Amazon.com Inc. (AMZN) Given a $935.00 Price Target by Macquarie Analysts
Amazon.com Inc. (NASDAQ:AMZN) received a $935.00 price target from investment analysts at Macquarie in a report issued on Wednesday. The brokerage currently has a a “buy” rating on the e-commerce giant’s stock. Macquarie’s target price points to a potential upside of 14.35% from the stock’s current price.
A number of other analysts have also commented on AMZN. Vetr lowered Amazon.com from a “buy” rating to a “hold” rating and set a $741.70 price target on the stock. in a report on Tuesday, June 21st. Sanford C. Bernstein restated an “outperform” rating and issued a $1,000.00 price target on shares of Amazon.com in a report on Wednesday, June 22nd. Maxim Group initiated coverage on Amazon.com in a report on Wednesday, June 22nd. They issued a “buy” rating and a $825.00 price target on the stock. JMP Securities reaffirmed a “market perform” rating and issued a $775.00 target price on shares of Amazon.com in a research report on Thursday, June 23rd. Finally, Brean Capital initiated coverage on Amazon.com in a research report on Wednesday, June 22nd. They issued a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating, forty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $899.20.
Amazon.com (NASDAQ:AMZN) traded down 0.21% during trading on Wednesday, reaching $815.95. The company had a trading volume of 868,336 shares. Amazon.com has a 12 month low of $474.00 and a 12 month high of $847.21. The company has a market capitalization of $386.82 billion, a P/E ratio of 202.92 and a beta of 1.20. The stock has a 50 day moving average of $802.60 and a 200-day moving average of $731.43.
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Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.67. The company had revenue of $30.40 billion for the quarter, compared to analyst estimates of $29.54 billion. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. The company’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.19 earnings per share. Equities research analysts expect that Amazon.com will post $5.85 EPS for the current fiscal year.
In other Amazon.com news, insider Jeffrey M. Blackburn sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $760.98, for a total value of $7,609,800.00. Following the sale, the insider now owns 55,887 shares in the company, valued at $42,528,889.26. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 625 shares of the company’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $770.10, for a total transaction of $481,312.50. Following the completion of the sale, the vice president now owns 6,519 shares in the company, valued at approximately $5,020,281.90. The disclosure for this sale can be found here. 17.70% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in the company. Montrusco Bolton Investments Inc. boosted its stake in shares of Amazon.com by 34.0% in the third quarter. Montrusco Bolton Investments Inc. now owns 10,754 shares of the e-commerce giant’s stock worth $9,004,000 after buying an additional 2,729 shares during the period. Davis R M Inc. boosted its stake in shares of Amazon.com by 3.5% in the third quarter. Davis R M Inc. now owns 1,786 shares of the e-commerce giant’s stock worth $1,495,000 after buying an additional 60 shares during the period. CHURCHILL MANAGEMENT Corp boosted its stake in shares of Amazon.com by 11.0% in the third quarter. CHURCHILL MANAGEMENT Corp now owns 13,122 shares of the e-commerce giant’s stock worth $10,987,000 after buying an additional 1,296 shares during the period. RNC Capital Management LLC boosted its stake in shares of Amazon.com by 19.4% in the third quarter. RNC Capital Management LLC now owns 418 shares of the e-commerce giant’s stock worth $350,000 after buying an additional 68 shares during the period. Finally, Trust Co. of Virginia VA boosted its stake in shares of Amazon.com by 10.4% in the third quarter. Trust Co. of Virginia VA now owns 690 shares of the e-commerce giant’s stock worth $578,000 after buying an additional 65 shares during the period. Institutional investors and hedge funds own 65.47% of the company’s stock.
Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).
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