Amazon.com (NASDAQ:AMZN) had its target price upped by research analysts at Benchmark from $2,650.00 to $3,675.00 in a research report issued on Friday, The Fly reports. The brokerage presently has a “buy” rating on the e-commerce giant’s stock. Benchmark’s price target suggests a potential upside of 16.13% from the stock’s current price.
Several other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday, May 4th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Amazon.com in a research note on Tuesday, June 9th. SunTrust Banks reaffirmed a “buy” rating and issued a $3,600.00 price objective (up previously from $3,400.00) on shares of Amazon.com in a research note on Thursday. Needham & Company LLC assumed coverage on shares of Amazon.com in a research note on Wednesday, June 24th. They issued a “buy” rating and a $3,200.00 price objective on the stock. Finally, Monness Crespi & Hardt upgraded shares of Amazon.com to a “buy” rating in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, forty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $3,240.51.
Amazon.com 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 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. The company’s 50-day moving average price is $2,884.55 and its two-hundred day moving average price is $2,314.52. 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 released its earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $8.56. The firm had revenue of $88.91 billion for the quarter, compared to analysts’ expectations of $81.56 billion. Amazon.com had a net margin of 4.10% and a return on equity of 21.51%. Research analysts expect that Amazon.com will post 20.12 earnings per share for the current fiscal year.
In other news, Director Patricia Q. Stonesifer sold 2,200 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $2,329.44, for a total value of $5,124,768.00. Following the transaction, the director now owns 4,645 shares of the company’s stock, valued at $10,820,248.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Indra K. Nooyi purchased 27 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was purchased at an average cost of $2,806.80 per share, for a total transaction of $75,783.60. Following the transaction, the director now 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 owned by insiders.
Several large investors have recently added to or reduced their stakes in AMZN. Sunbelt Securities Inc. raised its position in shares of Amazon.com by 23.9% in the fourth quarter. Sunbelt Securities Inc. now owns 7,401 shares of the e-commerce giant’s stock valued at $13,500,000 after purchasing an additional 1,430 shares during the period. IMS Capital Management increased its position in Amazon.com by 49.0% during the first quarter. IMS Capital Management now owns 1,550 shares of the e-commerce giant’s stock worth $3,022,000 after acquiring an additional 510 shares during the period. Woodstock Corp increased its position in Amazon.com by 10.6% during the first quarter. Woodstock Corp now owns 178 shares of the e-commerce giant’s stock worth $347,000 after acquiring an additional 17 shares during the period. Fulton Bank N.A. increased its position in Amazon.com by 10.7% during the first quarter. Fulton Bank N.A. now owns 6,531 shares of the e-commerce giant’s stock worth $12,733,000 after acquiring an additional 629 shares during the period. Finally, Wiley BROS. Aintree Capital LLC increased its position in Amazon.com by 5.6% during the first quarter. Wiley BROS. Aintree Capital LLC now owns 563 shares of the e-commerce giant’s stock worth $1,098,000 after acquiring an additional 30 shares during the period. 64.54% of the stock is currently 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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