Amazon.com, Inc. (AMZN) Price Target Raised to $1,171.00
Amazon.com, Inc. (NASDAQ:AMZN) had its target price boosted by Aegis from $1,069.00 to $1,171.00 in a research note issued to investors on Friday morning, MarketBeat reports. Aegis currently has a buy rating on the e-commerce giant’s stock.
A number of other research firms have also recently issued reports on AMZN. Deutsche Bank AG upped their price objective on Amazon.com from $1,050.00 to $1,125.00 and gave the stock a buy rating in a report on Friday, April 28th. Robert W. Baird reiterated an outperform rating and issued a $850.00 price objective on shares of Amazon.com in a report on Monday, May 1st. MKM Partners reiterated a buy rating on shares of Amazon.com in a report on Thursday, March 30th. Raymond James Financial, Inc. cut Amazon.com from an outperform rating to a mkt perform rating in a report on Wednesday, April 26th. Finally, Goldman Sachs Group, Inc. (The) reiterated a buy rating on shares of Amazon.com in a report on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Amazon.com presently has a consensus rating of Buy and a consensus target price of $1,058.27.
Amazon.com (NASDAQ AMZN) traded up 0.93% during trading on Friday, reaching $996.95. The company’s stock had a trading volume of 885,320 shares. The company has a market cap of $478.91 billion, a PE ratio of 253.55 and a beta of 1.48. Amazon.com has a 52-week low of $710.10 and a 52-week high of $1,083.31. The stock has a 50-day moving average price of $998.39 and a 200 day moving average price of $917.27.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by $1.00. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The firm had revenue of $37.96 billion during the quarter, compared to analysts’ expectations of $37.18 billion. During the same quarter in the previous year, the company posted $1.78 earnings per share. Amazon.com’s revenue for the quarter was up 24.8% compared to the same quarter last year. On average, analysts expect that Amazon.com will post $6.72 EPS for the current year.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $949.49, for a total transaction of $1,898,980.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $9,494,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tom A. Alberg sold 670 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $940.45, for a total value of $630,101.50. Following the transaction, the director now owns 21,855 shares of the company’s stock, valued at approximately $20,553,534.75. The disclosure for this sale can be found here. Insiders have sold 1,013,585 shares of company stock valued at $954,068,366 in the last 90 days. Company insiders own 17.70% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in AMZN. OLD Second National Bank of Aurora raised its position in shares of Amazon.com by 15.0% in the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock valued at $102,000 after buying an additional 15 shares during the period. Clear Investment Research LLC raised its position in shares of Amazon.com by 73,100.0% in the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock valued at $107,000 after buying an additional 731 shares during the period. WealthTrust Arizona LLC raised its position in shares of Amazon.com by 2.7% in the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after buying an additional 3 shares during the period. Ibex Wealth Advisors acquired a new position in shares of Amazon.com during the fourth quarter valued at about $113,000. Finally, LeJeune Puetz Investment Counsel LLC acquired a new position in shares of Amazon.com during the second quarter valued at about $116,000. Institutional investors and hedge funds own 62.50% of the company’s stock.
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 North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
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