Amazon.com (NASDAQ:AMZN) Price Target Lowered to $3,700.00 at Benchmark

Amazon.com (NASDAQ:AMZN) had its price objective lowered by analysts at Benchmark from $4,000.00 to $3,700.00 in a report released on Friday, The Fly reports. Benchmark’s price target would suggest a potential upside of 27.94% from the company’s previous close.

Several other research analysts have also commented on AMZN. Barclays lifted their price objective on shares of Amazon.com from $3,800.00 to $4,400.00 and gave the stock an “overweight” rating in a research note on Friday, February 4th. Canaccord Genuity Group dropped their price objective on shares of Amazon.com from $4,400.00 to $4,200.00 and set a “buy” rating for the company in a research note on Friday, February 4th. Rosenblatt Securities assumed coverage on shares of Amazon.com in a research note on Tuesday, April 19th. They set a “neutral” rating and a $3,000.00 target price for the company. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Amazon.com from $4,100.00 to $3,500.00 in a research note on Friday. Finally, Wolfe Research boosted their target price on shares of Amazon.com from $4,100.00 to $4,200.00 and gave the company an “outperform” rating in a research note on Friday, February 4th. Two analysts have rated the stock with a sell rating, three have given a hold rating and thirty-nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $3,938.98.

Shares of AMZN opened at $2,891.93 on Friday. The company’s fifty day moving average is $3,067.85 and its 200 day moving average is $3,232.41. Amazon.com has a fifty-two week low of $2,671.45 and a fifty-two week high of $3,773.08. The stock has a market capitalization of $1.47 trillion, a PE ratio of 44.64, a P/E/G ratio of 2.29 and a beta of 1.12. 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’s stock is scheduled to split on Monday, June 6th. The 20-1 split was announced on Wednesday, March 9th. The newly issued shares will be issued to shareholders after the closing bell on Friday, June 3rd.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The e-commerce giant reported $7.38 EPS for the quarter, missing the consensus estimate of $9.33 by ($1.95). The firm had revenue of $116.44 billion for the quarter, compared to analysts’ expectations of $116.52 billion. Amazon.com had a return on equity of 27.98% and a net margin of 7.10%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $15.79 earnings per share. As a group, research analysts forecast that Amazon.com will post 49.81 earnings per share for the current year.

In other 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 transaction of $1,480,708.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP David Zapolsky sold 1,060 shares of the stock in a transaction that occurred on Tuesday, February 15th. The shares were sold at an average price of $3,150.92, for a total value of $3,339,975.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,397 shares of company stock worth $10,641,586. Insiders own 14.00% of the company’s stock.

Large investors have recently made changes to their positions in the company. Stuart Chaussee & Associates Inc. purchased a new position in shares of Amazon.com during the 4th quarter valued at approximately $27,000. Econ Financial Services Corp acquired a new position in Amazon.com in the 4th quarter valued at $33,000. Gibson Wealth Advisors LLC acquired a new position in Amazon.com in the 4th quarter valued at $33,000. Leverty Financial Group LLC acquired a new position in Amazon.com in the 4th quarter valued at $36,000. Finally, MBM Wealth Consultants LLC raised its stake in 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 last quarter. Hedge funds and other institutional investors 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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