Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating reissued by investment analysts at Bank of America in a research note issued to investors on Wednesday, MarketBeat reports. They presently have a $2,100.00 price target on the e-commerce giant’s stock, up from their prior price target of $2,000.00. Bank of America‘s price objective points to a potential upside of 26.79% from the stock’s previous close.
AMZN has been the topic of several other research reports. Wedbush set a $2,100.00 price target on Amazon.com and gave the company a “buy” rating in a research note on Tuesday, October 23rd. UBS Group restated a “buy” rating on shares of Amazon.com in a research report on Friday, October 26th. BidaskClub upgraded Amazon.com from a “sell” rating to a “hold” rating in a research report on Friday, January 4th. Macquarie restated a “buy” rating and set a $2,200.00 price objective on shares of Amazon.com in a research report on Wednesday, September 26th. Finally, JMP Securities restated a “buy” rating on shares of Amazon.com in a research report on Tuesday, October 30th. Three research analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $2,087.85.
Shares of AMZN opened at $1,656.22 on Wednesday. Amazon.com has a 52-week low of $1,256.46 and a 52-week high of $2,050.50. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.80 and a current ratio of 1.08. The firm has a market capitalization of $811.40 billion, a PE ratio of 364.00, a price-to-earnings-growth ratio of 2.33 and a beta of 1.66.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.29 by $2.46. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. The company had revenue of $56.58 billion for the quarter, compared to analyst estimates of $57.05 billion. Equities research analysts expect that Amazon.com will post 19.5 earnings per share for the current year.
In other news, VP Shelley Reynolds sold 437 shares of the business’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $1,573.11, for a total value of $687,449.07. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey P. Bezos sold 16,964 shares of the business’s stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $1,632.23, for a total value of $27,689,149.72. Following the completion of the transaction, the chief executive officer now directly owns 78,884,539 shares in the company, valued at $128,757,711,091.97. The disclosure for this sale can be found here. Insiders sold a total of 23,842 shares of company stock worth $38,549,801 over the last three months. 16.30% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in AMZN. Spence Asset Management increased its position in Amazon.com by 127.3% in the 4th quarter. Spence Asset Management now owns 25 shares of the e-commerce giant’s stock valued at $38,000 after buying an additional 14 shares in the last quarter. Guidant Wealth Advisors increased its position in Amazon.com by 657.4% in the 2nd quarter. Guidant Wealth Advisors now owns 409 shares of the e-commerce giant’s stock valued at $100,000 after buying an additional 355 shares in the last quarter. Spirit of America Management Corp NY bought a new stake in Amazon.com in the 3rd quarter valued at about $110,000. Taylor Hoffman Wealth Management increased its position in Amazon.com by 192.3% in the 3rd quarter. Taylor Hoffman Wealth Management now owns 76 shares of the e-commerce giant’s stock valued at $152,000 after buying an additional 50 shares in the last quarter. Finally, Legacy Advisors LLC increased its position in Amazon.com by 47.1% in the 2nd quarter. Legacy Advisors LLC now owns 103 shares of the e-commerce giant’s stock valued at $175,000 after buying an additional 33 shares in the last quarter. 55.57% of the stock is currently owned by institutional investors.
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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