Amazon.com Inc. (AMZN) Reaches New 12-Month High at $772.60
Amazon.com Inc. (NASDAQ:AMZN) shares hit a new 52-week high on Tuesday . The stock traded as high as $772.60 and last traded at $770.00, with a volume of 1,138,775 shares changing hands. The stock had previously closed at $766.56.
Several brokerages have commented on AMZN. Oppenheimer Holdings Inc. set a $780.00 price objective on Amazon.com and gave the company a “buy” rating in a report on Monday, May 9th. Wedbush reissued an “outperform” rating and issued a $700.00 price objective on shares of Amazon.com in a report on Tuesday, April 19th. Bank of America Corp. reissued a “buy” rating and issued a $750.00 price objective on shares of Amazon.com in a report on Monday, April 11th. Goldman Sachs Group Inc. raised their price objective on Amazon.com from $720.00 to $800.00 and gave the company a “buy” rating in a report on Friday, April 29th. Finally, Axiom Securities raised their price objective on Amazon.com from $797.00 to $811.00 and gave the company a “buy” rating in a report on Friday, April 29th. Seven analysts have rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $851.24.
The company has a market cap of $364.10 billion and a P/E ratio of 191.00. The company’s 50-day moving average is $737.08 and its 200-day moving average is $648.57.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 EPS for the quarter, beating the consensus estimate of $1.11 by $0.67. The company had revenue of $30.40 billion for the quarter, compared to analysts’ expectations of $29.54 billion. The company’s revenue was up 31.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.19 earnings per share. On average, equities research analysts anticipate that Amazon.com Inc. will post $5.74 EPS for the current fiscal year.
In related news, VP Shelley Reynolds sold 626 shares of the company’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of $704.67, for a total value of $441,123.42. Following the completion of the sale, the vice president now directly owns 6,520 shares in the company, valued at $4,594,448.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the company’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $756.74, for a total transaction of $756,740,000.00. Following the completion of the sale, the chief executive officer now owns 81,871,067 shares of the company’s stock, valued at $61,955,111,241.58. The disclosure for this sale can be found here.
A number of large investors have modified their holdings of the company. FUKOKU MUTUAL LIFE INSURANCE Co boosted its stake in shares of Amazon.com by 17.0% in the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,895 shares of the e-commerce giant’s stock worth $1,281,000 after buying an additional 275 shares in the last quarter. Davidson & Garrard Inc. boosted its stake in shares of Amazon.com by 9.5% in the fourth quarter. Davidson & Garrard Inc. now owns 1,901 shares of the e-commerce giant’s stock worth $1,285,000 after buying an additional 165 shares in the last quarter. Private Capital Management Inc. acquired a new stake in shares of Amazon.com during the fourth quarter worth about $1,294,000. Mandatum Life Insurance Co Ltd acquired a new stake in shares of Amazon.com during the fourth quarter worth about $1,354,000. Finally, Matarin Capital Management LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth about $1,605,000.
Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).
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