Amazon.com (NASDAQ:AMZN) had its price target increased by equities researchers at Oppenheimer from $2,700.00 to $3,500.00 in a report issued on Friday, The Fly reports. The firm currently has an “outperform” rating on the e-commerce giant’s stock. Oppenheimer’s price objective would suggest a potential upside of 10.60% from the company’s current price.
Other analysts have also recently issued research reports about the company. Deutsche Bank increased their target price on Amazon.com from $2,750.00 to $3,333.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Guggenheim lifted their price objective on shares of Amazon.com from $2,250.00 to $2,700.00 and gave the company a “buy” rating in a research report on Friday, May 1st. William Blair restated a “buy” rating on shares of Amazon.com in a research report on Monday, June 22nd. Wells Fargo & Co lifted their price target on shares of Amazon.com from $3,000.00 to $3,600.00 and gave the company an “overweight” rating in a report on Monday, July 27th. Finally, Telsey Advisory Group boosted their price target on shares of Amazon.com from $2,800.00 to $3,600.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. One analyst has rated the stock with a sell rating, six have given a hold rating, forty-five have given a buy rating and one has assigned a strong buy rating to the company. Amazon.com presently has an average rating of “Buy” and an average price target of $3,240.51.
Shares of NASDAQ:AMZN opened at $3,164.68 on Friday. The firm’s 50 day simple moving average is $2,884.55 and its two-hundred day simple moving average is $2,314.52. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.08 and a quick ratio of 0.84. The company has a market capitalization of $1,578.47 billion, a P/E ratio of 121.67, a P/E/G ratio of 5.83 and a beta of 1.32. Amazon.com has a 1-year low of $1,626.03 and a 1-year high of $3,344.29.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share for the quarter, topping the consensus estimate of $1.74 by $8.56. Amazon.com had a net margin of 4.10% and a return on equity of 21.51%. The company had revenue of $88.91 billion during the quarter, compared to the consensus estimate of $81.56 billion. On average, sell-side analysts anticipate that Amazon.com will post 20.12 earnings per share for the current fiscal year.
In other news, Director Indra K. Nooyi acquired 27 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was purchased at an average cost of $2,806.80 per share, for a total transaction of $75,783.60. Following the completion of the acquisition, the director now directly owns 707 shares of the company’s stock, valued at approximately $1,984,407.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Patricia Q. Stonesifer sold 2,200 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $2,329.44, for a total transaction of $5,124,768.00. Following the completion of the sale, the director now directly owns 4,645 shares of the company’s stock, valued at $10,820,248.80. The disclosure for this sale can be found here. Insiders own 16.10% of the company’s stock.
Several large investors have recently bought and sold shares of AMZN. Gantzert Investment Co. LLC ADV bought a new position in shares of Amazon.com during the second quarter valued at approximately $28,000. Sofos Investments Inc. lifted its holdings in Amazon.com by 120.0% during the first quarter. Sofos Investments Inc. now owns 121 shares of the e-commerce giant’s stock worth $31,000 after buying an additional 66 shares during the period. Deane Retirement Strategies Inc. boosted its position in Amazon.com by 142.9% during the 1st quarter. Deane Retirement Strategies Inc. now owns 17 shares of the e-commerce giant’s stock valued at $33,000 after acquiring an additional 10 shares in the last quarter. Your Advocates Ltd. LLP purchased a new position in shares of Amazon.com in the 1st quarter valued at $37,000. Finally, James Investment Research Inc. purchased a new position in shares of Amazon.com in the 2nd quarter valued at $55,000. Institutional investors and hedge funds 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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