Amazon.com (NASDAQ:AMZN) PT Lowered to $4,250.00 at Cowen

Amazon.com (NASDAQ:AMZN) had its target price decreased by Cowen from $4,400.00 to $4,250.00 in a research note published on Friday morning, Stock Target Advisor reports.

Other equities analysts also recently issued reports about the company. Susquehanna dropped their target price on Amazon.com from $5,000.00 to $3,800.00 in a research report on Friday. Rosenblatt Securities began coverage on Amazon.com in a research report on Tuesday, April 19th. They issued a neutral rating and a $3,000.00 target price for the company. Exane BNP Paribas began coverage on Amazon.com in a research report on Tuesday, March 29th. They issued an underperform rating and a $2,800.00 target price for the company. JPMorgan Chase & Co. boosted their price objective on Amazon.com from $4,350.00 to $4,500.00 and gave the stock an overweight rating in a research report on Friday, February 4th. Finally, Piper Sandler lowered their price objective on Amazon.com from $3,900.00 to $3,400.00 and set an overweight rating for the company in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and forty have given a buy rating to the company. According to MarketBeat, Amazon.com presently has a consensus rating of Buy and an average price target of $3,863.09.

Shares of NASDAQ:AMZN opened at $2,485.63 on Friday. The business has a 50-day moving average price of $3,056.53 and a 200 day moving average price of $3,227.12. The company has a current ratio of 1.14, a quick ratio of 0.91 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $1.26 trillion, a price-to-earnings ratio of 60.00, a PEG ratio of 2.21 and a beta of 1.12. Amazon.com has a 12-month low of $2,432.50 and a 12-month high of $3,773.08.

Amazon.com’s stock is set to split on the morning of Monday, June 6th. The 20-1 split was announced on Wednesday, March 9th. The newly minted shares will be distributed to shareholders after the closing bell on Friday, June 3rd.

Amazon.com (NASDAQ:AMZNGet Rating) last released its earnings results 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). The firm had revenue of $116.44 billion during the quarter, compared to analyst estimates of $116.52 billion. Amazon.com had a net margin of 7.10% and a return on equity of 27.98%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $15.79 earnings per share. As a group, equities research analysts predict that Amazon.com will post 49.15 earnings per share for the current fiscal year.

In other Amazon.com news, CEO Adam Selipsky sold 34 shares of the company’s stock in a transaction on 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 document filed with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 492 shares of the company’s stock in a transaction on 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 in the last three months. 14.00% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of the company. Stuart Chaussee & Associates Inc. purchased a new position in Amazon.com during the fourth quarter worth about $27,000. Econ Financial Services Corp purchased a new position in Amazon.com during the fourth quarter worth about $33,000. Gibson Wealth Advisors LLC purchased a new position in Amazon.com during the fourth quarter worth about $33,000. Leverty Financial Group LLC purchased a new position in Amazon.com during the fourth quarter worth about $36,000. Finally, MBM Wealth Consultants LLC lifted its position in Amazon.com by 57.1% during the fourth quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock worth $37,000 after buying an additional 4 shares during the period. Institutional investors and hedge funds own 70.01% of the company’s stock.

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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