Amazon.com, Inc. (NASDAQ:AMZN) Price Target Raised to $1,175.00
Amazon.com, Inc. (NASDAQ:AMZN) had its target price lifted by Deutsche Bank AG from $1,135.00 to $1,175.00 in a report issued on Friday. The brokerage currently has a buy rating on the e-commerce giant’s stock.
A number of other analysts have also issued reports on the stock. Robert W. Baird raised shares of Amazon.com from an outperform rating to a neutral rating in a research report on Monday, May 15th. Royal Bank Of Canada reduced their price target on shares of Amazon.com from $1,100.00 to $900.00 and set an outperform rating for the company in a research report on Monday, May 1st. Vetr lowered shares of Amazon.com from a buy rating to a hold rating and set a $1,000.35 price target for the company. in a research report on Monday, May 22nd. BMO Capital Markets reissued an outperform rating and issued a $1,200.00 price target (up from $900.00) on shares of Amazon.com in a research report on Tuesday, April 4th. Finally, Goldman Sachs Group, Inc. (The) reissued a buy rating on shares of Amazon.com in a research report on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $1,058.27.
Shares of Amazon.com (NASDAQ AMZN) traded up 0.93% during trading on Friday, reaching $996.95. 885,320 shares of the company traded hands. Amazon.com has a 12 month low of $710.10 and a 12 month high of $1,083.31. The firm has a 50-day moving average price of $998.39 and a 200-day moving average price of $917.27. The firm has a market capitalization of $478.91 billion, a PE ratio of 253.55 and a beta of 1.48.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results 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. The company had revenue of $37.96 billion during the quarter, compared to analysts’ expectations of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. Amazon.com’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period last year, the company earned $1.78 earnings per share. Equities research analysts anticipate that Amazon.com will post $6.72 EPS for the current year.
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In other news, Director Tom A. Alberg sold 735 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $952.80, for a total transaction of $700,308.00. Following the sale, the director now owns 21,120 shares in the company, valued at approximately $20,123,136. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Tom A. Alberg sold 670 shares of the company’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $940.45, for a total value of $630,101.50. Following the sale, the director now owns 21,855 shares in the company, valued at approximately $20,553,534.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,013,585 shares of company stock worth $954,068,366. Company insiders own 17.70% of the company’s stock.
Large investors have recently made changes to their positions in the company. First Republic Investment Management Inc. boosted its stake in shares of Amazon.com by 5.4% in the fourth quarter. First Republic Investment Management Inc. now owns 90,127 shares of the e-commerce giant’s stock worth $67,583,000 after buying an additional 4,624 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Amazon.com by 0.3% in the fourth quarter. Franklin Resources Inc. now owns 1,220,076 shares of the e-commerce giant’s stock worth $915,037,000 after buying an additional 3,434 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Amazon.com during the fourth quarter worth about $1,875,000. Girard Securities Inc. boosted its stake in shares of Amazon.com by 23.2% in the fourth quarter. Girard Securities Inc. now owns 1,319 shares of the e-commerce giant’s stock worth $989,000 after buying an additional 248 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC boosted its stake in shares of Amazon.com by 1.9% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 9,349 shares of the e-commerce giant’s stock worth $7,011,000 after buying an additional 175 shares in the last quarter. Institutional investors 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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