Amazon.com (NASDAQ:AMZN) had its target price raised by equities research analysts at Needham & Company LLC from $1,250.00 to $1,600.00 in a note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the e-commerce giant’s stock. Needham & Company LLC’s target price indicates a potential upside of 12.86% from the stock’s previous close.
Several other equities analysts have also issued reports on AMZN. SunTrust Banks reiterated a “buy” rating and issued a $1,190.00 price target on shares of Amazon.com in a research note on Monday, October 2nd. Loop Capital reiterated a “buy” rating and issued a $1,200.00 price target on shares of Amazon.com in a research note on Monday, October 2nd. Morgan Stanley reiterated a “buy” rating and issued a $1,150.00 price target on shares of Amazon.com in a research note on Tuesday, October 10th. Vetr lowered Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,088.80 price target on the stock. in a research note on Tuesday, October 10th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $1,350.00 price target (up previously from $1,100.00) on shares of Amazon.com in a research note on Wednesday, October 11th. Four analysts have rated the stock with a hold rating, fifty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $1,316.87.
Amazon.com (NASDAQ:AMZN) opened at $1,417.68 on Tuesday. Amazon.com has a 52 week low of $803.00 and a 52 week high of $1,431.39. The company has a quick ratio of 0.74, a current ratio of 1.03 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $675,608.94, a price-to-earnings ratio of 359.82, a PEG ratio of 8.09 and a beta of 1.46.
A number of hedge funds and other institutional investors have recently made changes to their positions in AMZN. Bach Investment Advisors Ltd purchased a new stake in shares of Amazon.com during the second quarter worth $243,000. First Financial Corp IN lifted its position in shares of Amazon.com by 14.4% during the second quarter. First Financial Corp IN now owns 398 shares of the e-commerce giant’s stock worth $385,000 after acquiring an additional 50 shares in the last quarter. Leavell Investment Management Inc. lifted its position in shares of Amazon.com by 0.3% during the second quarter. Leavell Investment Management Inc. now owns 394 shares of the e-commerce giant’s stock worth $381,000 after acquiring an additional 1 shares in the last quarter. Nadler Financial Group Inc. lifted its position in shares of Amazon.com by 3.4% during the second quarter. Nadler Financial Group Inc. now owns 767 shares of the e-commerce giant’s stock worth $742,000 after acquiring an additional 25 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC lifted its position in shares of Amazon.com by 5.2% during the second quarter. Franklin Street Advisors Inc. NC now owns 10,429 shares of the e-commerce giant’s stock worth $10,095,000 after acquiring an additional 516 shares in the last quarter. 59.80% of the stock is owned by institutional investors and hedge funds.
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.
