Amazon.com (NASDAQ:AMZN) had its price objective upped by Credit Suisse Group from $1,385.00 to $1,410.00 in a research note published on Monday, January 8th, Marketbeat reports. They currently have an outperform rating on the e-commerce giant’s stock.
AMZN has been the topic of several other reports. Stifel Nicolaus restated a buy rating and set a $1,100.00 price objective on shares of Amazon.com in a report on Tuesday, October 24th. Loop Capital set a $1,200.00 price target on Amazon.com and gave the company a buy rating in a report on Friday, October 20th. Royal Bank of Canada set a $1,100.00 price target on Amazon.com and gave the company a buy rating in a report on Monday, September 11th. Needham & Company LLC reiterated a buy rating and issued a $1,250.00 price target (up from $1,150.00) on shares of Amazon.com in a report on Friday, October 27th. Finally, Cantor Fitzgerald boosted their price target on Amazon.com to $1,360.00 and gave the company an overweight rating in a report on Friday, October 27th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating, fifty-one have given a buy rating and one has given a strong buy rating to the stock. Amazon.com currently has an average rating of Buy and a consensus target price of $1,324.11.
Amazon.com (NASDAQ:AMZN) opened at $1,447.06 on Monday. The firm has a market capitalization of $699,140.00, a PE ratio of 367.30, a PEG ratio of 8.29 and a beta of 1.46. The company has a quick ratio of 0.74, a current ratio of 1.03 and a debt-to-equity ratio of 1.00. Amazon.com has a 52 week low of $803.00 and a 52 week high of $1,472.58.
In related news, Director Tom A. Alberg sold 1,860 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $1,109.20, for a total transaction of $2,063,112.00. Following the completion of the sale, the director now owns 18,460 shares in the company, valued at approximately $20,475,832. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 1,985 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,125.38, for a total value of $2,233,879.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,228 shares of company stock valued at $12,790,082. 17.70% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of AMZN. Harbour Capital Advisors LLC raised its holdings in shares of Amazon.com by 100,947.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock worth $2,379,000 after buying an additional 2,300,593 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Amazon.com by 1,045.8% in the 2nd quarter. Janus Henderson Group PLC now owns 1,775,556 shares of the e-commerce giant’s stock worth $1,718,711,000 after buying an additional 1,620,588 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Amazon.com by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock worth $26,003,758,000 after buying an additional 764,115 shares in the last quarter. Truepoint Inc. raised its holdings in shares of Amazon.com by 94,448.7% in the 3rd quarter. Truepoint Inc. now owns 572,965 shares of the e-commerce giant’s stock worth $573,000 after buying an additional 572,359 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Amazon.com by 2.4% in the 2nd quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock worth $23,160,193,000 after buying an additional 554,990 shares in the last quarter. 59.80% of the stock is owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY WARNING: This piece of content was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2018/02/01/amazon-com-amzn-given-new-1410-00-price-target-at-credit-suisse-group.html.
Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.