Amazon.com, Inc. (AMZN) Stock Rating Reaffirmed by Needham & Company LLC
- Author: Zachary Reyes May 31, 2017,
May 31, 2017, 10:33
The United American Securities Inc holds 14,636 shares with $10.98M value, down from 15,196 last quarter. The company has a market cap of $476.40 billion, a P/E ratio of 187.70 and a beta of 1.40. Jefferies maintained it with "Hold" rating and GBX 176 target in Wednesday, May 3 report.
About 873,098 shares traded. Blackrock New Jersey Municipal Income Tr (BNJ) has declined 5.00% since May 30, 2016 and is downtrending. It has outperformed by 78.49% the S&P500. (AMZN) stake by 63.96% reported in 2016Q4 SEC filing. Rainier Investment Management Llc sold 62,210 shares as Devon Energy Corp New (DVN)'s stock declined 13.09%. Following the transaction, the director now directly owns 21,855 shares in the company, valued at approximately $20,553,534.75.
Amazon's market capitalisation stood at about $478 billion, more than twice that of Wal-Mart Stores. The stock increased 0.09% or $0.92 during the last trading session, reaching $996.7. About 2,835 shares traded. The original version of this news story can be read at https://www.themarketsdaily.com/2017/05/31/amazon-com-inc-amzn-given-buy-rating-at-needham-company-llc-updated-updated-updated.html. It has outperformed by 20.71% the S&P500.
Among 29 analysts covering Amazon.com (NDAQ:AMZN), 27 have Buy rating, 0 Sell and 2 Hold. Therefore 100% are positive. Amazon.com had 142 analyst reports since July 21, 2015 according to SRatingsIntel. On Friday, July 29 the stock rating was maintained by Citigroup with "Buy". The firm has "Outperform" rating by RBC Capital Markets given on Friday, October 28. The rating was downgraded by Raymond James to "Outperform" on Tuesday, March 22. Moreover, Fulton Bankshares Na has 0.05% invested in Amazon.com, Inc. (NASDAQ:AMZN) has "Buy" rating given on Monday, May 1 by Cantor Fitzgerald. The company was maintained on Tuesday, January 12 by Credit Suisse.
Amazon.com, Inc offers a range of products and services through its Websites.
Zweig stated it has 3% in Amazon.com, Inc. Amalgamated Bankshares owns 1.43% invested in Amazon.com, Inc. The e-commerce giant had 80 million Prime subscribers during the first quarter of 2017, up 38% from the same period a year ago. 626 Amazon.com, Inc. (NASDAQ:AMZN) shares with value of $524,339 were sold by Reynolds Shelley. "(AMZN) Didn't Kill Brick and Mortar Retailers â€" They Killed ..." with publication date: "May 29, 2017. Coatue Management Lc holds 273,298 shares or 2.43% of its portfolio. It turned negative, as 126 investors sold AMZN shares while 478 reduced holdings.
Since December 9, 2016, it had 0 insider buys, and 21 insider sales for $978.00 million activity. Shares for $2.24 million were sold by Olsavsky Brian T. (NASDAQ:AMZN). Ruane Cunniff Goldfarb Incorporated reported 3.15% stake. Insiders sold a total of 1,007,910 shares of company stock valued at $948,326,337 over the last ninety days. Also, insider David Zapolsky sold 505 shares of the company's stock in a transaction that occurred on Tuesday, May 2nd. The firm earned "Outperform" rating on Friday, April 7 by Robert W. Baird. $3.75 million worth of stock was sold by WILKE JEFFREY A on Friday, December 9.
Investors sentiment decreased to 1.26 in Q4 2016. The e-commerce giant reported $1.48 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.03 by $0.45. Staley Capital Advisers invested in 0.07% or 919 shares.
Several hedge funds have recently added to or reduced their stakes in the company. Private Commercial Bank accumulated 2,611 shares. Df Dent And accumulated 63,917 shares. Envestnet Asset Mngmt has invested 0.1% in Amazon.com, Inc. The company has an average rating of "Buy" and a consensus price target of $1,009.43. The Us-based Grandeur Peak Glob Advisors has invested 0.1% in Amazon.com, Inc. (NASDAQ:AMZN) or 530 shares. The SI to Plumas Bancorp Quincy CA's float is 0.11%. Prudential Public Limited Com invested in 144,476 shares or 0.38% of the stock. Foundry Partners Llc owns 214,220 shares or 0.05% of their U.S. portfolio. The Puzo Michael J holds 45,525 shares with $5.27M value, up from 41,290 last quarter. 295 were accumulated by Cypress Cap Mngmt Lc. Utah Retirement Sys reported 1.35% stake. (NASDAQ:AMZN) for 532 shares. Meiji Yasuda Life Insurance Co stated it has 1.2% in Amazon.com, Inc.
Investors sentiment decreased to 1.01 in 2016 Q4. Axiom Capital has "Buy" rating and $811 target. Taylor Jeffrey Louis had sold 1,000 shares worth $91,226. Beech Hill reported 3,041 shares. Blackburn Jeffrey M also sold $1.99 million worth of Amazon.com, Inc. Therefore 72% are positive. Energy Transfer Equity LP had 20 analyst reports since October 27, 2015 according to SRatingsIntel. The company was maintained on Friday, July 29 by Deutsche Bank. The stock has "Buy" rating by Stifel Nicolaus on Friday, October 23. The rating was maintained by JP Morgan with "Buy" on Monday, May 1. The rating was reinitiated by Piper Jaffray on Tuesday, January 3 with "Overweight". Five investment analysts have rated the stock with a hold rating and forty-five have given a buy rating to the stock. 403.62 million shares or 2.20% more from 394.94 million shares in 2016Q3 were reported.
Johnson Investment Counsel Inc decreased Spdr Gold Trust (GLD) stake by 11,917 shares to 26,416 valued at $2.90 million in 2016Q4.