Amazon.com (NASDAQ:AMZN) had its price target raised by DA Davidson from $2,200.00 to $2,450.00 in a research note issued to investors on Wednesday, MarketBeat.com reports. The firm currently has a buy rating on the e-commerce giant’s stock.
Several other analysts have also recently issued reports on the company. JPMorgan Chase & Co. restated a buy rating on shares of Amazon.com in a report on Tuesday, August 7th. ValuEngine cut Amazon.com from a buy rating to a hold rating in a report on Thursday, August 2nd. Piper Jaffray Companies upped their target price on Amazon.com from $1,850.00 to $2,075.00 and gave the company an overweight rating in a report on Tuesday, July 17th. Wells Fargo & Co restated a buy rating and issued a $2,110.00 target price on shares of Amazon.com in a report on Monday, August 6th. Finally, Morgan Stanley set a $1,700.00 target price on Amazon.com and gave the company a buy rating in a report on Saturday, June 9th. Two investment analysts have rated the stock with a hold rating, forty-nine have issued a buy rating and one has assigned a strong buy rating to the company. Amazon.com currently has a consensus rating of Buy and a consensus target price of $1,963.87.
Shares of NASDAQ:AMZN opened at $1,994.82 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 0.78. The firm has a market capitalization of $981.68 billion, a price-to-earnings ratio of 438.42, a P/E/G ratio of 4.29 and a beta of 1.60. Amazon.com has a 52-week low of $931.75 and a 52-week high of $2,050.50.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $2.58. The company had revenue of $52.89 billion during the quarter, compared to analysts’ expectations of $53.37 billion. Amazon.com had a return on equity of 18.47% and a net margin of 3.02%. The firm’s quarterly revenue was up 39.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.40 EPS. equities analysts expect that Amazon.com will post 17.69 earnings per share for the current fiscal year.
In related news, insider Jeffrey M. Blackburn sold 4,108 shares of the firm’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $1,952.10, for a total transaction of $8,019,226.80. Following the completion of the transaction, the insider now directly owns 42,874 shares in the company, valued at approximately $83,694,335.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas O. Ryder sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $1,783.81, for a total value of $8,919,050.00. Following the transaction, the director now owns 10,752 shares of the company’s stock, valued at $19,179,525.12. The disclosure for this sale can be found here. Insiders have sold a total of 21,308 shares of company stock valued at $39,933,558 over the last 90 days. 16.30% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Fusion Family Wealth LLC raised its position in Amazon.com by 2,533.3% in the 4th quarter. Fusion Family Wealth LLC now owns 237 shares of the e-commerce giant’s stock valued at $277,000 after purchasing an additional 228 shares in the last quarter. Wellington Shields & Co. LLC acquired a new stake in Amazon.com in the 4th quarter valued at about $351,000. Capital Management Associates NY raised its position in Amazon.com by 11.9% in the 4th quarter. Capital Management Associates NY now owns 949 shares of the e-commerce giant’s stock valued at $1,110,000 after purchasing an additional 101 shares in the last quarter. Bradley Foster & Sargent Inc. CT raised its position in Amazon.com by 0.5% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 30,657 shares of the e-commerce giant’s stock valued at $35,852,000 after purchasing an additional 167 shares in the last quarter. Finally, Hyman Charles D raised its position in Amazon.com by 51.9% in the 4th quarter. Hyman Charles D now owns 1,092 shares of the e-commerce giant’s stock valued at $1,277,000 after purchasing an additional 373 shares in the last quarter. Institutional investors own 57.38% of the company’s stock.
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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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