Amazon.com (NASDAQ:AMZN) had its price objective upped by equities research analysts at Loop Capital to $1,600.00 in a note issued to investors on Friday, The Fly reports. Loop Capital’s target price indicates a potential upside of 11.89% from the stock’s previous close.
A number of other analysts also recently weighed in on AMZN. Morgan Stanley reissued a “buy” rating and set a $1,150.00 target price on shares of Amazon.com in a research report on Tuesday, October 10th. Vetr downgraded shares of Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,088.80 target price for the company. in a research report on Tuesday, October 10th. Credit Suisse Group reissued an “outperform” rating and set a $1,350.00 target price (up previously from $1,100.00) on shares of Amazon.com in a research report on Wednesday, October 11th. Canaccord Genuity reissued a “buy” rating and set a $1,200.00 target price on shares of Amazon.com in a research report on Wednesday, October 11th. Finally, Atlantic Securities reissued a “buy” rating on shares of Amazon.com in a research report on Friday, October 13th. Six research analysts have rated the stock with a hold rating, forty-seven have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $1,385.74.
Amazon.com (NASDAQ:AMZN) traded up $39.95 during trading hours on Friday, reaching $1,429.95. 11,012,011 shares of the company’s stock were exchanged, compared to its average volume of 4,090,000. The firm has a market cap of $708,860.00, a P/E ratio of 231.76, a PEG ratio of 8.02 and a beta of 1.63. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.03 and a quick ratio of 0.74. Amazon.com has a twelve month low of $803.00 and a twelve month high of $1,498.00.
In related news, Director Tom A. Alberg sold 870 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $1,150.00, for a total value of $1,000,500.00. Following the transaction, the director now directly owns 17,949 shares in the company, valued at approximately $20,641,350. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Tom A. Alberg sold 1,860 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $1,109.20, for a total value of $2,063,112.00. Following the completion of the transaction, the director now owns 18,460 shares in the company, valued at $20,475,832. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,228 shares of company stock worth $12,790,082. 17.70% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of AMZN. LeJeune Puetz Investment Counsel LLC bought a new position in Amazon.com during the 2nd quarter valued at $116,000. Boyd Watterson Asset Management LLC OH lifted its stake in Amazon.com by 8.9% during the 2nd quarter. Boyd Watterson Asset Management LLC OH now owns 773 shares of the e-commerce giant’s stock valued at $748,000 after acquiring an additional 63 shares in the last quarter. Day & Ennis LLC lifted its stake in Amazon.com by 21.3% during the 2nd quarter. Day & Ennis LLC now owns 279 shares of the e-commerce giant’s stock valued at $270,000 after acquiring an additional 49 shares in the last quarter. Beese Fulmer Investment Management Inc. lifted its stake in Amazon.com by 6.9% during the 2nd quarter. Beese Fulmer Investment Management Inc. now owns 309 shares of the e-commerce giant’s stock valued at $299,000 after acquiring an additional 20 shares in the last quarter. Finally, Vigilant Capital Management LLC lifted its stake in Amazon.com by 328.5% during the 2nd quarter. Vigilant Capital Management LLC now owns 8,604 shares of the e-commerce giant’s stock valued at $8,329,000 after acquiring an additional 6,596 shares in the last quarter. Institutional investors and hedge funds own 59.80% of the company’s stock.
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About Amazon.com
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.
