Amazon.com (NASDAQ:AMZN) had its price target boosted by Stifel Nicolaus from $3,300.00 to $3,500.00 in a research report issued to clients and investors on Friday, The Fly reports. The brokerage presently has a “buy” rating on the e-commerce giant’s stock. Stifel Nicolaus’ target price points to a potential upside of 10.60% from the company’s current price.
Several other research analysts have also recently weighed in on the company. Jefferies Financial Group boosted their price objective on Amazon.com from $3,100.00 to $3,800.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. SunTrust Banks reissued 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 report on Thursday. MKM Partners boosted their price objective on Amazon.com from $2,525.00 to $3,350.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Wells Fargo & Co boosted their price objective on Amazon.com from $3,000.00 to $3,600.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. Finally, Tigress Financial reissued a “buy” rating on shares of Amazon.com in a research report on Wednesday, April 8th. One 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 stock. The stock has a consensus rating of “Buy” and a consensus target price of $3,240.51.
Shares of NASDAQ:AMZN 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 quick ratio of 0.84, a current ratio of 1.08 and a debt-to-equity ratio of 0.36. Amazon.com has a 12-month low of $1,626.03 and a 12-month high of $3,344.29. The business’s 50 day moving average is $2,884.55 and its 200 day moving average is $2,314.52.
Amazon.com (NASDAQ:AMZN) last announced its earnings results 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. 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 analysts’ expectations of $81.56 billion. As a group, equities research analysts expect that Amazon.com will post 20.12 earnings per share for the current year.
In other news, CEO Andrew R. Jassy sold 6,945 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $210,091,432.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Indra K. Nooyi acquired 27 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was purchased at an average price of $2,806.80 per share, with a total value of $75,783.60. Following the completion of the acquisition, the director now directly owns 707 shares in the company, valued at approximately $1,984,407.60. The disclosure for this purchase can be found here. 16.10% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Advisor Group Holdings Inc. purchased a new position in shares of Amazon.com in the 1st quarter worth about $294,639,000. Geode Capital Management LLC boosted its holdings in shares of Amazon.com by 2.5% in the 1st quarter. Geode Capital Management LLC now owns 6,048,684 shares of the e-commerce giant’s stock worth $11,768,454,000 after purchasing an additional 147,641 shares in the last quarter. Capital International Investors boosted its holdings in shares of Amazon.com by 7.3% in the 1st quarter. Capital International Investors now owns 4,599,769 shares of the e-commerce giant’s stock worth $8,968,262,000 after purchasing an additional 312,549 shares in the last quarter. Capital Research Global Investors boosted its holdings in shares of Amazon.com by 10.7% in the 1st 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 in the last quarter. Finally, Capital World Investors boosted its holdings in Amazon.com by 11.4% during the 1st quarter. Capital World Investors now owns 4,125,258 shares of the e-commerce giant’s stock valued at $8,043,108,000 after acquiring an additional 423,738 shares during the period. 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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