Amazon.com (NASDAQ:AMZN) PT Lowered to $3,800.00 at Susquehanna Bancshares

Amazon.com (NASDAQ:AMZN) had its target price cut by Susquehanna Bancshares from $5,000.00 to $3,800.00 in a research report released on Friday, Stock Target Advisor reports.

AMZN has been the subject of a number of other research reports. JPMorgan Chase & Co. lifted their target price on shares of Amazon.com from $4,350.00 to $4,500.00 and gave the stock an overweight rating in a report on Friday, February 4th. Zacks Investment Research raised shares of Amazon.com from a sell rating to a hold rating and set a $3,212.00 target price for the company in a report on Friday, January 28th. Tigress Financial lifted their target price on shares of Amazon.com from $4,460.00 to $4,655.00 and gave the stock a buy rating in a report on Friday, February 18th. BNP Paribas initiated coverage on shares of Amazon.com in a report on Tuesday, March 29th. They set an underperform rating and a $2,800.00 target price for the company. Finally, Royal Bank of Canada lowered their target price on shares of Amazon.com from $3,880.00 to $3,500.00 in a report on Friday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and forty have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Buy and a consensus price target of $3,863.09.

AMZN stock opened at $2,485.63 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.14 and a quick ratio of 0.91. The company has a 50 day moving average price of $3,056.53 and a 200 day moving average price of $3,227.12. Amazon.com has a fifty-two week low of $2,432.50 and a fifty-two week high of $3,773.08. The stock has a market capitalization of $1.26 trillion, a PE ratio of 60.00, a price-to-earnings-growth ratio of 2.21 and a beta of 1.12.

Amazon.com’s stock is set to split before the market opens on Monday, June 6th. The 20-1 split was announced on Wednesday, March 9th. The newly created shares will be payable 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 ($7.56) earnings per share for the quarter, missing the consensus estimate of $9.33 by ($16.89). Amazon.com had a return on equity of 27.98% and a net margin of 7.10%. The company had revenue of $116.44 billion during the quarter, compared to the consensus estimate of $116.52 billion. During the same quarter last year, the firm earned $15.79 EPS. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, equities analysts expect that Amazon.com will post 49.15 earnings per share for the current fiscal year.

In related news, CEO Andrew R. Jassy sold 492 shares of Amazon.com stock in a transaction on Tuesday, February 22nd. The shares were sold at an average price of $3,009.57, for a total transaction of $1,480,708.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Adam Selipsky sold 34 shares of Amazon.com stock in a transaction on Wednesday, March 30th. The stock was sold at an average price of $3,370.19, for a total transaction of $114,586.46. The disclosure for this sale can be found here. Insiders have sold 3,397 shares of company stock valued at $10,641,586 in the last ninety days. Insiders own 14.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in AMZN. Davidson Trust Co. boosted its holdings in Amazon.com by 1.8% during the third quarter. Davidson Trust Co. now owns 167 shares of the e-commerce giant’s stock worth $549,000 after purchasing an additional 3 shares during the last quarter. PFG Private Wealth Management LLC raised its position in Amazon.com by 1.3% in the third quarter. PFG Private Wealth Management LLC now owns 229 shares of the e-commerce giant’s stock worth $752,000 after acquiring an additional 3 shares during the period. Charter Oak Capital Management LLC raised its position in Amazon.com by 1.3% in the third quarter. Charter Oak Capital Management LLC now owns 233 shares of the e-commerce giant’s stock worth $765,000 after acquiring an additional 3 shares during the period. Madrona Financial Services LLC raised its position in Amazon.com by 1.6% in the third quarter. Madrona Financial Services LLC now owns 186 shares of the e-commerce giant’s stock worth $611,000 after acquiring an additional 3 shares during the period. Finally, Lorne Steinberg Wealth Management Inc. raised its position in Amazon.com by 4.0% in the third quarter. Lorne Steinberg Wealth Management Inc. now owns 78 shares of the e-commerce giant’s stock worth $256,000 after acquiring an additional 3 shares during the period. 70.01% of the stock is owned by institutional investors and hedge funds.

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.

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