Amazon.com (NASDAQ:AMZN) had its price target hoisted by Stifel Nicolaus from $2,600.00 to $3,300.00 in a research note issued to investors on Thursday, The Fly reports. The firm presently has a "buy" rating on the e-commerce giant's stock. Stifel Nicolaus' price objective would suggest a potential upside of 12.55% from the company's previous close. The analysts noted that the move was a valuation call.
A number of other equities research analysts have also recently commented on the company. Susquehanna Bancshares reissued a "positive" rating and issued a $3,000.00 target price (up from $2,500.00) on shares of Amazon.com in a research note on Friday, May 1st. Bank of America increased their target price on Amazon.com from $2,600.00 to $3,000.00 and gave the stock a "buy" rating in a research note on Tuesday, June 9th. William Blair reissued a "buy" rating on shares of Amazon.com in a research note on Monday, June 22nd. Wedbush increased their target price on Amazon.com from $2,750.00 to $3,050.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 24th. Finally, Guggenheim upped their price target on Amazon.com from $2,250.00 to $2,700.00 and gave the company a "buy" rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and forty-six have assigned a buy rating to the stock. The company presently has an average rating of "Buy" and an average price target of $2,808.74.
AMZN stock traded down $76.88 during midday trading on Thursday, hitting $2,931.99. The stock had a trading volume of 102,914 shares, compared to its average volume of 4,879,938. The firm has a market cap of $1,465.36 billion, a price-to-earnings ratio of 140.38, a price-to-earnings-growth ratio of 6.27 and a beta of 1.32. The business has a 50-day moving average of $2,707.98 and a two-hundred day moving average of $2,222.20. Amazon.com has a 52-week low of $1,626.03 and a 52-week high of $3,344.29. 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 (NASDAQ:AMZN) last released its earnings results on Thursday, April 30th. The e-commerce giant reported $5.01 EPS for the quarter, missing analysts' consensus estimates of $6.36 by ($1.35). Amazon.com had a return on equity of 17.83% and a net margin of 3.56%. The company had revenue of $75.45 billion during the quarter, compared to analysts' expectations of $74.15 billion. During the same period in the prior year, the company posted $7.09 earnings per share. The company's revenue was up 26.4% on a year-over-year basis. Research analysts predict that Amazon.com will post 20.08 earnings per share for the current year.
In other news, Director Indra K. Nooyi purchased 27 shares of the business's stock in a transaction on Wednesday, July 1st. The stock was acquired at an average price of $2,806.80 per share, for a total transaction of $75,783.60. Following the acquisition, the director now directly owns 707 shares of the company's stock, valued at approximately $1,984,407.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 6,945 shares of the firm's stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $2,256.50, for a total value of $15,671,392.50. Following the transaction, the chief executive officer now owns 93,105 shares of the company's stock, valued at approximately $210,091,432.50. The disclosure for this sale can be found here. Company insiders own 16.10% of the company's stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMZN. Orser Capital Management LLC grew its holdings in Amazon.com by 1.0% during the 4th quarter. Orser Capital Management LLC now owns 1,472 shares of the e-commerce giant's stock valued at $2,719,000 after buying an additional 14 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Amazon.com by 12.8% in the 4th quarter. Quadrant Capital Group LLC now owns 3,570 shares of the e-commerce giant's stock valued at $6,558,000 after purchasing an additional 405 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Amazon.com by 1.5% in the 4th quarter. Franklin Resources Inc. now owns 1,330,890 shares of the e-commerce giant's stock valued at $2,459,237,000 after purchasing an additional 19,686 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Amazon.com by 0.9% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 60,615 shares of the e-commerce giant's stock valued at $112,007,000 after purchasing an additional 568 shares during the last quarter. Finally, Vigilare Wealth Management bought a new stake in shares of Amazon.com in the 4th quarter valued at approximately $2,074,000. Institutional investors and hedge funds own 64.54% of the company's stock.
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.
Further Reading: Market Timing
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