Amazon.com (NASDAQ:AMZN) was upgraded by equities researchers at Oppenheimer to an “outperform” rating in a research report issued on Monday. The brokerage presently has a $1,650.00 target price on the e-commerce giant’s stock, up from their previous target price of $1,450.00. Oppenheimer’s price target points to a potential upside of 15.39% from the company’s current price.
A number of other equities analysts have also recently issued reports on AMZN. Needham & Company LLC restated a “buy” rating on shares of Amazon.com in a report on Monday. Atlantic Securities restated a “buy” rating on shares of Amazon.com in a report on Friday. JMP Securities restated a “neutral” rating on shares of Amazon.com in a report on Friday. Monness Crespi & Hardt restated a “neutral” rating on shares of Amazon.com in a report on Friday. Finally, Deutsche Bank restated a “buy” rating and issued a $1,525.00 target price on shares of Amazon.com in a report on Tuesday, January 30th. Six research analysts have rated the stock with a hold rating, forty-seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Amazon.com presently has an average rating of “Buy” and a consensus price target of $1,412.13.
Amazon.com (NASDAQ AMZN) opened at $1,429.95 on Monday. Amazon.com has a 1 year low of $803.00 and a 1 year high of $1,498.00. The stock has a market capitalization of $692,249.06, a price-to-earnings ratio of 232.51, a PEG ratio of 8.23 and a beta of 1.63. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.76 and a current ratio of 1.04.
In related news, Director Tom A. Alberg sold 835 shares of Amazon.com stock in a transaction on Monday, November 27th. The stock was 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 $20,583,692.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chief Executive Officer of Worldwide Consumer Jeffrey A. Wilke sold 2,800 shares of Amazon.com stock in a transaction on Friday, December 8th. The shares were sold at an average price of $1,160.34, for a total value of $3,248,952.00. Following the sale, 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 have sold 9,368 shares of company stock valued at $10,726,970. Insiders own 17.00% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMZN. Day & Ennis LLC lifted its position in shares of Amazon.com by 21.3% in the second quarter. Day & Ennis LLC now owns 279 shares of the e-commerce giant’s stock worth $270,000 after buying an additional 49 shares during the last quarter. Taylor Cottrill Erickson & Associates Inc. lifted its position in shares of Amazon.com by 5.3% in the second quarter. Taylor Cottrill Erickson & Associates Inc. now owns 377 shares of the e-commerce giant’s stock worth $365,000 after buying an additional 19 shares during the last quarter. Schnieders Capital Management LLC lifted its position in shares of Amazon.com by 10.4% in the second quarter. Schnieders Capital Management LLC now owns 1,222 shares of the e-commerce giant’s stock worth $1,183,000 after buying an additional 115 shares during the last quarter. Loeb Partners Corp lifted its position in shares of Amazon.com by 42.9% in the second quarter. Loeb Partners Corp now owns 1,000 shares of the e-commerce giant’s stock worth $968,000 after buying an additional 300 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of Amazon.com by 1.5% in the second quarter. Janney Montgomery Scott LLC now owns 55,213 shares of the e-commerce giant’s stock worth $53,446,000 after buying an additional 812 shares during the last quarter. 59.49% of the stock is owned by hedge funds and other institutional investors.
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.
