Oppenheimer Upgrades Amazon.com (AMZN) to “Outperform”
Oppenheimer upgraded shares of Amazon.com (NASDAQ:AMZN) to an outperform rating in a research report report published on Monday morning. Oppenheimer currently has $1,650.00 price target on the e-commerce giant’s stock, up from their previous price target of $1,450.00.
Other research analysts have also issued research reports about the stock. Loop Capital lifted their price objective on shares of Amazon.com to $1,600.00 in a research note on Friday, February 2nd. TheStreet raised shares of Amazon.com from a c+ rating to a b- rating in a research note on Tuesday, November 7th. Stifel Nicolaus reissued a buy rating and set a $1,100.00 price objective on shares of Amazon.com in a research note on Tuesday, October 24th. Vetr lowered shares of Amazon.com from a strong-buy rating to a buy rating and set a $1,079.96 price objective on the stock. in a research note on Monday, October 23rd. Finally, Wedbush set a $1,250.00 price objective on shares of Amazon.com and gave the stock a buy rating in a research note on Monday, October 23rd. Five investment analysts have rated the stock with a hold rating, forty-eight have assigned a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of Buy and an average target price of $1,436.97.
Amazon.com (AMZN) opened at $1,350.50 on Monday. The stock has a market cap of $650,770.00, a PE ratio of 218.88, a PEG ratio of 6.35 and a beta of 1.63. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.04 and a quick ratio of 0.76. Amazon.com has a one year low of $819.71 and a one year high of $1,498.00.
In other news, Chief Executive Officer of Worldwide Consumer Jeffrey A. Wilke sold 2,800 shares of Amazon.com stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $1,160.34, for a total value of $3,248,952.00. Following the sale, the insider now directly owns 10,000 shares in the company, valued at $11,603,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tom A. Alberg sold 870 shares of Amazon.com stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $1,150.00, for a total transaction of $1,000,500.00. Following the completion of the sale, the director now owns 17,949 shares in the company, valued at $20,641,350. The disclosure for this sale can be found here. Insiders sold 9,368 shares of company stock worth $10,726,970 over the last quarter. 17.70% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Whitnell & Co. increased its holdings in Amazon.com by 581.3% during the third quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock worth $105,000 after buying an additional 93 shares during the last quarter. Vestor Capital LLC increased its holdings in Amazon.com by 10.1% during the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after buying an additional 10 shares during the last quarter. Portfolio Solutions LLC bought a new position in Amazon.com during the fourth quarter worth $119,000. Mountain Capital Investment Advisors Inc bought a new position in Amazon.com during the second quarter worth $121,000. Finally, Endurance Wealth Management Inc. boosted its position in Amazon.com by 90.9% during the fourth quarter. Endurance Wealth Management Inc. now owns 105 shares of the e-commerce giant’s stock worth $123,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 59.49% of the company’s stock.
Amazon.com Company Profile
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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