Amazon.com (NASDAQ:AMZN) PT Raised to $3,800.00

Amazon.com (NASDAQ:AMZN) had its price objective upped by Royal Bank of Canada from $3,300.00 to $3,800.00 in a research note issued on Friday, Marketbeat Ratings reports. The firm currently has an “outperform” rating on the e-commerce giant’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 20.08% from the company’s previous close.

A number of other research analysts have also weighed in on AMZN. Telsey Advisory Group raised their target price on Amazon.com from $2,800.00 to $3,600.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Deutsche Bank raised their target price on Amazon.com from $3,333.00 to $4,000.00 and gave the company a “buy” rating in a report on Friday. Benchmark raised their target price on Amazon.com from $2,650.00 to $3,675.00 and gave the company a “buy” rating in a report on Friday. BidaskClub downgraded Amazon.com from a “buy” rating to a “hold” rating in a research report on Friday, July 24th. Finally, JMP Securities increased their price target on Amazon.com from $2,850.00 to $4,075.00 and gave the company an “outperform” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, forty-five have assigned 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. Amazon.com has a twelve month low of $1,626.03 and a twelve month high of $3,344.29. The company has a quick ratio of 0.84, a current ratio of 1.08 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average is $2,884.55 and its 200-day moving average is $2,314.52. The firm has a market capitalization of $1,578.47 billion, a PE ratio of 121.67, a P/E/G ratio of 5.83 and a beta of 1.32.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.74 by $8.56. Amazon.com had a return on equity of 21.51% and a net margin of 4.10%. The company had revenue of $88.91 billion for the quarter, compared to analyst estimates of $81.56 billion. On average, equities research analysts anticipate that Amazon.com will post 20.12 earnings per share for the current fiscal year.

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

A number of large investors have recently bought and sold shares of AMZN. National Asset Management Inc. lifted its stake in Amazon.com by 2.8% during the second quarter. National Asset Management Inc. now owns 11,339 shares of the e-commerce giant’s stock worth $31,284,000 after purchasing an additional 311 shares during the last quarter. Comerica Bank lifted its stake in Amazon.com by 6.4% during the second quarter. Comerica Bank now owns 88,908 shares of the e-commerce giant’s stock worth $275,606,000 after purchasing an additional 5,326 shares during the last quarter. Valmark Advisers Inc. lifted its stake in Amazon.com by 25.5% during the second quarter. Valmark Advisers Inc. now owns 1,067 shares of the e-commerce giant’s stock worth $2,944,000 after purchasing an additional 217 shares during the last quarter. Dixon Hubard Feinour & Brown Inc. VA lifted its stake in Amazon.com by 4.0% during the second quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 3,070 shares of the e-commerce giant’s stock worth $9,211,000 after purchasing an additional 117 shares during the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC lifted its stake in Amazon.com by 10.7% during the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 5,201 shares of the e-commerce giant’s stock worth $14,349,000 after purchasing an additional 503 shares during the last quarter. 64.54% of the stock is owned by institutional investors.

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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Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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