Trump Lobs Another Threat at Amazon, Driving Down Ecommerce Giant's Stock Again

Trump and Bezos

The e-commerce giant reported $2.16 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.31. It improved, as 69 investors sold AMZN shares while 578 reduced holdings. In July, the president mused about whether the newspaper was "being used as a lobbyist weapon" to keep Congress from looking into Amazon's business practices. Following the completion of the transaction, the vice president now directly owns 6,533 shares in the company, valued at approximately $9,553,336.56. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 24,535,840 shares of the stock are valued at $35.51 billion. That wiped about $75 billion from Amazon's market capitalization. Venturi Wealth Management LLC increased its position in shares of Amazon.com by 0.3% during the 2nd quarter. NC now owns 12,152 shares of the e-commerce giant's stock worth $14,211,000 after buying an additional 615 shares during the last quarter. Lee Financial Co now owns 135 shares of the e-commerce giant's stock valued at $130,000 after acquiring an additional 100 shares during the last quarter.

Amazon.com, Inc. (AMZN) has been given an average price target of $1670.66 from analysts, according to data collected by Finviz. The analysts noted that the move was a valuation call. Finally, Barclays restated an "overweight" rating and set a $1,580.00 target price on shares of Amazon.com in a report on Friday, February 2nd.

Shares of Amazon.com (AMZN) traded up $27.03 during trading on Wednesday, hitting $1,578.89. Citigroup maintained the shares of AMZN in report on Monday, November 28 with "Buy" rating. Origin Asset Management Ltd Liability Partnership holds 2.09% of its portfolio in Amazon.com, Inc. The company has an average rating of "Buy" and an average price target of $1,481.38. BMO Capital Markets upped their target price on Amazon.com to $1,600.00 and gave the company an "outperform" rating in a report on Tuesday, January 16th. (NASDAQ:AMZN) to report earnings on April, 26. Vetr raised Amazon.com from a "hold" rating to a "buy" rating and set a $1,655.33 target price on the stock in a research report on Thursday, March 15th. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. The firm had revenue of $60.45 billion during the quarter, compared to analysts' expectations of $59.85 billion. Year to Date performance value (YTD perf) value is 23.76%. The business's revenue for the quarter was up 38.2% on a year-over-year basis. analysts forecast that Amazon.com, Inc. will post 8.49 earnings per share for the current fiscal year. The Stock now has a Weekly Volatility of 5.08% and Monthly Volatility of 2.65%. The valid range indicator is the greatest of the following: current high less the current low, the absolute value of the current topless the previous close and the total cost of the current small less the past end. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The shares were sold at an average price of $1,500.00, for a total transaction of $1,005,000.00. The disclosure for this sale can be found here.

More news: Roseanne revival: Trump's name won't be spoken at all in first season

Trump's assault on the company heated up last week via Twitter (TWTR).

A number of institutional investors have recently made changes to their positions in the stock. If you are reading this article on another publication, it was copied illegally and reposted in violation of USA & global trademark & copyright legislation. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments.

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