Amazon.com (AMZN) Given New $1,330.00 Price Target at Oppenheimer
Amazon.com (NASDAQ:AMZN) had its price target increased by Oppenheimer to $1,330.00 in a research report released on Friday morning. They currently have an outperform rating on the e-commerce giant’s stock.
Several other brokerages have also recently issued reports on AMZN. Credit Suisse Group reissued an outperform rating on shares of Amazon.com in a research note on Thursday, August 31st. Monness Crespi & Hardt raised shares of Amazon.com from a neutral rating to a buy rating and set a $1,250.00 price objective for the company in a research note on Friday, October 27th. Cowen reissued an outperform rating and set a $1,125.00 price objective on shares of Amazon.com in a research note on Thursday, August 10th. Leerink Swann reissued a buy rating on shares of Amazon.com in a research note on Monday, October 30th. Finally, TheStreet raised shares of Amazon.com from a c+ rating to a b- rating in a research note on Tuesday, November 7th. Five investment analysts have rated the stock with a hold rating and forty-eight have given a buy rating to the stock. Amazon.com presently has a consensus rating of Buy and an average price target of $1,207.37.
Shares of Amazon.com (NASDAQ AMZN) traded down $14.40 during midday trading on Friday, hitting $1,162.35. 4,070,722 shares of the stock traded hands, compared to its average volume of 3,486,237. Amazon.com has a one year low of $736.70 and a one year high of $1,213.41. The stock has a market cap of $567,043.13, a PE ratio of 298.67, a PEG ratio of 14.74 and a beta of 1.47. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.03 and a quick ratio of 0.74.
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 the Thomson Reuters’ consensus estimate 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 in the prior year, the firm earned $0.52 earnings per share. The firm’s quarterly revenue was up 33.7% on a year-over-year basis. sell-side analysts forecast that Amazon.com will post 4.24 earnings per share for the current fiscal year.
In other Amazon.com news, Director Tom A. Alberg sold 835 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $1,202.74, for a total value of $1,004,287.90. Following the completion of the transaction, the director now owns 17,114 shares in the company, valued at approximately $20,583,692.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey P. Bezos sold 391,110 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the completion of the transaction, the chief executive officer now owns 79,891,433 shares of the company’s stock, valued at approximately $88,162,593,058.49. The disclosure for this sale can be found here. In the last 90 days, insiders sold 399,538 shares of company stock valued at $441,142,749. 17.70% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Vestor Capital LLC boosted its holdings in shares of Amazon.com by 10.1% in the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after acquiring an additional 10 shares in the last quarter. Whitnell & Co. boosted its holdings in shares of Amazon.com by 581.3% in the third quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after acquiring an additional 93 shares in the last quarter. WealthTrust Arizona LLC boosted its holdings in shares of Amazon.com by 2.7% in the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after acquiring an additional 3 shares in the last quarter. LeJeune Puetz Investment Counsel LLC bought a new position in shares of Amazon.com in the second quarter valued at approximately $116,000. Finally, Mountain Capital Investment Advisors Inc bought a new position in shares of Amazon.com in the second quarter valued at approximately $121,000. Hedge funds and other institutional investors own 59.70% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Amazon.com (AMZN) Given New $1,330.00 Price Target at Oppenheimer” was originally published by Daily Political and is owned by of Daily Political. If you are reading this article on another website, it was stolen and republished in violation of US & international trademark & copyright legislation. The legal version of this article can be viewed at https://www.dailypolitical.com/2017/12/02/amazon-com-amzn-given-new-1330-00-price-target-at-oppenheimer.html.
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.
Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.