Amazon.com (NASDAQ:AMZN) Price Target Raised to $2,085.00

Amazon.com (NASDAQ:AMZN) had its target price hoisted by equities researchers at Oppenheimer from $1,975.00 to $2,085.00 in a research note issued to investors on Monday, April 1st, MarketBeat reports. The brokerage currently has an “outperform” rating on the e-commerce giant’s stock. Oppenheimer’s price objective points to a potential upside of 6.89% from the stock’s previous close. Oppenheimer also issued estimates for Amazon.com’s Q1 2019 earnings at $4.50 EPS, Q2 2019 earnings at $6.80 EPS, Q3 2019 earnings at $7.91 EPS, Q4 2019 earnings at $8.73 EPS, FY2019 earnings at $27.86 EPS and FY2020 earnings at $43.04 EPS.

AMZN has been the subject of several other research reports. BidaskClub upgraded shares of Amazon.com from a “sell” rating to a “hold” rating in a research note on Friday, January 4th. Goldman Sachs Group reiterated a “buy” rating on shares of Amazon.com in a research note on Friday, February 1st. Citigroup reiterated an “in-line” rating and issued a $2,000.00 price objective on shares of Amazon.com in a research note on Friday, February 1st. Royal Bank of Canada reiterated a “buy” rating and issued a $2,300.00 price objective on shares of Amazon.com in a research note on Friday, December 21st. Finally, Morgan Stanley reiterated a “buy” rating on shares of Amazon.com in a research note on Monday, December 10th. Five analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $2,151.56.

Amazon.com stock traded up $48.38 during midday trading on Monday, hitting $1,950.63. 8,090,426 shares of the company’s stock were exchanged, compared to its average volume of 4,818,619. 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 $946.60 billion, a P/E ratio of 96.85, a PEG ratio of 2.32 and a beta of 1.63. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, April 25th. The e-commerce giant reported $7.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.61 by $2.48. Amazon.com had a net margin of 4.33% and a return on equity of 27.02%. The company had revenue of $59.70 billion during the quarter, compared to analysts’ expectations of $59.73 billion. During the same quarter last year, the business earned $3.27 EPS. The business’s revenue was up 17.0% on a year-over-year basis. As a group, equities analysts expect that Amazon.com will post 26.64 earnings per share for the current year.

In related news, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $1,811.14, for a total value of $3,622,280.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at $18,111,400. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 1,645 shares of Amazon.com stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $1,614.65, for a total transaction of $2,656,099.25. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $16,146,500. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,075 shares of company stock valued at $11,802,708. 16.30% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the business. DORCHESTER WEALTH MANAGEMENT Co lifted its position in shares of Amazon.com by 4.1% during the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 154 shares of the e-commerce giant’s stock worth $231,000 after purchasing an additional 6 shares in the last quarter. Woodstock Corp raised its holdings in Amazon.com by 4.1% in the first quarter. Woodstock Corp now owns 151 shares of the e-commerce giant’s stock valued at $269,000 after acquiring an additional 6 shares in the last quarter. Triangle Securities Wealth Management raised its holdings in Amazon.com by 0.8% in the first quarter. Triangle Securities Wealth Management now owns 719 shares of the e-commerce giant’s stock valued at $1,280,000 after acquiring an additional 6 shares in the last quarter. Boltwood Capital Management raised its holdings in Amazon.com by 1.9% in the fourth quarter. Boltwood Capital Management now owns 382 shares of the e-commerce giant’s stock valued at $573,000 after acquiring an additional 7 shares in the last quarter. Finally, Mascoma Wealth Management LLC raised its holdings in Amazon.com by 15.6% in the fourth quarter. Mascoma Wealth Management LLC now owns 52 shares of the e-commerce giant’s stock valued at $78,000 after acquiring an additional 7 shares in the last quarter. 56.03% of the stock is currently owned by hedge funds and other 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.

Read More: Candlestick

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.