Piper Jaffray Companies Reiterates Overweight Rating for Amazon.com (NASDAQ:AMZN)

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.

ILLEGAL ACTIVITY WARNING: “Piper Jaffray Companies Reiterates Overweight Rating for Amazon.com (NASDAQ:AMZN)” was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright and trademark law. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2018/02/04/amazon-com-amzn-earns-overweight-rating-from-piper-jaffray-companies.html.

About Amazon.com

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.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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.

Leave a Reply