Amazon.com (NASDAQ:AMZN) had its price objective decreased by research analysts at Credit Suisse Group from $4,100.00 to $3,700.00 in a report issued on Friday, The Fly reports. Credit Suisse Group’s price objective would suggest a potential upside of 27.94% from the company’s current price.
AMZN has been the subject of a number of other research reports. Exane BNP Paribas started coverage on Amazon.com in a report on Tuesday, March 29th. They issued an “underperform” rating and a $2,800.00 price objective for the company. Tigress Financial increased their price objective on Amazon.com from $4,460.00 to $4,655.00 and gave the stock a “buy” rating in a report on Friday, February 18th. Raymond James decreased their price objective on Amazon.com from $3,950.00 to $3,300.00 in a report on Friday. Barclays increased their price objective on Amazon.com from $3,800.00 to $4,400.00 and gave the stock an “overweight” rating in a report on Friday, February 4th. Finally, JPMorgan Chase & Co. increased their price objective on Amazon.com from $4,350.00 to $4,500.00 and gave the stock an “overweight” rating in a report on Friday, February 4th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirty-nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $3,938.98.
Shares of AMZN stock opened at $2,891.93 on Friday. The stock has a fifty day moving average of $3,067.85 and a 200 day moving average of $3,232.41. Amazon.com has a 52 week low of $2,671.45 and a 52 week high of $3,773.08. The firm has a market capitalization of $1.47 trillion, a price-to-earnings ratio of 44.64, a PEG ratio of 2.29 and a beta of 1.12. The company has a quick ratio of 0.91, a current ratio of 1.14 and a debt-to-equity ratio of 0.35.
Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings results on Thursday, April 28th. The e-commerce giant reported $7.38 EPS for the quarter, missing analysts’ consensus estimates of $9.33 by ($1.95). Amazon.com had a return on equity of 27.98% and a net margin of 7.10%. The business had revenue of $116.44 billion during the quarter, compared to analysts’ expectations of $116.52 billion. During the same period in the previous year, the business earned $15.79 EPS. The business’s revenue was up 7.3% compared to the same quarter last year. Equities research analysts anticipate that Amazon.com will post 49.81 earnings per share for the current year.
In other news, SVP David Zapolsky sold 1,060 shares of Amazon.com stock in a transaction dated Tuesday, February 15th. The stock was sold at an average price of $3,150.92, for a total transaction of $3,339,975.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 492 shares of Amazon.com stock in a transaction dated Tuesday, February 22nd. The shares were sold at an average price of $3,009.57, for a total value of $1,480,708.44. The disclosure for this sale can be found here. Insiders sold 3,397 shares of company stock worth $10,641,586 over the last three months. Insiders own 14.00% of the company’s stock.
Several hedge funds have recently bought and sold shares of AMZN. MFA Wealth Advisors LLC lifted its position in shares of Amazon.com by 295,683.2% during the 3rd quarter. MFA Wealth Advisors LLC now owns 5,714,531 shares of the e-commerce giant’s stock valued at $6,075,000 after buying an additional 5,712,599 shares in the last quarter. Norges Bank purchased a new position in shares of Amazon.com during the 4th quarter valued at about $14,053,756,000. Castleview Partners LLC bought a new stake in Amazon.com during the 4th quarter valued at approximately $1,143,000. Fairfield Bush & CO. raised its stake in Amazon.com by 28,715.3% during the 4th quarter. Fairfield Bush & CO. now owns 1,336,741 shares of the e-commerce giant’s stock valued at $11,353,000 after purchasing an additional 1,332,102 shares during the period. Finally, Fortis Advisors LLC raised its stake in Amazon.com by 339,079.1% during the 3rd quarter. Fortis Advisors LLC now owns 1,265,138 shares of the e-commerce giant’s stock valued at $2,572,000 after purchasing an additional 1,264,765 shares during the period. 70.01% of the stock is currently owned by hedge funds and other institutional investors.
Amazon.com Company Profile (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.
- Get a free copy of the StockNews.com research report on Amazon.com (AMZN)
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