Amazon.com (NASDAQ:AMZN) had its price target boosted by UBS Group from $3,000.00 to $4,000.00 in a research note released on Friday, The Fly reports. UBS Group currently has a buy rating on the e-commerce giant’s stock.
Several other equities analysts have also commented on AMZN. Wedbush reissued a buy rating and issued a $3,500.00 target price (up previously from $3,050.00) on shares of Amazon.com in a report on Monday, July 27th. Jefferies Financial Group increased their price objective on Amazon.com from $3,100.00 to $3,800.00 and gave the company a buy rating in a report on Monday, July 20th. Stifel Nicolaus boosted their target price on Amazon.com from $3,300.00 to $3,500.00 and gave the stock a buy rating in a research note on Friday. Cowen increased their price target on shares of Amazon.com from $2,750.00 to $3,700.00 and gave the company an outperform rating in a research note on Monday, July 13th. Finally, Monness Crespi & Hardt raised shares of Amazon.com to a buy rating in a report on Tuesday, July 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating, forty-five have given a buy rating and one has assigned a strong buy rating to the company. Amazon.com currently has a consensus rating of Buy and a consensus price target of $3,240.51.
Shares of Amazon.com stock traded up $112.80 on Friday, reaching $3,164.68. 8,083,369 shares of the company were exchanged, compared to its average volume of 5,323,443. The stock’s 50 day moving average price is $2,884.55 and its 200-day moving average price is $2,314.52. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.08 and a quick ratio of 0.84. Amazon.com has a 1-year low of $1,626.03 and a 1-year high of $3,344.29. The company has a market cap of $1,578.48 billion, a P/E ratio of 121.67, a price-to-earnings-growth ratio of 5.62 and a beta of 1.32.
In related news, Director Patricia Q. Stonesifer sold 2,200 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $2,329.44, for a total value of $5,124,768.00. Following the sale, the director now directly owns 4,645 shares in the company, valued at approximately $10,820,248.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew R. Jassy sold 6,945 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $2,256.50, for a total transaction of $15,671,392.50. Following the completion of the sale, the chief executive officer now directly owns 93,105 shares in the company, valued at $210,091,432.50. The disclosure for this sale can be found here. Insiders own 16.10% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Gantzert Investment Co. LLC ADV purchased a new position in shares of Amazon.com during the 2nd quarter valued at approximately $28,000. Sofos Investments Inc. lifted its holdings in Amazon.com by 120.0% during the 1st quarter. Sofos Investments Inc. now owns 121 shares of the e-commerce giant’s stock worth $31,000 after buying an additional 66 shares during the last quarter. Deane Retirement Strategies Inc. grew its position in shares of Amazon.com by 142.9% in the 1st quarter. Deane Retirement Strategies Inc. now owns 17 shares of the e-commerce giant’s stock worth $33,000 after acquiring an additional 10 shares in the last quarter. Your Advocates Ltd. LLP acquired a new stake in shares of Amazon.com during the 1st quarter valued at approximately $37,000. Finally, James Investment Research Inc. bought a new position in Amazon.com during the second quarter worth $55,000. 64.54% of the stock is currently owned by institutional investors.
Amazon.com Company Profile
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) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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