Piper Jaffray Companies reaffirmed their overweight rating on shares of Amazon.com (NASDAQ:AMZN) in a research report report published on Tuesday morning, MarketBeat Ratings reports. Piper Jaffray Companies currently has a $1,400.00 price target on the e-commerce giant’s stock, up from their prior price target of $1,200.00.
Several other analysts have also recently commented on AMZN. Royal Bank of Canada set a $1,100.00 price target on shares of Amazon.com and gave the stock a buy rating in a report on Monday, September 11th. Barclays restated an overweight rating and set a $1,150.00 price target on shares of Amazon.com in a report on Tuesday, September 12th. Loop Capital started coverage on shares of Amazon.com in a report on Tuesday, September 12th. They set a buy rating and a $1,200.00 price target for the company. UBS Group restated a buy rating and set a $1,200.00 price target on shares of Amazon.com in a report on Saturday, September 16th. Finally, Argus restated a buy rating and set a $1,150.00 price target on shares of Amazon.com in a report on Thursday, September 21st. Four analysts have rated the stock with a hold rating and fifty-one have given a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $1,262.35.
Amazon.com (NASDAQ AMZN) traded up $28.52 during mid-day trading on Tuesday, hitting $1,305.20. 5,428,309 shares of the company traded hands, compared to its average volume of 3,250,000. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03. The firm has a market capitalization of $628,940.00, a PE ratio of 329.60, a P/E/G ratio of 7.22 and a beta of 1.46. Amazon.com has a twelve month low of $799.50 and a twelve month high of $1,305.76.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.57). The company had revenue of $43.74 billion for the quarter, compared to analyst estimates of $42.26 billion. Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The business’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 earnings per share. analysts predict that Amazon.com will post 4.24 EPS for the current fiscal year.
In related news, CEO Jeffrey A. Wilke sold 2,800 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $1,160.34, for a total transaction of $3,248,952.00. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $11,603,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey P. Bezos sold 391,110 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 79,891,433 shares in the company, valued at approximately $88,162,593,058.49. The disclosure for this sale can be found here. Insiders have sold 402,338 shares of company stock worth $444,391,701 in the last ninety days. 17.00% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Whitnell & Co. increased its holdings in Amazon.com by 581.3% in the 3rd quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after buying an additional 93 shares during the period. Vestor Capital LLC increased its holdings in Amazon.com by 10.1% in the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after buying an additional 10 shares during the period. Clear Investment Research LLC increased its holdings in Amazon.com by 73,100.0% in the 2nd quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock valued at $107,000 after buying an additional 731 shares during the period. LeJeune Puetz Investment Counsel LLC bought a new stake in Amazon.com in the 2nd quarter valued at $116,000. Finally, Mountain Capital Investment Advisors Inc bought a new stake in Amazon.com in the 2nd quarter valued at $121,000. 59.78% of the stock is currently owned by institutional investors and hedge funds.
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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.
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