Amazon.com (NASDAQ:AMZN) had its target price boosted by analysts at Wells Fargo & Co to $1,700.00 in a research report issued on Friday, The Fly reports. The brokerage currently has an “outperform” rating on the e-commerce giant’s stock. Wells Fargo & Co’s target price would suggest a potential upside of 18.89% from the company’s previous close.
AMZN has been the topic of several other research reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $1,100.00 price objective on shares of Amazon.com in a research report on Tuesday, October 24th. Loop Capital set a $1,200.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a research report on Friday, October 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,250.00 price objective (up previously from $1,150.00) on shares of Amazon.com in a research report on Friday, October 27th. Cantor Fitzgerald lifted their price objective on shares of Amazon.com to $1,360.00 and gave the stock an “overweight” rating in a research report on Friday, October 27th. They noted that the move was a valuation call. Finally, Vetr lowered shares of Amazon.com from a “hold” rating to a “sell” rating and set a $1,346.44 price objective on the stock. in a research report on Monday, January 29th. Six equities research analysts have rated the stock with a hold rating, forty-seven have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $1,385.74.
Amazon.com (NASDAQ:AMZN) traded up $39.95 on Friday, hitting $1,429.95. 11,012,011 shares of the company were exchanged, compared to its average volume of 4,090,000. 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 one year low of $803.00 and a one year high of $1,498.00. The company has a market capitalization of $708,860.00, a price-to-earnings ratio of 231.76, a P/E/G ratio of 8.02 and a beta of 1.63.
In other Amazon.com news, Director Tom A. Alberg sold 835 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $1,202.74, for a total value of $1,004,287.90. Following the completion of the transaction, the director now owns 17,114 shares of the company’s stock, valued at approximately $20,583,692.36. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chief Executive Officer of Worldwide Consumer Jeffrey A. Wilke sold 2,800 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $1,160.34, for a total transaction of $3,248,952.00. Following the completion of the transaction, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $11,603,400. The disclosure for this sale can be found here. In the last three months, insiders sold 11,228 shares of company stock valued at $12,790,082. Corporate insiders own 17.70% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Whitnell & Co. raised its holdings in 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 buying an additional 93 shares during the last quarter. Vestor Capital LLC raised its holdings in 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 buying an additional 10 shares during the last quarter. LeJeune Puetz Investment Counsel LLC bought a new stake in Amazon.com during the 2nd quarter valued at $116,000. Portfolio Solutions LLC bought a new stake in Amazon.com during the 4th quarter valued at $119,000. Finally, Mountain Capital Investment Advisors Inc bought a new stake in Amazon.com during the 2nd quarter valued at $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.
