The shares of Amazon.com, Inc. (NASDAQ:AMZN) has been pegged with a rating of Buy by BofA/Merrill in its latest research note that was published on January 9th, 2019. The research company has also assigned a $2100 price target. BofA/Merrill wasn’t the only research firm that published a report of Amazon.com, Inc., with other equities research analysts also giving their opinion on the stock. Pivotal Research Group advised investors in its research note published on January 7th, 2019, to Buy the AMZN stock while also putting a $1920 price target. The stock had earned Buy rating from Aegis Capital when it published its report on October 30th, 2018. That day the Aegis Capital set price target on the stock to $2225. The stock was given Mkt Outperform rating by JMP Securities in its report released on October 29th, 2018, the day when the price target on the stock was placed at $2050. Barclays was of a view that AMZN is Overweight in its latest report on October 26th, 2018 while giving it a price target of $1950. Credit Suisse thinks that AMZN is worth Outperform rating. This was contained in the firm’s report on October 22nd, 2018 in which the stock’s price target was also moved to $2400.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 2 believe it has the potential for further growth, thus rating it as Hold while 23 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $2128.16. The price of the stock the last time has raised by 30.57% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 55.40.
The shares of the company dipped by -0.95% during the trading session on Friday, reaching a low of $1636.22 while ending the day at $1640.56. During the trading session, a total of 4.66 million shares were traded which represents a 39.77% incline from the average session volume which is 7.74M shares. AMZN had ended its last session trading at 1656.22. Amazon.com, Inc. currently has a market cap of $809.85B, while its P/E ratio stands at 100.98, while its P/E earnings growth sits at 3.67, with a beta of 1.64. Amazon.com, Inc. debt-to-equity ratio currently stands at 1.21, while its quick ratio hovers at 0.80. AMZN 52-week low price stands at $1256.46 while its 52-week high price is $2050.50.
The company in its last quarterly report recorded $5.75 earnings per share which is above the $3.12 predicted by most analysts. The Amazon.com, Inc. generated $56,576.00 million in revenue during the last quarter, which is slightly lower than the $57,057.20 million predicted by analysts. In the second quarter last year, the firm recorded $5.07 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 11.83%. Amazon.com, Inc. has the potential to record 16.25 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Citigroup published a research note on January 9th, 2019 where it informed investors and clients that The Bank of New York Mellon Corporation (NYSE:BK) is now rated as Neutral. Pivotal Research Group also rated BK as Initiated on January 7th, 2019, with its price target of suggesting that BK could surge by 9.39% from its current share price. Even though the stock has been trading at $47.47/share, analysts expect it to surge higher by 1.29% to reach $53.06/share. It started the day trading at $48.29 and traded between $46.86 and $48.08 throughout the trading session.
A look at its technical shows that BK’s 50-day SMA is 48.15 while its 200-day SMA stands at 51.94. The stock has a high of $58.99 for the year while the low is $43.67. The company’s P/E ratio currently sits at 13.72, while the P/B ratio is 1.26. The company’s average trading volume currently stands at 6.82M shares, which means that the short-interest ratio is just 2.79 days. Over the past seven days, the company moved, with its shift of 0.35%. Looking further, the stock has dropped -5.21% over the past 90 days while it lost -10.13% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Berkshire Hathaway Inc bought more BK shares, increasing its portfolio by +20.14% during the last quarter. This move now sees Berkshire Hathaway Inc purchasing 13,049,100 shares in the last quarter, thus it now holds 77,849,476 shares of BK, with a total valuation of $3,664,374,835. The Vanguard Group Inc meanwhile sold more BK shares in the recently filed quarter, changing its stake to $2,996,787,803 worth of shares. Dodge Cox followed the path by decreasing its BK portfolio by -0.39% in the quarter. This means that Dodge Cox sold -171,640 shares in the last quarter and now controls 43,947,951 shares of the BK stock, with the valuation hitting $2,068,630,054.
Similarly, BlackRock Fund Advisors decreased its The Bank of New York Mellon Corporation shares by -6.14% during the recently filed quarter. After selling -2,459,076 shares in the last quarter, the firm now controls 37,596,124 shares of The Bank of New York Mellon Corporation which are valued at $1,769,649,557. In the same vein, Massachusetts Financial Services decreased its The Bank of New York Mellon Corporation shares by during the most recent reported quarter. The firm sold -68,190 shares during the quarter which decreased its stakes to 35,169,392 shares and is now valued at $1,655,423,281. Following these latest developments, around of The Bank of New York Mellon Corporation stocks are owned by institutional investors and hedge funds.