Amazon (NASDAQ: AMZN) Has Again Received ‘Buy’ Rating From Analysts

AMZN (NASDAQ: AMZN) has been reassigned a rating of ‘buy’ from UBS Group equities researchers.

On Thursday, Amazon stock started from $3,240.96 with the market cap being $1.63T. The lowest in 52 weeks is $1,626.03 while the highest is $3,552.25. The current, quick, and debt-to-equity quotient are 1.11, 0.88, and 0.40. Their 50-day rolling average stands at $3,151.40 while the 200-day is at $3,071.59.

According to the 3rd November report, the company had quarterly EPS earnings of $12.37, surpassing the $7.41 consensus estimate by almost $4.96. Their net margin was $4.99% with an equity return being 24.49%. Their quarterly revenue was $96.15B that failed to meet the $92.56B estimate.

Ventures Of AMZN Stock

Credit Suisse reassigned a rating of ‘buy’ to Amazon stock. Robert Baird increased the price objective to $3,700 from $3,500. Wolfe Research reinstated a rating of ‘buy’ and assigned a price target of $3,500. JPMorgan Chase&Co. increased it to $4,100 from $4,050 and gave a rating of ‘buy’. Wells Fargo&Co. reissued a rating of ‘buy’ and assigned the price objective of $3,900. The stock of Amazon has the average ‘buy’ recommendation with a $3,587.67 price objective.

Shelley Reynolds, VP, sold off 293 AMZN shares at $3,085.62 EPS worth $904,086.66. Indra Nooyi, the Director, purchased 8 AMZN shares at $3,208.60 EPS worth $25,668.80. 16.10% of the stock is owned by insiders.

Burney Co. raised their holdings on AMZN stock by almost 17.9% in Q3, owning shares worth $14,646,000. Formidable Management increased its stake by approximately 4.8% in Q3, owning $2,476,000 worth of shares. S&Co Inc purchased a new position in Q3 that sums up to $4,115,000. Nvwm LLC increased its holdings by about 0.6% in Q3, owning $9,302,000 worth of shares. Mercer Advisors increased their holdings by almost 19.7% in Q3, owning shares priced at $77,437,000. 52.82% of AMZN stock is owned by institutional investors.