Amazon.com (AMZN) Reaches New 12-Month High on Analyst Upgrade

Amazon.com, Inc. (NASDAQ:AMZN)’s share price hit a new 52-week high on Thursday after Stifel Nicolaus raised their price target on the stock from $1,313.00 to $1,425.00. Stifel Nicolaus currently has a buy rating on the stock. Amazon.com traded as high as $1,268.15 and last traded at $1,254.33, with a volume of 2685200 shares traded. The stock had previously closed at $1,252.70.

Several other equities analysts also recently commented on the company. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $1,385.00 target price (up previously from $1,375.00) on shares of Amazon.com in a research report on Wednesday. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $1,400.00 target price (up previously from $1,200.00) on shares of Amazon.com in a research report on Tuesday. BidaskClub raised Amazon.com from a “hold” rating to a “buy” rating in a research report on Tuesday. Credit Suisse Group reaffirmed a “buy” rating on shares of Amazon.com in a research report on Tuesday. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $1,310.00 target price on shares of Amazon.com in a research report on Monday, January 8th. Four equities research analysts have rated the stock with a hold rating and fifty-one have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $1,262.35.

In other Amazon.com news, VP Shelley Reynolds sold 544 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $1,126.27, for a total transaction of $612,690.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 1,985 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $1,125.38, for a total value of $2,233,879.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 402,338 shares of company stock valued at $444,391,701. Company insiders own 17.00% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. First PREMIER Bank grew its stake in shares of Amazon.com by 20.9% in the 2nd quarter. First PREMIER Bank now owns 231 shares of the e-commerce giant’s stock valued at $224,000 after buying an additional 40 shares during the period. West Oak Capital LLC grew its stake in shares of Amazon.com by 161.7% in the 2nd quarter. West Oak Capital LLC now owns 696 shares of the e-commerce giant’s stock valued at $674,000 after buying an additional 430 shares during the period. First American Trust FSB grew its stake in shares of Amazon.com by 2.0% in the 2nd quarter. First American Trust FSB now owns 9,273 shares of the e-commerce giant’s stock valued at $8,977,000 after buying an additional 183 shares during the period. Xact Kapitalforvaltning AB grew its stake in shares of Amazon.com by 0.7% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 65,818 shares of the e-commerce giant’s stock valued at $63,712,000 after buying an additional 458 shares during the period. Finally, Centre Asset Management LLC grew its stake in shares of Amazon.com by 6.0% in the 2nd quarter. Centre Asset Management LLC now owns 19,360 shares of the e-commerce giant’s stock valued at $18,740,000 after buying an additional 1,090 shares during the period. Hedge funds and other institutional investors own 59.78% of the company’s stock.

The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00. The company has a market cap of $628,940.00, a P/E ratio of 329.60, a P/E/G ratio of 7.22 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.57). The firm had revenue of $43.74 billion during the quarter, compared to analyst estimates of $42.26 billion. Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The business’s quarterly revenue was up 33.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. analysts anticipate that Amazon.com, Inc. will post 4.24 earnings per share for the current fiscal year.

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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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