Piper Jaffray Companies restated their overweight rating on shares of Amazon.com (NASDAQ:AMZN) in a report released on Tuesday, January 9th, MarketBeat reports. They currently have a $1,400.00 target price on the e-commerce giant’s stock, up from their prior target price of $1,200.00.
Other equities analysts also recently issued research reports about the company. Vetr upgraded Amazon.com from a sell rating to a hold rating and set a $1,155.74 target price on the stock in a research note on Wednesday, November 29th. SunTrust Banks restated a buy rating and issued a $1,190.00 target price on shares of Amazon.com in a research note on Monday, October 2nd. Wells Fargo & Co restated a buy rating on shares of Amazon.com in a research note on Monday, December 4th. Barclays restated an overweight rating and issued a $1,210.00 target price (up previously from $1,150.00) on shares of Amazon.com in a research note on Friday, October 27th. Finally, Citigroup restated a buy rating and issued a $1,250.00 target price on shares of Amazon.com in a research note on Friday, October 27th. Six analysts have rated the stock with a hold rating, forty-seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Amazon.com has a consensus rating of Buy and an average price target of $1,404.86.
Shares of Amazon.com (NASDAQ AMZN) traded up $39.95 on Tuesday, reaching $1,429.95. The company’s stock had a trading volume of 10,915,962 shares, compared to its average volume of 4,370,000. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.03 and a quick ratio of 0.74. The company has a market cap of $689,050.00, a price-to-earnings ratio of 231.76, a P/E/G ratio of 8.25 and a beta of 1.63. Amazon.com has a 1 year low of $803.00 and a 1 year high of $1,498.00.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.31. The firm had revenue of $60.45 billion during the quarter, compared to analyst estimates of $59.85 billion. Amazon.com had a return on equity of 9.68% and a net margin of 1.71%. The company’s revenue for the quarter was up 38.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.54 EPS. analysts expect that Amazon.com will post 8.33 earnings per share for the current year.
In other news, Director Tom A. Alberg sold 1,860 shares of Amazon.com stock in a transaction on Monday, November 6th. The shares were sold at an average price of $1,109.20, for a total transaction of $2,063,112.00. Following the transaction, 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 Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 544 shares of Amazon.com stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $1,126.27, for a total transaction of $612,690.88. The disclosure for this sale can be found here. Insiders have sold a total of 11,228 shares of company stock worth $12,790,082 in the last quarter. Corporate insiders own 17.70% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Whitnell & Co. increased its holdings in Amazon.com by 581.3% in the 3rd quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after acquiring an additional 93 shares during the last quarter. Vestor Capital LLC increased its holdings in Amazon.com by 10.1% in the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after acquiring an additional 10 shares during the last quarter. Clear Investment Research LLC increased its holdings in Amazon.com by 73,100.0% in the 2nd quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock valued at $107,000 after acquiring an additional 731 shares during the last quarter. LeJeune Puetz Investment Counsel LLC bought a new stake in Amazon.com in the 2nd quarter valued at $116,000. Finally, Portfolio Solutions LLC bought a new stake in Amazon.com in the 4th quarter valued at $119,000. Institutional investors and hedge funds own 59.80% of the company’s stock.
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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.
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