Amazon.com (NASDAQ:AMZN) had its price objective increased by investment analysts at Canaccord Genuity from $2,000.00 to $2,100.00 in a research note issued to investors on Friday, July 27th, Marketbeat.com reports. The firm presently has a “buy” rating on the e-commerce giant’s stock. Canaccord Genuity’s target price would indicate a potential upside of 11.33% from the stock’s previous close.
A number of other brokerages have also recently issued reports on AMZN. Nomura reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, July 27th. DA Davidson raised their price objective on shares of Amazon.com to $2,200.00 and gave the stock a “buy” rating in a report on Friday, July 27th. Stifel Nicolaus reaffirmed a “buy” rating and set a $2,020.00 target price on shares of Amazon.com in a research note on Friday, July 27th. BMO Capital Markets raised their target price on shares of Amazon.com from $2,000.00 to $2,250.00 and gave the company an “outperform” rating in a research note on Friday, July 27th. Finally, Piper Jaffray Companies raised their target price on shares of Amazon.com from $1,850.00 to $2,075.00 and gave the company an “overweight” rating in a research note on Tuesday, July 17th. Two research analysts have rated the stock with a hold rating, fifty have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $1,933.51.
Amazon.com traded down $12.22, reaching $1,886.30, during trading on Friday, according to Marketbeat Ratings. The stock had a trading volume of 3,620,761 shares, compared to its average volume of 5,021,807. Amazon.com has a one year low of $931.75 and a one year high of $1,914.57. The stock has a market cap of $925.99 billion, a PE ratio of 414.57, a P/E/G ratio of 4.15 and a beta of 1.60. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 0.70.
In related news, Director Thomas O. Ryder sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $1,783.81, for a total transaction of $8,919,050.00. Following the sale, the director now owns 10,752 shares in the company, valued at $19,179,525.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Tom A. Alberg sold 2,320 shares of the firm’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $1,827.29, for a total transaction of $4,239,312.80. The disclosure for this sale can be found here. Insiders sold 16,438 shares of company stock worth $27,553,529 in the last quarter. Company insiders own 16.30% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Berkshire Capital Holdings Inc. acquired a new position in Amazon.com during the first quarter valued at approximately $17,715,000. Suntrust Banks Inc. increased its stake in shares of Amazon.com by 14.9% in the 4th quarter. Suntrust Banks Inc. now owns 67,992 shares of the e-commerce giant’s stock valued at $79,513,000 after purchasing an additional 8,806 shares during the last quarter. Waratah Capital Advisors Ltd. acquired a new stake in shares of Amazon.com during the 1st quarter valued at $964,000. Wealthfront Inc. boosted its holdings in shares of Amazon.com by 12.8% during the 4th quarter. Wealthfront Inc. now owns 18,696 shares of the e-commerce giant’s stock valued at $21,864,000 after acquiring an additional 2,117 shares in the last quarter. Finally, Wright Investors Service Inc. boosted its holdings in shares of Amazon.com by 8.1% during the 4th quarter. Wright Investors Service Inc. now owns 6,527 shares of the e-commerce giant’s stock valued at $7,633,000 after acquiring an additional 491 shares in the last quarter. Hedge funds and other institutional investors own 57.12% of the company’s stock.
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 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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