Amazon.com (NASDAQ:AMZN) PT Raised to $3,500.00 at KeyCorp

Amazon.com (NASDAQ:AMZN) had its price target upped by equities researchers at KeyCorp from $3,285.00 to $3,500.00 in a report released on Friday, The Fly reports. The firm currently has an “overweight” rating on the e-commerce giant’s stock. KeyCorp’s price target would suggest a potential upside of 10.60% from the company’s current price.

AMZN has been the subject of a number of other research reports. Wedbush restated a “buy” rating and set a $3,500.00 price target (up previously from $3,050.00) on shares of Amazon.com in a report on Monday, July 27th. Wells Fargo & Co raised their price target on shares of Amazon.com from $3,000.00 to $3,600.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. Tigress Financial restated a “buy” rating on shares of Amazon.com in a report on Wednesday, April 8th. Robert W. Baird raised their price target on shares of Amazon.com from $2,750.00 to $3,300.00 and gave the stock an “outperform” rating in a report on Tuesday, July 7th. Finally, Mizuho restated a “buy” rating on shares of Amazon.com in a report on Tuesday, July 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating, forty-five have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $3,240.51.

AMZN stock opened at $3,164.68 on Friday. The company 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. The company has a current ratio of 1.08, a quick ratio of 0.84 and a debt-to-equity ratio of 0.36. Amazon.com has a 12 month low of $1,626.03 and a 12 month high of $3,344.29. The firm has a 50-day moving average of $2,884.55 and a two-hundred day moving average of $2,314.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $10.30 EPS for the quarter, beating the Zacks’ consensus estimate of $1.74 by $8.56. The company had revenue of $88.91 billion during the quarter, compared to the consensus estimate of $81.56 billion. Amazon.com had a net margin of 4.10% and a return on equity of 21.51%. As a group, equities analysts forecast that Amazon.com will post 20.12 earnings per share for the current year.

In related news, Director Patricia Q. Stonesifer sold 2,200 shares of Amazon.com stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $2,329.44, for a total transaction of $5,124,768.00. Following the sale, the director now directly owns 4,645 shares in the company, valued at approximately $10,820,248.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 6,945 shares of Amazon.com stock in a transaction on Monday, May 4th. The stock was sold at an average price of $2,256.50, for a total transaction of $15,671,392.50. Following the sale, the chief executive officer now owns 93,105 shares in the company, valued at $210,091,432.50. The disclosure for this sale can be found here. 16.10% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. Legacy Advisors LLC increased its stake in Amazon.com by 23.3% in the second quarter. Legacy Advisors LLC now owns 1,038 shares of the e-commerce giant’s stock valued at $2,864,000 after purchasing an additional 196 shares during the period. Boston Trust Walden Corp increased its stake in Amazon.com by 87.0% in the first quarter. Boston Trust Walden Corp now owns 1,997 shares of the e-commerce giant’s stock valued at $3,894,000 after purchasing an additional 929 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Amazon.com by 7.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 68,348 shares of the e-commerce giant’s stock valued at $133,260,000 after purchasing an additional 4,521 shares during the period. IHT Wealth Management LLC increased its stake in Amazon.com by 6.6% in the first quarter. IHT Wealth Management LLC now owns 6,500 shares of the e-commerce giant’s stock valued at $12,673,000 after purchasing an additional 405 shares during the period. Finally, RDA Financial Network increased its stake in Amazon.com by 4.7% in the first quarter. RDA Financial Network now owns 877 shares of the e-commerce giant’s stock valued at $1,710,000 after purchasing an additional 39 shares during the period. Hedge funds and other 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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