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.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.31. Amazon.com had a net margin of 1.71% and a return on equity of 9.23%. The company had revenue of $60.45 billion for the quarter, compared to analyst estimates of $59.85 billion. During the same quarter last year, the firm earned $1.54 EPS. The company’s revenue for the quarter was up 38.2% on a year-over-year basis. sell-side analysts expect that Amazon.com will post 8.49 earnings per share for the current fiscal year.

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.

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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.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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