Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating reiterated by equities research analysts at JMP Securities in a report released on Friday.
A number of other brokerages also recently issued reports on AMZN. Credit Suisse Group restated an “outperform” rating on shares of Amazon.com in a report on Thursday, August 31st. Monness Crespi & Hardt upgraded Amazon.com from a “neutral” rating to a “buy” rating and set a $1,250.00 price target on the stock in a report on Friday, October 27th. Cowen reaffirmed an “outperform” rating and set a $1,125.00 price objective on shares of Amazon.com in a research report on Thursday, August 10th. Leerink Swann reaffirmed a “buy” rating on shares of Amazon.com in a research report on Monday, October 30th. Finally, TheStreet raised Amazon.com from a “c+” rating to a “b-” rating in a research report on Tuesday, November 7th. Five analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $1,207.37.
Shares of Amazon.com (NASDAQ AMZN) traded up $15.48 during trading hours on Friday, reaching $1,176.75. The company had a trading volume of 4,509,200 shares, compared to its average volume of 3,572,192. Amazon.com has a 52 week low of $736.70 and a 52 week high of $1,213.41. The stock has a market cap of $567,040.00, a P/E ratio of 302.94, a PEG ratio of 14.95 and a beta of 1.45. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03.
In other Amazon.com news, Director Tom A. Alberg sold 1,860 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $1,109.20, for a total value of $2,063,112.00. Following the completion of the sale, the director now directly owns 18,460 shares in the company, valued at $20,475,832. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey P. Bezos sold 391,110 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the completion of the sale, the chief executive officer now owns 79,891,433 shares of the company’s stock, valued at $88,162,593,058.49. The disclosure for this sale can be found here. Over the last three months, insiders have sold 399,538 shares of company stock worth $441,142,749. 17.00% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of AMZN. Baltimore Washington Financial Advisors Inc. acquired a new stake in Amazon.com during the 4th quarter worth $23,951,000. Vestor Capital LLC boosted its stake in Amazon.com by 10.1% in the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after purchasing an additional 10 shares during the period. Whitnell & Co. lifted its position in shares of Amazon.com by 581.3% during the 3rd quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after acquiring an additional 93 shares during the period. WealthTrust Arizona LLC lifted its position in shares of Amazon.com by 2.7% during the 2nd quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after acquiring an additional 3 shares during the period. Finally, OLD Second National Bank of Aurora raised its holdings in shares of Amazon.com by 15.0% during the 1st quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock worth $102,000 after buying an additional 15 shares in the last quarter. 59.70% of the stock is owned by hedge funds and other institutional investors.
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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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