Several other institutional investors have also modified their holdings of AMZN. JMP Securities restated an "outperform" rating and set a $1,350.00 price target (up previously from $1,240.00) on shares of Amazon.com in a research report on Tuesday, December 19th. Argus lowered their price target on Amazon.com from $1,550.00 to $1,392.05 and set a fair value rating on the stock in a report on Wednesday.
WARNING: "Amazon.com's (NASDAQ:AMZN) Buy Rating Reiterated at Jefferies Group" was reported by Enterprise Leader and is the sole property of of Enterprise Leader.
Amazon shares are up 1.6%.
When looking at the performance of Amazon.com, Inc., you have to understand the macro picture.
Despite the fact that a low P/E ratio may make a stock look like a good buy, factoring in the company's growth rate to get the stock's PEG ratio can tell a different story. Canaccord Genuity reaffirmed a "buy" rating and set a $1,650.00 price objective (up from $1,500.00) on shares of Amazon.com in a research note on Friday, February 2nd. At the same time as, it has debt to equity ratio of 1.11 and similar long term debt to equity ratio was 0.89.
Taking a look at another technical level, Amazon.com, Inc.
(NASDAQ:AMZN) last issued its earnings results on Thursday, February 1st. The hedge fund run by Steve Pei held 21,085 shares of the oil refining and marketing company at the end of 2017Q4, valued at $1.35M, down from 30,563 at the end of the previous reported quarter. The company had revenue of $60.45 billion during the quarter, compared to the consensus estimate of $59.85 billion. This suggests that analysts expect Amazon.com's return per dollar of equity will exceed the industry due to the earnings attributes identified in our margin analysis.
The Wall Street Journal reports that Amazon Web Service's cloud computing contracts with the government could be worth as much as $2.8 billion this year and $4.6 billion by 2019.
Amazon.com, Inc. (AMZN) is an interesting player in the Services space, with a focus on Catalog & Mail Order Houses. (NASDAQ:AMZN) by 1.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). Another trade for 544 shares valued at $795,502 was sold by Reynolds Shelley. The formula for calculating the price-earnings ratio for any stock is simple: the market value per share divided by the earnings per share (EPS). Following the completion of the transaction, the vice president now owns 6,533 shares in the company, valued at approximately $9,553,336.56. The disclosure for this sale can be found here. To cut down amount of noise on price chart, shares of firm has 20 days moving average price of -7.79% from last close price of 1410.57 and act as support or resistance of price limit. Increased volatility and interest from bargain investors have put the stock on a number of investor's watchlists of late. Endurance Wealth Management Inc. now owns 105 shares of the e-commerce giant's stock valued at $123,000 after purchasing an additional 50 shares in the last quarter. Green Square Capital LLC raised its stake in shares of Amazon.com by 7.7% during the fourth quarter. Regis Management CO LLC now owns 231 shares of the e-commerce giant's stock valued at $224,000 after buying an additional 2 shares during the period. Noesis Capital Mangement Corp grew its position in Amazon.com by 0.8% during the second quarter.
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