Amazon.com (NASDAQ:AMZN) had its target price increased by equities researchers at Wedbush from $3,500.00 to $3,700.00 in a research report issued on Friday, The Fly reports. The firm presently has an “outperform” rating on the e-commerce giant’s stock. Wedbush’s target price would suggest a potential upside of 16.92% from the company’s previous close.
Several other research firms also recently issued reports on AMZN. Tigress Financial restated a “buy” rating on shares of Amazon.com in a report on Wednesday, April 8th. BMO Capital Markets upped their target price on Amazon.com from $2,850.00 to $3,500.00 and gave the company an “outperform” rating in a report on Thursday. Robert W. Baird upped their target price on Amazon.com from $2,750.00 to $3,300.00 and gave the company an “outperform” rating in a report on Tuesday, July 7th. Bank of America upped their target price on Amazon.com from $3,000.00 to $3,280.00 and gave the company a “buy” rating in a report on Monday, July 27th. Finally, Goldman Sachs Group reiterated a “buy” rating on shares of Amazon.com in a report on Monday, July 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. Amazon.com has a consensus rating of “Buy” and an average target price of $3,240.51.
NASDAQ AMZN opened at $3,164.68 on Friday. The stock’s 50-day moving average price is $2,884.55 and its two-hundred day moving average price is $2,314.52. The company has a current ratio of 1.08, a quick ratio of 0.84 and a debt-to-equity ratio of 0.36. The company has a market cap of $1,578.47 billion, a PE ratio of 121.67, a PEG 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 posted its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $8.56. The firm had revenue of $88.91 billion for the quarter, compared to the consensus estimate of $81.56 billion. Amazon.com had a return on equity of 21.51% and a net margin of 4.10%. Research analysts forecast that Amazon.com will post 20.12 EPS for the current fiscal year.
In related news, Director Patricia Q. Stonesifer sold 2,200 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $2,329.44, for a total value of $5,124,768.00. Following the completion of the transaction, the director now directly owns 4,645 shares of the company’s stock, valued at $10,820,248.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 completion of the transaction, the chief executive officer now directly owns 93,105 shares of the company’s stock, 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 hedge funds have recently modified their holdings of the stock. Gantzert Investment Co. LLC ADV acquired a new position in Amazon.com during the second quarter worth $28,000. Sofos Investments Inc. raised its stake 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 in the last quarter. Deane Retirement Strategies Inc. raised its stake 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 in the last quarter. Your Advocates Ltd. LLP acquired a new position in Amazon.com during the first quarter worth $37,000. Finally, James Investment Research Inc. acquired a new position in Amazon.com during the second quarter worth $55,000. 64.54% of the stock is owned by hedge funds and other institutional investors.
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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