Macquarie Analysts Give Amazon.com Inc. (AMZN) a $935.00 Price Target
Amazon.com Inc. (NASDAQ:AMZN) has been assigned a $935.00 target price by research analysts at Macquarie in a research report issued to clients and investors on Wednesday. The brokerage presently has a a “buy” rating on the e-commerce giant’s stock. Macquarie’s price objective suggests a potential upside of 14.35% from the company’s previous close.
Several other research firms have also weighed in on AMZN. Vetr raised Amazon.com from a “hold” rating to a “buy” rating and set a $880.16 price objective on the stock in a research note on Thursday, October 6th. Zacks Investment Research raised Amazon.com from a “hold” rating to a “strong-buy” rating and set a $968.00 price objective on the stock in a research note on Friday, October 7th. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $900.00 price objective on shares of Amazon.com in a research note on Tuesday, October 4th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $985.00 price objective on shares of Amazon.com in a research note on Wednesday, October 12th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $847.00 price objective on shares of Amazon.com in a research note on Wednesday, October 12th. Five research analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $899.20.
Shares of Amazon.com (NASDAQ:AMZN) traded down 0.071% during trading on Wednesday, reaching $817.071. The company had a trading volume of 942,741 shares. The company has a market capitalization of $387.35 billion, a P/E ratio of 203.201 and a beta of 1.20. The firm has a 50-day moving average price of $802.60 and a 200-day moving average price of $731.43. Amazon.com has a 52-week low of $474.00 and a 52-week high of $847.21.
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Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.67. The business 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 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 EPS. On average, analysts predict that Amazon.com will post $5.85 EPS for the current fiscal year.
In other Amazon.com news, CEO Andrew R. Jassy sold 14,000 shares of the stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $800.00, for a total value of $11,200,000.00. Following the transaction, the chief executive officer now directly owns 68,141 shares in the company, valued at approximately $54,512,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 625 shares of the stock in a transaction on Monday, August 15th. The shares were sold at an average price of $770.10, for a total value of $481,312.50. Following the completion of the transaction, the vice president now owns 6,519 shares in the company, valued at $5,020,281.90. The disclosure for this sale can be found here. Corporate insiders own 17.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Pathstone Family Office LLC raised its position in shares of Amazon.com by 92.1% in the second quarter. Pathstone Family Office LLC now owns 146 shares of the e-commerce giant’s stock worth $105,000 after buying an additional 70 shares during the last quarter. Kistler Tiffany Companies LLC raised its position in shares of Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock worth $108,000 after buying an additional 136 shares during the last quarter. Kings Point Capital Management purchased a new position in shares of Amazon.com during the second quarter worth approximately $109,000. D. Scott Neal Inc. raised its position in shares of Amazon.com by 3,000.0% in the third quarter. D. Scott Neal Inc. now owns 155 shares of the e-commerce giant’s stock worth $130,000 after buying an additional 150 shares during the last quarter. Finally, Krilogy Financial LLC raised its position in shares of Amazon.com by 157.1% in the second quarter. Krilogy Financial LLC now owns 198 shares of the e-commerce giant’s stock worth $142,000 after buying an additional 121 shares during the last quarter. Hedge funds and other institutional investors 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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