Amazon.com (NASDAQ:AMZN) had its price objective hoisted by investment analysts at Mizuho from $3,450.00 to $3,700.00 in a report released on Friday, The Fly reports. The firm presently has a “buy” rating on the e-commerce giant’s stock. Mizuho’s target price points to a potential upside of 16.92% from the company’s previous close.
A number of other equities analysts have also weighed in on the company. JMP Securities upped their target price on Amazon.com from $2,850.00 to $4,075.00 and gave the stock an “outperform” rating in a research note on Friday. Citigroup increased their price objective on Amazon.com from $2,700.00 to $3,550.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Morgan Stanley increased their price objective on Amazon.com from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a research report on Friday. Jefferies Financial Group increased their price objective on Amazon.com from $3,100.00 to $3,800.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Finally, Wedbush reiterated a “buy” rating and set a $3,500.00 price objective (up from $3,050.00) on shares of Amazon.com in a research report on Monday, July 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, forty-five have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $3,240.51.
Shares of NASDAQ AMZN opened at $3,164.68 on Friday. The firm has a market capitalization of $1,578.47 billion, a P/E ratio of 121.67, a P/E/G 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. The stock’s 50-day simple moving average is $2,884.55 and its two-hundred day simple moving average is $2,314.52. Amazon.com has a twelve month low of $1,626.03 and a twelve month high of $3,344.29.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $8.56. The business had revenue of $88.91 billion for the quarter, compared to analyst estimates of $81.56 billion. Amazon.com had a return on equity of 21.51% and a net margin of 4.10%. As a group, research analysts anticipate that Amazon.com will post 20.12 EPS for the current fiscal year.
In other news, Director Indra K. Nooyi bought 27 shares of the firm’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 transaction, the director now owns 707 shares of the company’s stock, valued at $1,984,407.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 6,945 shares of the 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 disclosure for this sale can be found here. 16.10% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. Gantzert Investment Co. LLC ADV bought a new position in Amazon.com during the 2nd quarter valued at approximately $28,000. Deane Retirement Strategies Inc. increased its position in Amazon.com by 142.9% during the 1st quarter. Deane Retirement Strategies Inc. now owns 17 shares of the e-commerce giant’s stock valued at $33,000 after buying an additional 10 shares in the last quarter. Your Advocates Ltd. LLP bought a new position in Amazon.com during the 1st quarter valued at approximately $37,000. James Investment Research Inc. bought a new position in Amazon.com during the 2nd quarter valued at approximately $55,000. Finally, Spence Asset Management increased its position in Amazon.com by 57.1% during the 2nd quarter. Spence Asset Management now owns 22 shares of the e-commerce giant’s stock valued at $61,000 after buying an additional 8 shares in the last quarter. 64.54% of the stock is owned by institutional investors.
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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