Shares of Amazon.com, Inc. (NASDAQ:AMZN) have been given a consensus rating of “Buy” by the forty-nine brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and forty-four have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $2,172.95.
A number of equities analysts have issued reports on the stock. Deutsche Bank set a $2,150.00 price target on shares of Amazon.com and gave the stock a “buy” rating in a research report on Friday, October 25th. Oppenheimer reduced their price target on shares of Amazon.com from $2,100.00 to $2,040.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Susquehanna Bancshares set a $2,200.00 target price on shares of Amazon.com and gave the company a “buy” rating in a report on Friday, October 25th. Citigroup reaffirmed a “buy” rating and set a $2,200.00 target price on shares of Amazon.com in a report on Tuesday, December 3rd. Finally, Macquarie set a $2,200.00 target price on shares of Amazon.com and gave the company a “buy” rating in a report on Friday, October 25th.
In related news, VP Shelley Reynolds sold 379 shares of Amazon.com stock in a transaction on Friday, November 15th. The shares were sold at an average price of $1,750.66, for a total value of $663,500.14. Following the sale, the vice president now owns 6,307 shares of the company’s stock, valued at approximately $11,041,412.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey A. Wilke sold 200 shares of Amazon.com stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $1,865.34, for a total transaction of $373,068.00. Following the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $18,653,400. The disclosure for this sale can be found here. Insiders sold a total of 10,196 shares of company stock worth $17,869,618 in the last three months. 16.10% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in AMZN. Macroview Investment Management LLC boosted its stake in Amazon.com by 166.7% during the 3rd quarter. Macroview Investment Management LLC now owns 16 shares of the e-commerce giant’s stock worth $28,000 after purchasing an additional 10 shares during the last quarter. NewSquare Capital LLC boosted its stake in Amazon.com by 533.3% during the 4th quarter. NewSquare Capital LLC now owns 19 shares of the e-commerce giant’s stock worth $35,000 after purchasing an additional 16 shares during the last quarter. Phocas Financial Corp. acquired a new stake in Amazon.com during the 2nd quarter worth $45,000. Pflug Koory LLC raised its holdings in shares of Amazon.com by 30.8% during the 4th quarter. Pflug Koory LLC now owns 34 shares of the e-commerce giant’s stock worth $63,000 after acquiring an additional 8 shares during the period. Finally, Financial Advantage Inc. raised its holdings in shares of Amazon.com by 26.7% during the 3rd quarter. Financial Advantage Inc. now owns 38 shares of the e-commerce giant’s stock worth $65,000 after acquiring an additional 8 shares during the period. 55.98% of the stock is currently owned by institutional investors.
AMZN traded down $13.22 during trading on Friday, reaching $1,864.72. 3,989,789 shares of the company’s stock were exchanged, compared to its average volume of 3,393,404. Amazon.com has a 1 year low of $1,566.76 and a 1 year high of $2,035.80. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.10 and a quick ratio of 0.84. The stock has a market capitalization of $924.52 billion, a P/E ratio of 92.59, a price-to-earnings-growth ratio of 2.60 and a beta of 1.50. The company’s fifty day simple moving average is $1,820.32 and its 200-day simple moving average is $1,817.73.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.46 by ($0.23). Amazon.com had a return on equity of 22.52% and a net margin of 4.27%. The business had revenue of $69.98 billion for the quarter, compared to analysts’ expectations of $68.72 billion. During the same period in the prior year, the business posted $5.75 earnings per share. The business’s quarterly revenue was up 23.7% compared to the same quarter last year. Equities analysts forecast that Amazon.com will post 20.51 EPS for the current year.
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 third-party sellers through physical stores and online stores.
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