Amazon.com (NASDAQ:AMZN) had its price target lifted by investment analysts at Credit Suisse Group from $3,400.00 to $3,680.00 in a note issued to investors on Friday, The Fly reports. The brokerage currently has an “outperform” rating on the e-commerce giant’s stock. Credit Suisse Group’s target price would indicate a potential upside of 16.28% from the company’s previous close.
Several other equities analysts have also issued reports on the stock. 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 report on Friday, May 1st. JMP Securities raised their target price on shares of Amazon.com from $2,850.00 to $4,075.00 and gave the company an “outperform” rating in a research note on Friday. Telsey Advisory Group raised their target price on shares of Amazon.com from $2,800.00 to $3,600.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Monness Crespi & Hardt upgraded shares of Amazon.com to a “buy” rating in a research note on Tuesday, July 7th. Finally, KeyCorp raised their target price on shares of Amazon.com from $3,285.00 to $3,500.00 and gave the company an “overweight” rating in a research note 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 issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $3,240.51.
Shares of AMZN stock opened at $3,164.68 on Friday. The firm 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’s 50 day moving average is $2,884.55 and its 200 day moving average is $2,314.52. The company has a quick ratio of 0.84, a current ratio of 1.08 and a debt-to-equity ratio of 0.36. Amazon.com has a 52-week low of $1,626.03 and a 52-week high of $3,344.29.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $8.56. The company had revenue of $88.91 billion for the quarter, compared to analyst estimates of $81.56 billion. Amazon.com had a net margin of 4.10% and a return on equity of 21.51%. Analysts anticipate that Amazon.com will post 20.12 EPS for the current fiscal year.
In related news, Director Indra K. Nooyi bought 27 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was acquired at an average price of $2,806.80 per share, with a total value of $75,783.60. Following the completion of the purchase, the director now directly owns 707 shares of the company’s stock, valued at $1,984,407.60. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Patricia Q. Stonesifer sold 2,200 shares of the business’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 sale, the director now directly owns 4,645 shares of the company’s stock, valued at approximately $10,820,248.80. The disclosure for this sale can be found here. 16.10% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of AMZN. Gantzert Investment Co. LLC ADV acquired a new position in Amazon.com during the second quarter worth about $28,000. Sofos Investments Inc. boosted its position 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 acquiring an additional 66 shares during the last quarter. Deane Retirement Strategies Inc. boosted its position in Amazon.com by 142.9% during the first quarter. Deane Retirement Strategies Inc. now owns 17 shares of the e-commerce giant’s stock worth $33,000 after acquiring an additional 10 shares during the last quarter. Your Advocates Ltd. LLP acquired a new position in Amazon.com during the first quarter worth about $37,000. Finally, James Investment Research Inc. acquired a new position in Amazon.com during the second quarter worth about $55,000. Hedge funds and other institutional investors own 64.54% of the company’s stock.
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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