Amazon.com (AMZN) Upgraded to Buy by BidaskClub
Several other equities analysts also recently issued reports on the stock. Evercore ISI began coverage on shares of Amazon.com in a research note on Wednesday. They set an outperform rating and a $1,965.00 price objective on the stock. Wells Fargo & Co set a $2,100.00 price objective on shares of Amazon.com and gave the company a buy rating in a research note on Monday, March 18th. Cleveland Research began coverage on shares of Amazon.com in a research note on Thursday, February 28th. They set a buy rating on the stock. Zacks Investment Research downgraded shares of Amazon.com from a buy rating to a hold rating in a research note on Tuesday, February 5th. Finally, Oppenheimer reduced their price objective on shares of Amazon.com from $2,020.00 to $1,975.00 and set an outperform rating on the stock in a research note on Monday, February 4th. Four equities research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $2,114.88.
Shares of NASDAQ AMZN traded down $54.49 on Friday, hitting $1,764.77. The company’s stock had a trading volume of 6,346,873 shares, compared to its average volume of 4,445,887. Amazon.com has a 12-month low of $1,307.00 and a 12-month high of $2,050.50. The company has a market capitalization of $866.86 billion, a PE ratio of 87.63, a price-to-earnings-growth ratio of 2.17 and a beta of 1.62. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.10 and a quick ratio of 0.85.
In other news, CEO Jeffrey A. Wilke sold 1,645 shares of the stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $1,614.65, for a total value of $2,656,099.25. Following the completion of the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $16,146,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jeffrey M. Blackburn sold 2,055 shares of the stock in a transaction on Friday, February 15th. The stock was sold at an average price of $1,616.34, for a total transaction of $3,321,578.70. Following the completion of the sale, the senior vice president now directly owns 46,596 shares of the company’s stock, valued at approximately $75,314,978.64. The disclosure for this sale can be found here. Insiders sold 5,075 shares of company stock valued at $8,180,428 in the last three months. Company insiders own 16.30% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund grew its holdings in Amazon.com by 150,721.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 109,486,103 shares of the e-commerce giant’s stock worth $73,000 after acquiring an additional 109,413,510 shares in the last quarter. Vanguard Group Inc grew its holdings in Amazon.com by 1.8% during the 3rd quarter. Vanguard Group Inc now owns 29,599,653 shares of the e-commerce giant’s stock worth $59,288,105,000 after acquiring an additional 516,913 shares in the last quarter. BlackRock Inc. grew its holdings in Amazon.com by 1.0% during the 4th quarter. BlackRock Inc. now owns 25,807,758 shares of the e-commerce giant’s stock worth $38,762,479,000 after acquiring an additional 261,129 shares in the last quarter. FMR LLC grew its holdings in Amazon.com by 1.4% during the 4th quarter. FMR LLC now owns 17,813,364 shares of the e-commerce giant’s stock worth $26,755,140,000 after acquiring an additional 237,622 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Amazon.com by 6.4% during the 4th quarter. Geode Capital Management LLC now owns 5,061,159 shares of the e-commerce giant’s stock worth $7,587,716,000 after acquiring an additional 304,896 shares in the last quarter. 55.12% of the stock is owned by institutional investors.
Amazon.com Company Profile
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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