Amazon.com (NASDAQ:AMZN) had its price target lifted by stock analysts at Morgan Stanley from $1,250.00 to $1,400.00 in a research report issued to clients and investors on Friday. The brokerage presently has an “overweight” rating on the e-commerce giant’s stock. Morgan Stanley’s price objective would indicate a potential upside of 0.54% from the stock’s previous close.
Several other brokerages have also recently issued reports on AMZN. Goldman Sachs Group reiterated a “buy” rating on shares of Amazon.com in a research note on Friday. Aegis reiterated a “buy” rating on shares of Amazon.com in a research note on Wednesday. JMP Securities reiterated a “buy” rating on shares of Amazon.com in a research note on Wednesday. DZ Bank reiterated a “buy” rating on shares of Amazon.com in a research note on Wednesday. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $1,500.00 price objective on shares of Amazon.com in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating, fifty-one have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $1,291.37.
Amazon.com (NASDAQ:AMZN) traded up $14.53 during trading hours on Friday, reaching $1,392.48. The company’s stock had a trading volume of 991,240 shares, compared to its average volume of 4,100,306. The company has a quick ratio of 0.74, a current ratio of 1.03 and a debt-to-equity ratio of 1.00. Amazon.com has a one year low of $803.00 and a one year high of $1,393.97. The firm has a market capitalization of $670,670.00, a PE ratio of 351.46, a price-to-earnings-growth ratio of 7.99 and a beta of 1.46.
In related news, VP Shelley Reynolds sold 544 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $1,126.27, for a total value of $612,690.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tom A. Alberg sold 835 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $1,202.74, for a total transaction of $1,004,287.90. Following the completion of the sale, the director now owns 17,114 shares of the company’s stock, valued at approximately $20,583,692.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 402,338 shares of company stock valued at $444,391,701. 17.70% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in the stock. Portfolio Solutions LLC acquired a new stake in shares of Amazon.com during the 4th quarter valued at approximately $119,000. Endurance Wealth Management Inc. lifted its position in shares of Amazon.com by 90.9% during the 4th quarter. Endurance Wealth Management Inc. now owns 105 shares of the e-commerce giant’s stock valued at $123,000 after acquiring an additional 50 shares during the period. Oak Point Wealth Management acquired a new stake in shares of Amazon.com during the 4th quarter valued at approximately $125,000. 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. Finally, Vestor Capital LLC lifted its position in shares of Amazon.com by 10.1% during the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after acquiring an additional 10 shares during the period. Hedge funds and other institutional investors own 59.78% 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.
