Loop Capital restated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research report sent to investors on Tuesday, January 23rd, MarketBeat reports. Loop Capital currently has a $1,500.00 price objective on the e-commerce giant’s stock.
A number of other analysts also recently weighed in on the company. Canaccord Genuity restated a buy rating and issued a $1,200.00 target price on shares of Amazon.com in a research report on Wednesday, October 11th. Wedbush set a $1,250.00 price target on Amazon.com and gave the stock a buy rating in a research note on Monday, October 23rd. Morgan Stanley reaffirmed a buy rating and issued a $1,150.00 price target on shares of Amazon.com in a research note on Tuesday, October 10th. Atlantic Securities reaffirmed a buy rating on shares of Amazon.com in a research note on Friday, October 27th. Finally, JPMorgan Chase & Co. reaffirmed a buy rating and issued a $1,385.00 price target (up from $1,375.00) on shares of Amazon.com in a research note on Wednesday, January 10th. Six investment analysts have rated the stock with a hold rating, forty-eight have issued a buy rating and one has given a strong buy rating to the company. Amazon.com currently has a consensus rating of Buy and an average target price of $1,437.43.
Shares of Amazon.com (NASDAQ:AMZN) traded up $36.54 on Tuesday, hitting $1,451.05. The stock had a trading volume of 5,959,209 shares, compared to its average volume of 6,060,000. The company has a market cap of $702,460.00, a P/E ratio of 235.18, a PEG ratio of 6.10 and a beta of 1.63. The company has a current ratio of 1.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.89. Amazon.com has a 12-month low of $831.45 and a 12-month high of $1,498.00.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.85 by $0.31. The firm had revenue of $60.45 billion during the quarter, compared to the consensus estimate of $59.85 billion. Amazon.com had a return on equity of 9.23% 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 quarter last year, the company posted $1.54 EPS. equities research analysts expect that Amazon.com will post 8.49 EPS for the current year.
In related news, Director Tom A. Alberg sold 835 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $1,202.74, for a total transaction of $1,004,287.90. Following the completion of the transaction, the director now directly owns 17,114 shares of the company’s stock, valued at $20,583,692.36. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Tom A. Alberg sold 870 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $1,150.00, for a total value of $1,000,500.00. Following the transaction, the director now directly owns 17,949 shares of the company’s stock, valued at $20,641,350. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,505 shares of company stock valued at $5,253,740. 17.00% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in AMZN. Santori & Peters Inc. bought a new stake in shares of Amazon.com in the 4th quarter valued at approximately $121,000. Taylor Hoffman Wealth Management bought a new stake in shares of Amazon.com in the 4th quarter valued at approximately $108,000. Portfolio Solutions LLC bought a new stake in shares of Amazon.com in the 4th quarter valued at approximately $119,000. Endurance Wealth Management Inc. lifted its stake in shares of Amazon.com by 90.9% in the 4th quarter. Endurance Wealth Management Inc. now owns 105 shares of the e-commerce giant’s stock valued at $123,000 after purchasing an additional 50 shares during the last quarter. Finally, Oak Point Wealth Management bought a new stake in shares of Amazon.com in the 4th quarter valued at approximately $125,000. 59.06% of the stock is owned by institutional investors.
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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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