Deutsche Bank set a $2,150.00 target price on Amazon.com (NASDAQ:AMZN) in a research report released on Friday morning, TipRanks reports. The brokerage currently has a buy rating on the e-commerce giant’s stock.
Several other analysts have also recently weighed in on the company. KeyCorp reissued an overweight rating and set a $2,200.00 price objective (up from $2,100.00) on shares of Amazon.com in a report on Monday, July 22nd. Zacks Investment Research raised Amazon.com from a strong sell rating to a hold rating and set a $1,480.00 price objective for the company in a report on Wednesday, September 25th. Stifel Nicolaus set a $2,300.00 target price on Amazon.com and gave the stock a buy rating in a research report on Sunday, October 20th. Goldman Sachs Group restated a buy rating on shares of Amazon.com in a research report on Friday. Finally, William Blair restated an outperform rating on shares of Amazon.com in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and forty-one have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $2,189.97.
Shares of NASDAQ:AMZN opened at $1,777.08 on Friday. The stock has a market capitalization of $880.87 billion, a P/E ratio of 88.24, a P/E/G ratio of 2.30 and a beta of 1.54. Amazon.com has a 1-year low of $1,307.00 and a 1-year high of $2,035.80. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $1,767.41 and a two-hundred day moving average price of $1,843.58.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 24th. The e-commerce giant reported $4.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.46 by ($0.23). The firm had revenue of $69.98 billion for the quarter, compared to the consensus estimate of $68.72 billion. Amazon.com had a return on equity of 23.47% and a net margin of 4.27%. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.75 earnings per share. As a group, equities analysts predict that Amazon.com will post 23.53 EPS for the current year.
In related news, CFO Brian T. Olsavsky sold 1,765 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $1,783.00, for a total value of $3,146,995.00. Following the completion of the transaction, the chief financial officer now directly owns 2,480 shares in the company, valued at approximately $4,421,840. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 3,475 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $1,773.99, for a total value of $6,164,615.25. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $17,739,900. The disclosure for this sale can be found here. Insiders sold a total of 22,443 shares of company stock valued at $40,205,835 over the last quarter. 16.10% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of AMZN. Enterprise Trust & Investment Co bought a new stake in Amazon.com in the 2nd quarter valued at approximately $27,000. Phocas Financial Corp. bought a new stake in Amazon.com in the 2nd quarter valued at approximately $4,545,000. Litman Gregory Asset Management LLC bought a new stake in Amazon.com in the 2nd quarter valued at approximately $53,000. Clear Investment Research LLC lifted its stake in Amazon.com by 27.6% in the 2nd quarter. Clear Investment Research LLC now owns 37 shares of the e-commerce giant’s stock valued at $70,000 after acquiring an additional 8 shares in the last quarter. Finally, Financial Advantage Inc. lifted its stake in Amazon.com by 26.7% in the 3rd quarter. Financial Advantage Inc. now owns 38 shares of the e-commerce giant’s stock valued at $65,000 after acquiring an additional 8 shares in the last quarter. Institutional investors and hedge funds own 55.73% 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 third-party sellers through physical stores and online stores.
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