Amazon.com (NASDAQ:AMZN) had its price objective lifted by equities researchers at Deutsche Bank from $3,333.00 to $4,000.00 in a report issued on Friday, Briefing.com Automated Import reports. The brokerage presently has a “buy” rating on the e-commerce giant’s stock. Deutsche Bank’s price objective points to a potential upside of 26.40% from the company’s current price.
A number of other research firms have also recently commented on AMZN. Cowen boosted their target price on shares of Amazon.com from $2,750.00 to $3,700.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Piper Sandler raised shares of Amazon.com to a “buy” rating in a research report on Monday, June 1st. Susquehanna Bancshares reissued a “positive” rating and set a $3,000.00 target price (up from $2,500.00) on shares of Amazon.com in a research report on Friday, May 1st. Wolfe Research cut shares of Amazon.com to a “sell” rating and set a $1,987.00 target price on the stock. in a research report on Monday, April 27th. Finally, Telsey Advisory Group lifted 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 research 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 stock. The company currently has an average rating of “Buy” and a consensus price target of $3,240.51.
Shares of AMZN stock opened at $3,164.68 on Friday. The stock has a market cap of $1,578.47 billion, a price-to-earnings ratio of 121.67, a price-to-earnings-growth ratio of 5.83 and a beta of 1.32. 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 fifty-two week low of $1,626.03 and a fifty-two week high of $3,344.29. The firm’s 50 day moving average price is $2,884.55 and its two-hundred day moving average price is $2,314.52.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $8.56. Amazon.com had a net margin of 4.10% and a return on equity of 21.51%. The business had revenue of $88.91 billion for the quarter, compared to analysts’ expectations of $81.56 billion. On average, equities analysts forecast that Amazon.com will post 20.12 EPS for the current fiscal year.
In related news, CEO Andrew R. Jassy sold 6,945 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 93,105 shares of the company’s stock, valued at $210,091,432.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Indra K. Nooyi acquired 27 shares of Amazon.com stock in a transaction that occurred on Wednesday, July 1st. The stock was bought at an average cost of $2,806.80 per share, with a total value of $75,783.60. Following the acquisition, the director now directly owns 707 shares of the company’s stock, valued at $1,984,407.60. The disclosure for this purchase can be found here. 16.10% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of AMZN. Advisor Group Holdings Inc. acquired a new stake in Amazon.com in the first quarter worth about $294,639,000. Alliancebernstein L.P. lifted its holdings in Amazon.com by 83.0% in the first quarter. Alliancebernstein L.P. now owns 1,752,984 shares of the e-commerce giant’s stock worth $3,417,828,000 after purchasing an additional 795,171 shares during the period. Wellington Management Group LLP lifted its holdings in Amazon.com by 26.1% in the first quarter. Wellington Management Group LLP now owns 2,721,098 shares of the e-commerce giant’s stock worth $5,305,379,000 after purchasing an additional 563,991 shares during the period. Girard Partners LTD. lifted its holdings in Amazon.com by 8,783.7% in the first quarter. Girard Partners LTD. now owns 519,965 shares of the e-commerce giant’s stock worth $12,121,000 after purchasing an additional 514,112 shares during the period. Finally, Capital Research Global Investors lifted its holdings in Amazon.com by 10.7% in the first quarter. Capital Research Global Investors now owns 4,501,995 shares of the e-commerce giant’s stock worth $8,777,634,000 after purchasing an additional 435,331 shares during the period. 64.54% of the stock is owned by institutional investors and hedge funds.
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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