Institutional Investor’s Anti-Amazon Com Inc (NASDAQ:AMZN) Sentiment In Q2 2019

Amazon.com, Inc. (NASDAQ:AMZN) Logo

Sentiment for Amazon Com Inc (NASDAQ:AMZN)

Amazon Com Inc (NASDAQ:AMZN) institutional sentiment decreased to 1.46 in Q2 2019. Its down -0.09, from 1.55 in 2019Q1. The ratio fall, as 896 funds opened new or increased positions, while 614 sold and trimmed equity positions in Amazon Com Inc. The funds in our partner’s database now have: 266.06 million shares, up from 264.58 million shares in 2019Q1. Also, the number of funds holding Amazon Com Inc in their top 10 positions increased from 564 to 583 for an increase of 19. Sold All: 44 Reduced: 570 Increased: 747 New Position: 149.

Amazon.com, Inc. engages in the retail sale of consumer products and subscriptions in North America and internationally. The company has market cap of $909.84 billion. It operates through the North America, International, and Amazon Web Services divisions. It has a 76.31 P/E ratio. The firm sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

The stock decreased 0.23% or $4.21 during the last trading session, reaching $1839.34. About 1.71 million shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 4.92% since September 13, 2018 and is uptrending. It has outperformed by 4.92% the S&P500.

Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on October, 24. They expect $4.60 EPS, down 20.00 % or $1.15 from last year’s $5.75 per share. AMZN’s profit will be $2.28 billion for 99.96 P/E if the $4.60 EPS becomes a reality. After $5.22 actual EPS reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts -11.88 % negative EPS growth.

Jw Asset Management Llc holds 18.88% of its portfolio in Amazon.com, Inc. for 18,552 shares. Oakmont Corp owns 59,139 shares or 17% of their US portfolio. Moreover, Brighton Jones Llc has 16.77% invested in the company for 75,986 shares. The Florida-based Glaxis Capital Management Llc has invested 15.6% in the stock. Gruss & Co Inc, a Florida-based fund reported 7,550 shares.

Amazon.com, Inc. (NASDAQ:AMZN) Ratings Coverage

Ratings analysis reveals 100% of Amazon.com’s analysts are positive. Out of 9 Wall Street analysts rating Amazon.com, 9 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $1965 while the high is $260000. The stock’s average target of $2238.50 is 21.70% above today’s ($1839.34) share price. AMZN was included in 15 notes of analysts from March 15, 2019. The rating was maintained by Cowen & Co on Tuesday, March 26 with “Buy”. KeyBanc Capital Markets upgraded the stock to “Overweight” rating in Friday, March 15 report. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Buy” rating given on Tuesday, March 19 by Bank of America. As per Thursday, March 21, the company rating was maintained by DA Davidson. The firm earned “Buy” rating on Friday, June 21 by RBC Capital Markets. As per Friday, August 2, the company rating was reinitiated by M Partners. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, September 3. The firm earned “Buy” rating on Monday, March 18 by Wells Fargo.

More notable recent Amazon.com, Inc. (NASDAQ:AMZN) news were published by: Benzinga.com which released: “Shopify Will Acquire 6 River Systems For $450 million – Benzinga” on September 11, 2019, also Nasdaq.com with their article: “Amazon (AMZN) Outpaces Stock Market Gains: What You Should Know – Nasdaq” published on September 12, 2019, Nasdaq.com published: “Will Cargojet Deal Help Amazon (AMZN) in the Delivery Race? – Nasdaq” on August 27, 2019. More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) were released by: Nasdaq.com and their article: “A Big Bet on India and Southeast Asia Will Give AMZN Its Next Leg Up – Nasdaq” published on September 11, 2019 as well as Nasdaq.com‘s news article titled: “Amazon.com Breaks Below 200-Day Moving Average – Notable for AMZN – Nasdaq” with publication date: August 23, 2019.

Amazon.com, Inc. (NASDAQ:AMZN) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.