Amazon.com (NASDAQ:AMZN) was upgraded by Vetr from a “hold” rating to a “buy” rating in a report released on Thursday, March 15th. The firm presently has a $1,655.33 price objective on the e-commerce giant’s stock. Vetr‘s price target suggests a potential upside of 17.80% from the company’s previous close.
Several other research firms also recently weighed in on AMZN. Bank of America reiterated a “buy” rating and set a $1,460.00 target price (up from $1,220.00) on shares of Amazon.com in a research report on Tuesday, January 16th. They noted that the move was a valuation call. Goldman Sachs reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, January 26th. Wedbush reiterated a “buy” rating and set a $1,285.00 target price on shares of Amazon.com in a research report on Monday, January 29th. Oppenheimer reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, February 2nd. Finally, JPMorgan Chase restated an “overweight” rating and issued a $1,650.00 price objective on shares of Amazon.com in a report on Friday, February 2nd. Four equities research analysts have rated the stock with a hold rating, forty-eight have given a buy rating and two have given a strong buy rating to the stock. Amazon.com has an average rating of “Buy” and an average target price of $1,494.78.
Shares of AMZN stock traded down $46.52 on Thursday, reaching $1,405.23. The company’s stock had a trading volume of 5,837,922 shares, compared to its average volume of 6,661,481. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.76 and a current ratio of 1.04. The firm has a market cap of $702,802.63, a PE ratio of 308.84, a price-to-earnings-growth ratio of 6.38 and a beta of 1.59. Amazon.com has a 1 year low of $884.49 and a 1 year high of $1,617.54.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $2.16 EPS for the quarter, topping the consensus estimate of $1.85 by $0.31. The company had revenue of $60.45 billion during the quarter, compared to analyst estimates of $59.85 billion. Amazon.com had a net margin of 1.71% and a return on equity of 9.23%. Amazon.com’s quarterly revenue was up 38.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.54 earnings per share. equities analysts predict that Amazon.com will post 8.49 EPS for the current year.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,000 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $1,454.37, for a total value of $2,908,740.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 544 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $1,462.32, for a total value of $795,502.08. Following the completion of the sale, the vice president now owns 6,533 shares of the company’s stock, valued at $9,553,336.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,214 shares of company stock valued at $9,251,120. 17.70% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of the business. ADAMCAPITAL Gestao de Recursos Ltda. purchased a new position in shares of Amazon.com during the 4th quarter worth $172,579,000. Chemical Bank grew its holdings in shares of Amazon.com by 5.0% during the 4th quarter. Chemical Bank now owns 3,856 shares of the e-commerce giant’s stock worth $4,509,000 after purchasing an additional 182 shares during the period. Green Square Capital LLC grew its holdings in shares of Amazon.com by 7.7% during the 4th quarter. Green Square Capital LLC now owns 5,266 shares of the e-commerce giant’s stock worth $6,158,000 after purchasing an additional 376 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Amazon.com by 4.1% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 46,126 shares of the e-commerce giant’s stock worth $53,943,000 after purchasing an additional 1,823 shares during the period. Finally, Certified Advisory Corp purchased a new position in shares of Amazon.com during the 4th quarter worth $610,000. Institutional investors own 60.21% of the company’s stock.
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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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
To view Vetr’s full report, visit Vetr’s official website.
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