Amazon.com (NASDAQ:AMZN) had its price objective upped by Canaccord Genuity from $3,300.00 to $3,800.00 in a research report issued on Friday, BenzingaRatingsTable reports. The brokerage currently has a “buy” rating on the e-commerce giant’s stock. Canaccord Genuity’s price objective suggests a potential upside of 19.00% from the company’s previous close.
AMZN has been the subject of a number of other research reports. BofA Securities lifted their price objective on shares of Amazon.com from $3,280.00 to $3,560.00 and gave the stock a “buy” rating in a report on Friday. Morgan Stanley increased their price target on Amazon.com from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a research note on Friday. DZ Bank reissued a “buy” rating on shares of Amazon.com in a report on Wednesday, July 8th. Stifel Nicolaus boosted their price objective on Amazon.com from $3,300.00 to $3,500.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Telsey Advisory Group raised their target price on Amazon.com from $2,800.00 to $3,600.00 and gave the company an “outperform” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and forty-six have issued a buy rating to the company’s stock. Amazon.com currently has a consensus rating of “Buy” and an average target price of $3,088.40.
Shares of AMZN traded up $141.37 during mid-day trading on Friday, reaching $3,193.25. The company had a trading volume of 126,542 shares, compared to its average volume of 5,346,699. The stock has a market cap of $1,590.61 billion, a price-to-earnings ratio of 151.75, a price-to-earnings-growth ratio of 5.56 and a beta of 1.32. The company has a current ratio of 1.08, a quick ratio of 0.84 and a debt-to-equity ratio of 0.36. The firm has a fifty day simple moving average of $2,876.47 and a 200-day simple moving average of $2,308.68. Amazon.com has a fifty-two week low of $1,626.03 and a fifty-two week high of $3,344.29.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $10.30 EPS for the quarter, topping the Zacks’ consensus estimate of $1.70 by $8.60. Amazon.com had a return on equity of 17.83% and a net margin of 3.56%. As a group, equities analysts predict that Amazon.com will post 20.21 EPS for the current fiscal year.
In other news, Director Indra K. Nooyi bought 27 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were acquired at an average cost of $2,806.80 per share, with a total value of $75,783.60. Following the completion of the transaction, the director now directly owns 707 shares in the company, valued at $1,984,407.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 6,945 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $2,256.50, for a total value of $15,671,392.50. Following the transaction, the chief executive officer now owns 93,105 shares in the company, valued at $210,091,432.50. The disclosure for this sale can be found here. 16.10% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in AMZN. Advisor Group Holdings Inc. bought a new stake in Amazon.com in the first quarter valued at about $294,639,000. Vanguard Group Inc. raised its holdings in shares of Amazon.com by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 31,312,832 shares of the e-commerce giant’s stock worth $59,294,918,000 after buying an additional 387,740 shares in the last quarter. Vanguard Group Inc boosted its stake in Amazon.com by 1.8% in the 3rd quarter. Vanguard Group Inc now owns 29,599,653 shares of the e-commerce giant’s stock valued at $59,288,105,000 after buying an additional 516,913 shares in the last quarter. BlackRock Inc. boosted its stake in Amazon.com by 1.6% in the 2nd quarter. BlackRock Inc. now owns 26,082,028 shares of the e-commerce giant’s stock valued at $49,389,711,000 after buying an additional 415,448 shares in the last quarter. Finally, Wealth Quarterback LLC bought a new stake in Amazon.com in the fourth quarter valued at $2,313,511,000. Institutional investors and hedge funds own 64.54% of the company’s stock.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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