Amazon.com, Inc. (AMZN) Given a $1,250.00 Price Target at Wedbush
Amazon.com, Inc. (NASDAQ:AMZN) has been given a $1,250.00 target price by analysts at Wedbush in a research report issued on Monday. The brokerage currently has a “buy” rating on the e-commerce giant’s stock. Wedbush’s target price suggests a potential upside of 29.36% from the stock’s current price.
A number of other brokerages also recently issued reports on AMZN. Barclays PLC reaffirmed an “overweight” rating and set a $1,120.00 price target on shares of Amazon.com in a report on Monday, June 26th. Vetr raised Amazon.com from a “buy” rating to a “strong-buy” rating and set a $1,095.08 price target on the stock in a report on Tuesday, June 27th. Deutsche Bank AG reaffirmed a “buy” rating and set a $1,150.00 price target on shares of Amazon.com in a report on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Amazon.com in a report on Wednesday, June 28th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $1,200.00 price target on shares of Amazon.com in a report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, forty-seven have given a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $1,121.48.
Shares of Amazon.com (NASDAQ:AMZN) traded down 1.69% during midday trading on Monday, hitting $966.30. The stock had a trading volume of 3,494,100 shares. The stock’s 50-day moving average is $976.55 and its 200-day moving average is $972.29. Amazon.com has a 12 month low of $710.10 and a 12 month high of $1,083.31. The stock has a market cap of $464.19 billion, a PE ratio of 245.75 and a beta of 1.47.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($1.00). Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The company had revenue of $37.96 billion during the quarter, compared to the consensus estimate of $37.18 billion. During the same period last year, the firm posted $1.78 earnings per share. The company’s revenue was up 24.8% compared to the same quarter last year. Equities analysts anticipate that Amazon.com will post $3.63 EPS for the current year.
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In related news, CEO Jeffrey A. Wilke sold 2,800 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total transaction of $2,674,560.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at $9,552,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 1,985 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $986.12, for a total value of $1,957,448.20. Following the sale, the chief executive officer now owns 81,479 shares of the company’s stock, valued at approximately $80,348,071.48. The disclosure for this sale can be found here. Insiders have sold 9,083 shares of company stock valued at $8,874,850 in the last quarter. 17.70% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in AMZN. Waldron LP boosted its stake in Amazon.com by 43.6% during the first quarter. Waldron LP now owns 1,762 shares of the e-commerce giant’s stock valued at $1,521,000 after buying an additional 535 shares during the last quarter. Progressive Investment Management Corp boosted its stake in Amazon.com by 1.9% during the first quarter. Progressive Investment Management Corp now owns 5,419 shares of the e-commerce giant’s stock valued at $4,804,000 after buying an additional 100 shares during the last quarter. Dock Street Asset Management Inc. boosted its stake in Amazon.com by 15.3% during the first quarter. Dock Street Asset Management Inc. now owns 13,378 shares of the e-commerce giant’s stock valued at $11,860,000 after buying an additional 1,779 shares during the last quarter. NBT Bank N A NY boosted its stake in Amazon.com by 38.1% during the first quarter. NBT Bank N A NY now owns 743 shares of the e-commerce giant’s stock valued at $659,000 after buying an additional 205 shares during the last quarter. Finally, Chickasaw Capital Management LLC bought a new position in Amazon.com during the first quarter valued at approximately $1,336,000. Hedge funds and other institutional investors own 60.73% of the company’s stock.
Amazon.com Company Profile
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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