Amazon.com (NASDAQ:AMZN)‘s stock had its “outperform” rating restated by equities research analysts at Wedbush in a research note issued on Monday, Marketbeat.com reports. They presently have a $1,861.69 target price on the e-commerce giant’s stock. Wedbush’s price target points to a potential downside of 4.44% from the stock’s previous close.
Several other brokerages also recently commented on AMZN. Societe Generale began coverage on Amazon.com in a research note on Monday, April 8th. They set a “buy” rating and a $2,370.00 target price for the company. Oppenheimer boosted their price target on Amazon.com from $1,975.00 to $2,085.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. CIBC boosted their price target on Amazon.com from $1,975.00 to $2,085.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Wells Fargo & Co set a $2,100.00 price target on Amazon.com and gave the stock a “buy” rating in a report on Monday, March 18th. Finally, BidaskClub upgraded Amazon.com from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Five investment analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company. Amazon.com currently has a consensus rating of “Buy” and a consensus target price of $2,144.38.
AMZN stock traded up $45.96 during midday trading on Monday, reaching $1,948.21. The company had a trading volume of 6,510,311 shares, compared to its average volume of 4,818,619. The company has a market cap of $946.60 billion, a PE ratio of 96.73, a price-to-earnings-growth ratio of 2.32 and a beta of 1.63. Amazon.com has a 1-year low of $1,307.00 and a 1-year high of $2,050.50. The company has a quick ratio of 0.85, a current ratio of 1.10 and a debt-to-equity ratio of 0.54.
In other news, Director Patricia Q. Stonesifer sold 1,375 shares of the firm’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $1,602.00, for a total value of $2,202,750.00. Following the completion of the sale, the director now owns 7,861 shares of the company’s stock, valued at approximately $12,593,322. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeffrey M. Blackburn sold 2,055 shares of the firm’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $1,616.34, for a total value of $3,321,578.70. Following the completion of the sale, the senior vice president now directly owns 46,596 shares of the company’s stock, valued at approximately $75,314,978.64. The disclosure for this sale can be found here. Insiders have sold a total of 7,075 shares of company stock worth $11,802,708 in the last ninety days. Insiders own 16.30% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund raised its stake in shares of Amazon.com by 150,721.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 109,486,103 shares of the e-commerce giant’s stock valued at $73,000 after buying an additional 109,413,510 shares during the last quarter. Norges Bank acquired a new position in shares of Amazon.com during the 4th quarter worth approximately $6,529,928,000. Bank of New York Mellon Corp boosted its holdings in shares of Amazon.com by 700,301.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,999,295 shares of the e-commerce giant’s stock worth $8,010,587,000 after purchasing an additional 3,998,724 shares during the last quarter. Ellis Investment Partners LLC raised its position in shares of Amazon.com by 187,061.8% during the 1st quarter. Ellis Investment Partners LLC now owns 2,457,435 shares of the e-commerce giant’s stock valued at $2,457,000 after buying an additional 2,456,122 shares during the period. Finally, Vanguard Group Inc raised its position in shares of Amazon.com by 1.8% during the 3rd quarter. Vanguard Group Inc now owns 29,599,653 shares of the e-commerce giant’s stock valued at $59,288,105,000 after buying an additional 516,913 shares during the period. Institutional investors own 56.03% 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 third-party sellers through physical stores and online stores.
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