Amazon.com (NASDAQ:AMZN) had its target price dropped by stock analysts at UBS Group from $4,550.00 to $4,185.00 in a research note issued on Friday, The Fly reports. UBS Group’s target price indicates a potential upside of 44.71% from the company’s previous close.
Several other brokerages have also recently issued reports on AMZN. JMP Securities dropped their price objective on Amazon.com from $4,000.00 to $3,600.00 in a research note on Friday. Rosenblatt Securities started coverage on Amazon.com in a research report on Tuesday, April 19th. They set a “neutral” rating and a $3,000.00 target price on the stock. Canaccord Genuity Group dropped their target price on Amazon.com from $4,400.00 to $4,200.00 and set a “buy” rating on the stock in a research report on Friday, February 4th. MKM Partners dropped their target price on Amazon.com from $4,100.00 to $4,000.00 and set a “buy” rating on the stock in a research report on Wednesday, April 20th. Finally, Exane BNP Paribas started coverage on Amazon.com in a research report on Tuesday, March 29th. They set an “underperform” rating and a $2,800.00 target price on the stock. 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 company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $3,938.98.
Shares of NASDAQ AMZN opened at $2,891.93 on Friday. Amazon.com has a fifty-two week low of $2,671.45 and a fifty-two week high of $3,773.08. The company has a market cap 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 business’s 50 day moving average price is $3,067.85 and its 200-day moving average price is $3,232.41. 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 (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings data on Thursday, April 28th. The e-commerce giant reported $7.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.33 by ($1.95). Amazon.com had a return on equity of 27.98% and a net margin of 7.10%. The firm had revenue of $116.44 billion during the quarter, compared to the consensus estimate of $116.52 billion. During the same period last year, the company earned $15.79 EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. Sell-side analysts predict that Amazon.com will post 49.81 earnings per share for the current year.
In related news, CEO Adam Selipsky sold 34 shares of Amazon.com stock in a transaction dated Wednesday, March 30th. The stock was sold at an average price of $3,370.19, for a total value of $114,586.46. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 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 valued at $10,641,586. 14.00% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Koshinski Asset Management Inc. boosted its holdings in Amazon.com by 1.7% in the 4th quarter. Koshinski Asset Management Inc. now owns 4,386 shares of the e-commerce giant’s stock worth $14,624,000 after buying an additional 75 shares during the last quarter. Vantage Financial Partners Ltd. Inc. boosted its holdings in shares of Amazon.com by 5.6% during the 3rd quarter. Vantage Financial Partners Ltd. Inc. now owns 756 shares of the e-commerce giant’s stock worth $2,483,000 after purchasing an additional 40 shares during the last quarter. Senvest Management LLC acquired a new position in shares of Amazon.com during the 3rd quarter worth approximately $9,855,000. Oxbow Advisors LLC boosted its holdings in shares of Amazon.com by 7.0% during the 3rd quarter. Oxbow Advisors LLC now owns 6,375 shares of the e-commerce giant’s stock worth $20,942,000 after purchasing an additional 417 shares during the last quarter. Finally, Gilman Hill Asset Management LLC boosted its holdings in shares of Amazon.com by 10.5% during the 4th quarter. Gilman Hill Asset Management LLC now owns 749 shares of the e-commerce giant’s stock worth $2,497,000 after purchasing an additional 71 shares during the last quarter. 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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