Amazon.com (NASDAQ:AMZN) had its price objective hoisted by research analysts at Morgan Stanley from $3,450.00 to $3,750.00 in a report released on Friday, Marketbeat Ratings reports. The brokerage presently has an “overweight” rating on the e-commerce giant’s stock. Morgan Stanley’s price target would suggest a potential upside of 18.50% from the stock’s current price.
Other equities analysts also recently issued research reports about the company. Citigroup upped their price target on Amazon.com from $2,700.00 to $3,550.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. China International Capital upped their price target on Amazon.com from $1,850.00 to $2,162.00 in a research report on Wednesday, May 6th. Wells Fargo & Co upped their price target on Amazon.com from $3,000.00 to $3,600.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. Mizuho reissued a “buy” rating on shares of Amazon.com in a report on Tuesday, July 21st. Finally, KeyCorp increased their price objective on Amazon.com from $3,285.00 to $3,500.00 and gave the company an “overweight” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. Amazon.com presently has an average rating of “Buy” and an average target price of $3,240.51.
NASDAQ AMZN opened at $3,164.68 on Friday. The business has a 50 day simple moving average of $2,884.55 and a 200 day simple moving average of $2,314.52. Amazon.com has a 52-week low of $1,626.03 and a 52-week high of $3,344.29. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.84 and a current ratio of 1.08. The stock has a market cap of $1,578.47 billion, a price-to-earnings ratio of 121.67, a PEG ratio of 5.83 and a beta of 1.32.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $8.56. Amazon.com had a return on equity of 21.51% and a net margin of 4.10%. The firm had revenue of $88.91 billion during the quarter, compared to the consensus estimate of $81.56 billion. On average, analysts predict that Amazon.com will post 20.12 EPS for the current year.
In related news, CEO Andrew R. Jassy sold 6,945 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $2,256.50, for a total value of $15,671,392.50. Following the transaction, the chief executive officer now owns 93,105 shares in the company, valued at $210,091,432.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Indra K. Nooyi purchased 27 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was bought at an average price of $2,806.80 per share, for a total transaction of $75,783.60. Following the transaction, the director now directly owns 707 shares of the company’s stock, valued at approximately $1,984,407.60. The disclosure for this purchase can be found here. 16.10% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Advisor Group Holdings Inc. bought a new position in shares of Amazon.com in the first quarter worth $294,639,000. Geode Capital Management LLC boosted its stake in Amazon.com by 2.5% in the first quarter. Geode Capital Management LLC now owns 6,048,684 shares of the e-commerce giant’s stock valued at $11,768,454,000 after buying an additional 147,641 shares in the last quarter. Capital International Investors boosted its stake in Amazon.com by 7.3% in the first quarter. Capital International Investors now owns 4,599,769 shares of the e-commerce giant’s stock valued at $8,968,262,000 after buying an additional 312,549 shares in the last quarter. Capital Research Global Investors boosted its stake in Amazon.com by 10.7% in the first quarter. Capital Research Global Investors now owns 4,501,995 shares of the e-commerce giant’s stock valued at $8,777,634,000 after buying an additional 435,331 shares in the last quarter. Finally, Capital World Investors boosted its stake in Amazon.com by 11.4% in the first quarter. Capital World Investors now owns 4,125,258 shares of the e-commerce giant’s stock valued at $8,043,108,000 after buying an additional 423,738 shares in the last quarter. Institutional investors own 64.54% of the company’s stock.
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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