Amazon.com (AMZN) PT Raised to $1,750.00 at Jefferies Group

Amazon.com (NASDAQ:AMZN) had its target price upped by research analysts at Jefferies Group from $1,450.00 to $1,750.00 in a research report issued on Friday. The firm presently has a “buy” rating on the e-commerce giant’s stock. Jefferies Group’s price target points to a potential upside of 22.38% from the stock’s previous close. Jefferies Group also issued estimates for Amazon.com’s Q2 2018 earnings at $1.48 EPS, Q4 2018 earnings at $3.46 EPS and FY2019 earnings at $15.54 EPS.

AMZN has been the subject of a number of other research reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $1,100.00 target price on shares of Amazon.com in a report on Tuesday, October 24th. Loop Capital set a $1,200.00 price objective on Amazon.com and gave the stock a “buy” rating in a report on Friday, October 20th. Needham & Company LLC reissued a “buy” rating and set a $1,250.00 price objective (up previously from $1,150.00) on shares of Amazon.com in a report on Friday, October 27th. Cantor Fitzgerald boosted their price objective on Amazon.com to $1,360.00 and gave the stock an “overweight” rating in a report on Friday, October 27th. They noted that the move was a valuation call. Finally, Vetr lowered Amazon.com from a “hold” rating to a “sell” rating and set a $1,346.44 price objective for the company. in a report on Monday, January 29th. Six research analysts have rated the stock with a hold rating, forty-seven have issued a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $1,385.74.

Amazon.com (NASDAQ:AMZN) traded up $39.95 during mid-day trading on Friday, reaching $1,429.95. The company’s stock had a trading volume of 11,012,011 shares, compared to its average volume of 4,090,000. 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 cap of $708,860.00, a price-to-earnings ratio of 231.76, a PEG ratio of 8.02 and a beta of 1.63. Amazon.com has a 1-year low of $803.00 and a 1-year high of $1,498.00.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.85 by $0.31. The business had revenue of $60.45 billion during the quarter, compared to analyst estimates of $59.85 billion. Amazon.com had a return on equity of 9.68% and a net margin of 1.71%. The company’s quarterly revenue was up 38.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.54 EPS. sell-side analysts expect that Amazon.com will post 8.31 EPS for the current fiscal year.

In other Amazon.com news, CEO Andrew R. Jassy sold 1,985 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $1,125.38, for a total value of $2,233,879.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 544 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,126.27, for a total value of $612,690.88. The disclosure for this sale can be found here. Insiders sold 11,228 shares of company stock valued at $12,790,082 in the last quarter. Corporate insiders own 17.70% of the company’s stock.

A number of hedge funds have recently made changes to their positions in AMZN. Whitnell & Co. increased its stake in shares of Amazon.com by 581.3% during the third quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after buying an additional 93 shares during the period. Vestor Capital LLC increased its stake in shares of Amazon.com by 10.1% during the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after buying an additional 10 shares during the period. LeJeune Puetz Investment Counsel LLC purchased a new position in shares of Amazon.com during the second quarter valued at approximately $116,000. Portfolio Solutions LLC purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $119,000. Finally, Mountain Capital Investment Advisors Inc purchased a new position in shares of Amazon.com during the second quarter valued at approximately $121,000. Hedge funds and other institutional investors own 59.80% of the company’s stock.

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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.