Amazon.com, Inc. (AMZN) Receives $2,036.17 Consensus Price Target from Analysts
Shares of Amazon.com, Inc. (NASDAQ:AMZN) have been given an average rating of “Buy” by the fifty-four brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and fifty have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $2,045.68.
Several analysts have issued reports on the stock. Macquarie reaffirmed a “buy” rating on shares of Amazon.com in a research report on Friday, June 22nd. Jefferies Financial Group reissued a “buy” rating and issued a $2,350.00 price objective (up from $2,185.00) on shares of Amazon.com in a research report on Tuesday. JMP Securities reissued a “buy” rating on shares of Amazon.com in a research report on Thursday, June 21st. BidaskClub lowered shares of Amazon.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 26th. Finally, Zacks Investment Research raised shares of Amazon.com from a “hold” rating to a “buy” rating and set a $1,993.00 price objective on the stock in a research report on Tuesday, July 31st.
In related news, Director Thomas O. Ryder sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $1,783.81, for a total value of $8,919,050.00. Following the transaction, the director now directly owns 10,752 shares in the company, valued at $19,179,525.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $1,981.72, for a total transaction of $3,963,440.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $19,817,200. The disclosure for this sale can be found here. Insiders sold 25,308 shares of company stock worth $47,905,498 over the last 90 days. 16.30% of the stock is currently owned by corporate insiders.
NASDAQ AMZN traded up $14.84 on Friday, hitting $1,949.20. 70,625 shares of the stock were exchanged, compared to its average volume of 4,882,437. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.70. Amazon.com has a 52 week low of $931.75 and a 52 week high of $2,050.50. The firm has a market capitalization of $934.03 billion, a P/E ratio of 427.89, a price-to-earnings-growth ratio of 3.99 and a beta of 1.60.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.49 by $2.58. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. The firm had revenue of $52.89 billion for the quarter, compared to analyst estimates of $53.37 billion. During the same period in the prior year, the firm posted $0.40 earnings per share. The company’s quarterly revenue was up 39.3% compared to the same quarter last year. research analysts anticipate that Amazon.com will post 17.77 EPS for the current fiscal year.
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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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