A number of other analysts have also commented on the company. Wolfe Research lifted their price target on Amazon.com from $4,100.00 to $4,200.00 and gave the stock an “outperform” rating in a report on Friday, February 4th. Canaccord Genuity Group dropped their price target on Amazon.com from $4,200.00 to $3,750.00 in a report on Friday. Needham & Company LLC dropped their price target on Amazon.com from $4,150.00 to $3,500.00 in a report on Friday. Exane BNP Paribas started coverage on Amazon.com in a research note on Tuesday, March 29th. They issued an “underperform” rating and a $2,800.00 target price on the stock. Finally, DA Davidson lowered their target price on Amazon.com from $3,900.00 to $3,125.00 in a research note on Friday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and forty have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $3,863.09.
Shares of Amazon.com stock opened at $2,485.63 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.91 and a current ratio of 1.14. Amazon.com has a 52 week low of $2,432.50 and a 52 week high of $3,773.08. The stock has a 50 day moving average price of $3,056.53 and a two-hundred day moving average price of $3,227.12. The stock has a market capitalization of $1.26 trillion, a PE ratio of 60.00, a price-to-earnings-growth ratio of 2.21 and a beta of 1.12.
Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings data on Thursday, April 28th. The e-commerce giant reported ($7.56) EPS for the quarter, missing the Zacks’ consensus estimate of $9.33 by ($16.89). Amazon.com had a net margin of 7.10% and a return on equity of 27.98%. The firm had revenue of $116.44 billion during the quarter, compared to analyst estimates of $116.52 billion. During the same period last year, the business posted $15.79 EPS. The company’s revenue was up 7.3% on a year-over-year basis. Research analysts forecast that Amazon.com will post 49.15 EPS for the current year.
In other Amazon.com news, CEO Andrew R. Jassy sold 492 shares of the stock in a transaction that occurred on Tuesday, February 22nd. The stock was sold at an average price of $3,009.57, for a total value of $1,480,708.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 679 shares of the stock in a transaction that occurred on Tuesday, February 15th. The stock was sold at an average price of $3,150.92, for a total value of $2,139,474.68. The disclosure for this sale can be found here. Insiders have sold a total of 3,397 shares of company stock valued at $10,641,586 over the last 90 days. 14.00% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMZN. Stuart Chaussee & Associates Inc. purchased a new position in shares of Amazon.com in the 4th quarter valued at approximately $27,000. Gibson Wealth Advisors LLC purchased a new position in shares of Amazon.com in the 4th quarter valued at approximately $33,000. Leverty Financial Group LLC purchased a new position in shares of Amazon.com in the 4th quarter valued at approximately $36,000. MBM Wealth Consultants LLC lifted its stake in shares of Amazon.com by 57.1% in the 4th quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock valued at $37,000 after purchasing an additional 4 shares during the period. Finally, William Allan LLC purchased a new position in shares of Amazon.com in the 4th quarter valued at approximately $47,000. Institutional investors and hedge funds own 70.01% of the company’s stock.
About Amazon.com (Get Rating)
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
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