Amazon.com (AMZN) Price Target Raised to $1,500.00 at Morgan Stanley

Amazon.com (NASDAQ:AMZN) had its target price raised by research analysts at Morgan Stanley from $1,400.00 to $1,500.00 in a research report issued on Friday. The brokerage currently has an “overweight” rating on the e-commerce giant’s stock. Morgan Stanley’s price target suggests a potential upside of 7.91% from the company’s current price.

A number of other analysts have also commented on the company. Canaccord Genuity reiterated a “buy” rating and issued a $1,200.00 price objective on shares of Amazon.com in a research report on Wednesday, October 11th. Wedbush set a $1,250.00 price objective on Amazon.com and gave the stock a “buy” rating in a research report on Monday, October 23rd. Atlantic Securities reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, October 27th. DA Davidson lifted their price objective on Amazon.com from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Wednesday, November 29th. Finally, Loop Capital set a $1,200.00 price objective on Amazon.com and gave the stock a “buy” rating in a research report on Friday, October 20th. Six equities research analysts have rated the stock with a hold rating, forty-seven have given a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $1,436.23.

Shares of Amazon.com (NASDAQ AMZN) traded down $39.95 during mid-day trading on Friday, reaching $1,390.00. The company had a trading volume of 11,330,000 shares, compared to its average volume of 4,370,000. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.76 and a current ratio of 1.04. The firm has a market capitalization of $669,800.00, a price-to-earnings ratio of 225.28, a price-to-earnings-growth ratio of 8.23 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 announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $2.16 EPS for the quarter, topping the Zacks’ consensus estimate of $1.85 by $0.31. The firm 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 9.23% and a net margin of 1.71%. The company’s revenue was up 38.2% on a year-over-year basis. During the same period last year, the company earned $1.54 earnings per share. analysts expect that Amazon.com will post 8.33 EPS for the current year.

In related news, 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 transaction, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $11,603,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tom A. Alberg sold 835 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $1,202.74, for a total value of $1,004,287.90. Following the transaction, the director now directly owns 17,114 shares in the company, valued at $20,583,692.36. The disclosure for this sale can be found here. Insiders have sold a total of 9,368 shares of company stock worth $10,726,970 over the last three months. 17.00% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of AMZN. Whitnell & Co. grew its holdings in Amazon.com by 581.3% in 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 in the last quarter. Vestor Capital LLC grew its holdings in Amazon.com by 10.1% in 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 in the last quarter. Portfolio Solutions LLC acquired a new position in Amazon.com in the 4th quarter valued at $119,000. Mountain Capital Investment Advisors Inc acquired a new position in Amazon.com in the 2nd quarter valued at $121,000. Finally, Endurance Wealth Management Inc. grew its holdings in Amazon.com by 90.9% in the 4th quarter. Endurance Wealth Management Inc. now owns 105 shares of the e-commerce giant’s stock valued at $123,000 after buying an additional 50 shares in the last quarter. 59.49% of the stock is currently owned by institutional investors and hedge funds.

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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.