Amazon.com (AMZN) PT Raised to $1,500.00 at DA Davidson
Amazon.com (NASDAQ:AMZN) had its price target upped by stock analysts at DA Davidson from $1,300.00 to $1,500.00 in a report issued on Wednesday. The firm currently has a “buy” rating on the e-commerce giant’s stock. DA Davidson’s target price indicates a potential upside of 27.47% from the company’s current price.
A number of other research firms have also weighed in on AMZN. Goldman Sachs Group reiterated a “buy” rating and issued a $1,450.00 target price (up previously from $1,300.00) on shares of Amazon.com in a research note on Tuesday. Vetr downgraded Amazon.com from a “hold” rating to a “sell” rating and set a $1,129.92 price target on the stock. in a research note on Monday. Nomura restated a “buy” rating and set a $1,360.00 price target on shares of Amazon.com in a research note on Monday, November 20th. Citigroup restated a “buy” rating on shares of Amazon.com in a research note on Sunday, November 19th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Amazon.com in a research report on Wednesday, November 15th. Five investment analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $1,198.48.
Shares of Amazon.com (NASDAQ:AMZN) opened at $1,176.75 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 1.03 and a debt-to-equity ratio of 1.00. Amazon.com has a fifty-two week low of $736.70 and a fifty-two week high of $1,213.41. The stock has a market cap of $567,040.00, a P/E ratio of 302.94, a P/E/G ratio of 14.95 and a beta of 1.45.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.57). Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The company had revenue of $43.74 billion for the quarter, compared to analysts’ expectations of $42.26 billion. During the same period last year, the business earned $0.52 earnings per share. The company’s quarterly revenue was up 33.7% compared to the same quarter last year. analysts predict that Amazon.com will post 4.24 earnings per share for the current fiscal year.
In other Amazon.com news, CEO Jeffrey P. Bezos sold 391,110 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the transaction, the chief executive officer now directly owns 79,891,433 shares of the company’s stock, valued at $88,162,593,058.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Tom A. Alberg sold 835 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $1,202.74, for a total transaction of $1,004,287.90. Following the transaction, the director now directly owns 17,114 shares in the company, valued at $20,583,692.36. The disclosure for this sale can be found here. Insiders have sold 399,538 shares of company stock valued at $441,142,749 over the last ninety days. Corporate insiders own 17.00% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Amazon.com by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock worth $26,003,758,000 after acquiring an additional 764,115 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Amazon.com by 2.4% in the 2nd quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock worth $23,160,193,000 after acquiring an additional 554,990 shares during the last quarter. State Street Corp lifted its holdings in shares of Amazon.com by 1.1% in the 1st quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock worth $14,667,392,000 after acquiring an additional 186,756 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of Amazon.com by 0.4% in the 2nd quarter. Capital Research Global Investors now owns 10,711,772 shares of the e-commerce giant’s stock worth $10,368,995,000 after acquiring an additional 40,068 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its holdings in Amazon.com by 1.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 2,828,302 shares of the e-commerce giant’s stock valued at $2,737,796,000 after buying an additional 46,800 shares during the last quarter. Institutional investors own 59.70% of the company’s stock.
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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 Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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