Amazon.com (NASDAQ:AMZN) had its price objective boosted by equities researchers at Monness Crespi & Hardt from $2,800.00 to $3,500.00 in a report released on Monday, Marketbeat.com reports. The firm presently has a “buy” rating on the e-commerce giant’s stock. Monness Crespi & Hardt’s price target indicates a potential upside of 26.87% from the company’s current price.
A number of other analysts have also recently weighed in on AMZN. Needham & Company LLC assumed coverage on shares of Amazon.com in a report on Wednesday, June 24th. They set a “buy” rating and a $3,200.00 price objective on the stock. JMP Securities lifted their price target on shares of Amazon.com from $2,650.00 to $2,850.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. restated a “buy” rating on shares of Amazon.com in a research note on Monday, May 4th. William Blair reiterated a “buy” rating on shares of Amazon.com in a research report on Monday, June 22nd. Finally, Guggenheim boosted their target price on Amazon.com from $2,250.00 to $2,700.00 and gave the company a “buy” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and forty-seven have given a buy rating to the company’s stock. Amazon.com has a consensus rating of “Buy” and an average target price of $2,670.26.
Shares of AMZN stock opened at $2,758.82 on Monday. Amazon.com has a 12 month low of $1,626.03 and a 12 month high of $2,796.00. 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 has a market cap of $1,362.87 billion, a P/E ratio of 131.81, a PEG ratio of 5.49 and a beta of 1.31. The firm has a fifty day moving average price of $2,528.23 and a 200 day moving average price of $2,128.96.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, April 30th. The e-commerce giant reported $5.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $6.36 by ($1.35). Amazon.com had a return on equity of 17.83% and a net margin of 3.56%. The business had revenue of $75.45 billion for the quarter, compared to analyst estimates of $74.15 billion. During the same period in the prior year, the company posted $7.09 earnings per share. The company’s revenue was up 26.4% compared to the same quarter last year. On average, equities analysts forecast that Amazon.com will post 20.02 EPS for the current year.
In related news, CEO Andrew R. Jassy sold 6,945 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $210,091,432.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David Zapolsky sold 352 shares of the business’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $2,300.19, for a total value of $809,666.88. Following the sale, the senior vice president now owns 4,015 shares in the company, valued at $9,235,262.85. The disclosure for this sale can be found here. Insiders have sold a total of 9,497 shares of company stock worth $21,605,827 in the last three months. Corporate insiders own 16.10% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Covington Capital Management lifted its holdings in Amazon.com by 1.7% in the 4th quarter. Covington Capital Management now owns 20,187 shares of the e-commerce giant’s stock valued at $37,302,000 after purchasing an additional 335 shares in the last quarter. Boston Trust Walden Corp lifted its stake in shares of Amazon.com by 87.0% during the first quarter. Boston Trust Walden Corp now owns 1,997 shares of the e-commerce giant’s stock valued at $3,894,000 after buying an additional 929 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Amazon.com by 7.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 68,348 shares of the e-commerce giant’s stock worth $133,260,000 after acquiring an additional 4,521 shares during the last quarter. Alliancebernstein L.P. boosted its position in Amazon.com by 7.3% during the fourth quarter. Alliancebernstein L.P. now owns 957,813 shares of the e-commerce giant’s stock worth $1,769,885,000 after acquiring an additional 65,232 shares during the last quarter. Finally, IHT Wealth Management LLC grew its stake in Amazon.com by 6.6% in the 1st quarter. IHT Wealth Management LLC now owns 6,500 shares of the e-commerce giant’s stock worth $12,673,000 after acquiring an additional 405 shares during the period. 64.65% of the stock is currently owned by hedge funds and other 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 third-party sellers through physical stores and online stores.
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