Smart Money Buying the Price Weakness of Amazon.com, Inc

Smart Money Buying the Price Weakness of Amazon.com, Inc

Smart Money Buying the Price Weakness of Amazon.com, Inc

Amazon.com, Inc. (NASDAQ:AMZN) was upgraded by stock analysts at Vetr from a "hold" rating to a "buy" rating in a report issued on Thursday. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 2.30 on scale of 1-5. Vetr's target price points to a potential upside of 4.15% from the stock's previous close.

Several analysts recently commented on AMZN shares. JMP Securities reaffirmed a "positive" rating on shares of Amazon.com in a research note on Friday, February 3rd. Citigroup Inc cut their price objective on shares of Amazon.com from $965.00 to $960.00 and set a "buy" rating for the company in a research note on Monday, November 28th. Goldman Sachs Group Inc reissued a "buy" rating and issued a $1,010.00 price target on shares of Amazon.com in a research report on Thursday, December 29th. Cantor Fitzgerald reaffirmed a "buy" rating and issued a $1,000.00 price objective on shares of Amazon.com in a research note on Saturday, December 10th. The consensus target price is $802.92 with 13 firms rating the stock a strong buy, 28 firms rating the stock a buy, 4 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell. The stock now has a consensus rating of "Buy" and an average target price of $939.36. Amazon.com, Inc. stock trades in the range of $847.11 to $854.45 before the earnings release. Its 52-week High Value is $860.86 while its 52-week Low value is $538.58.

On 9/22/2016 Andrew R Jassy, CEO, sold 14,000 with an average share price of $800.00 per share and the total transaction amounting to $11,200,000.00. This company shares are 10.42% off its target price of $942.32 and the current market capitalization stands at $407.48B. The e-commerce giant is still rated at Overweight by Pac Crest. The company earned $43.74 billion during the quarter, compared to analysts' expectations of $44.66 billion. The current share price indicate that stock is 1.57% away from its one year high and is moving 36.01% ahead of its 52-week low. The business's revenue was up 22.4% compared to the same quarter past year. (AMZN) managed to surpass quarterly earnings per share estimates in 8 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 66%. Also, Director Tom A. Alberg sold 590 shares of the stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total value of $501,500.00. Similar statistics are true for the second largest owner, Price T Rowe Associates Inc /Md/, which owns 20,919,431 shares of the stock are valued at $17.84 billion. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Second judge blocks revised Trump travel ban
The case is one of several moving through U.S. courts, brought by states' attorneys general and immigrant advocacy groups. Noting that the populations of the countries is over 90% Muslim, the judge found the order still amounts to a Muslim ban.

In other news, insider David Zapolsky sold 503 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 21st. Following the sale, the insider now owns 2,523 shares of the company's stock, valued at $2,144,550. The disclosure for this sale can be found here.

Hedge funds and other institutional investors own 65.08% of the company's stock. Cape Cod Five Cents Savings Bank raised its stake in Amazon.com by 0.6% in the third quarter. Asset Management One Co. Reilly Financial Advisors LLC raised its stake in shares of Amazon.com by 0.4% in the third quarter. Israel Discount Bank of New York GFN purchased a new position in Amazon.com during the fourth quarter worth about $212,000. Affinity Wealth Management now owns 578 shares of the e-commerce giant's stock worth $484,000 after buying an additional 3 shares in the last quarter. CAM Group Holding A S bought a new stake in Amazon.com during the third quarter worth about $244,252,000. Finally, Ruane Cunniff & Goldfarb Inc. acquired a new position in Amazon.com during the fourth quarter worth $335,571,000.

Recommended News

  • Industrial output flat in February, held down by utility production

    Industrial output flat in February, held down by utility production

    The output of motor vehicles and parts rebounded 0.8 percent after a 0.8 percent decrease the previous month. This followed a revised 0.1% decline in January, a bit faster than the original reading of a 0.3% decline.

    NCAA Tournament: The Round of 32 continues

    How to listen: You can listen to the game on AM 950, WWJ beginning at 12:10 p.m. or on Sirius XM Channel 134, Sirius Internet 961. At the under four media timeout, Kansas began to create some space from MSU thanks to a 13-2 run to push their lead out to 36-27.

    Trump shuns shaking Merkel's hand during Oval Office encounter

    Germany , on the other hand, had a record-high trade surplus of $270 billion past year - its highest since after World War II. Mrs Merkel sought to break the ice, saying that it was "much better to talk to one another than about one another".
  • Samsung Galaxy S8 Will Use Facial Recognition to Authenticate Mobile Payments

    The company is now working with banks and partners to embrace this new technology, which will likely take some months to complete. With just days left from the revealing of its first ever look, the handset has now been involved with a new potential leak .
    'Unprecedented' security rolled out for Pakistan final

    'Unprecedented' security rolled out for Pakistan final

    Eight people died in a 2009 militant attack on the Sri Lankan team in Lahore , which ended worldwide cricket tours to Pakistan. He visited Pakistan in January and was given briefings on security arrangements for visiting sides.
    Rokita votes to advance health care bill in Congress — IN Focus

    Rokita votes to advance health care bill in Congress — IN Focus

    In order to avoid a filibuster by the Democrats, the Republicans are forced to use a procedure called " budget reconciliation". The insurance company has little or no control over the provider set costs, thus having to raise policy premiums and co-pays.
  • Kim Jong-Un declares 'new birth' in North Korea's rocket program

    A North Korean military unit tasked with striking U.S. bases in Japan was involved in those launches, the state news agency said. North Korea has dominated Tillerson's agenda, with Washington seeking new ways to scupper Pyongyang's nuclear ambitions.
    United Kingdom  ambassador to Indonesia summoned over coral damage

    United Kingdom ambassador to Indonesia summoned over coral damage

    A 2002 report from Conservation International said it was home to almost 1,400 varieties of fish and 603 species of coral. The eastern region is famous for its biodiversity and the boat was taking tourists on a bird-watching expedition.

    Merkel and Trump clash over refugees in first meeting

    Mr Trump backed Britain's departure from the European Union and has expressed scepticism of multilateral trade agreements. When the topic moved to trade, Trump said the US would do "fantastically well" in its trade relations with Germany .
  • Arsenal Ready To Battle Chelsea & Spurs Over Bargain £10m Midfielder Deal

    Lukaku, who is the EPL's joint-top scorer with 19 goals this season, said he wanted to play in the UEFA Champions League. Morgan tweeted after Saturday's dismal defeat: "Maybe Koeman should replace Wenger & bring Lukaku with him".
    Were you on hold with Dallas 911? Tell us your story

    Were you on hold with Dallas 911? Tell us your story

    Call backs to those phones show that the phones were repeatedly calling 9-1-1 on their own after the TMOB customer opened a TWEET. Retweets and reposts by others would automatically generate more calls, inundating 911 centers in many parts of the country.
    Derry City FC skipper Ryan McBride dies aged 27

    Derry City FC skipper Ryan McBride dies aged 27

    There have been widespread tributes to Derry City FC Captain Ryan McBride who has been found dead aged 27 tonight. Galway United midfielder Gavan Holohan wrote: "Can't believe the tragic news I've just heard about Ryan Mcbride.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.