AMZN Stock Bestowed With A Rating ‘Buy’ By The Analysts

AMZN Inc (NASDAQ: AMZN) received a consensus ‘buy’ recommendation from 55 firms. The company has an average $3,552.18 price objective for 12 months from brokerages.

The company started from $3,172.69 with the market cap being $1.59T. Their lowest in 1 year is $1,626.03 while the highest is $3,552.25. Their current, quick, and leverage ratio is 1.11, 0.88, and 0.40. Their 50-day rolling average stands at $3,168.57 while the 200-day is at $3,101.33.

According to the 3rd November report, the company has a quarterly EPS earnings of $12.37 that topped the $7.41 consensus estimate by almost $4.96. Their net margin was 4.9% with 24.49% equity return. Their quarterly revenue was $96.15B, surpassing the $92.56B estimate.

Ventures Of AMZN Stock

Pivotal research increased the price objective of Amazon stock to $4,500 from $3,925 and gave a rating of ‘buy’. Deutsche Bank raised the price target of Amazon stock to $4,050 from $4,000 and issued a rating of ‘buy’. BidaskClub demoted the rating for Amazon to ‘sell’ from ‘hold’. Royal Canada Bank reassigned the rating of ‘buy’ for the Amazon shares. Credit Suisse reissued the rating of ‘buy’ as well.

Indra Nooyi, the Director, bought 8 AMZN shares at $3,208.60 EPS worth $25,668.80. Jeffrey Wilke, the CEO, sold off 2,000 AMZN shares at $3,200.59 worth $6,401,180. Insiders own 16.10% Amazon stock.

Great-West Assurance raised their holdings on AMZN stock by almost 10,079.3% during Q3, owning shares worth $1,079,517,000. SB Management purchased a new position and now owns $6,331,054,000 worth of shares. Bank of NY Mellon Corp increased their stake by approximately 18.5%, owning shares priced at $12,459,236,000. Arrowstreet Cap. Ltd. Partnership raised its holdings by almost 120%, owning shares priced at $3,328,545,000. Softbank Group bought a new position and now owns $1,044,131,000 worth of shares. 52.82% of AMZN stock is owned by hedge funds and institutional investors.