheimer lifted their target price on Amazon.com from $1,975.00 to $2,085.00 and gave the company an “outperform” rating in a research note on Monday. BidaskClub upgraded Amazon.com from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. Evercore ISI began coverage on Amazon.com in a research note on Wednesday, March 20th. They issued an “outperform” rating and a $1,965.00 target price for the company. Finally, Wells Fargo & Co set a $2,100.00 target price on Amazon.com and gave the company a “buy” rating in a research note on Monday, March 18th. Four equities research analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $2,116.79.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 1,645 shares of the company’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $1,614.65, for a total value of $2,656,099.25. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $16,146,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $1,811.14, for a total value of $3,622,280.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $18,111,400. The disclosure for this sale can be found here. Insiders sold 7,075 shares of company stock worth $11,802,708 in the last ninety days. 16.30% of the stock is owned by corporate insiders.
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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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