Amazon.com, Inc. (AMZN) Receives $1,458.99 Consensus Price Target from Brokerages
Shares of Amazon.com, Inc. (NASDAQ:AMZN) have received a consensus rating of “Buy” from the fifty-seven research firms that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, forty-eight have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $1,458.99.
A number of equities analysts have commented on the stock. Cantor Fitzgerald reiterated a “buy” rating and issued a $1,150.00 price objective on shares of Amazon.com in a report on Tuesday, October 24th. They noted that the move was a valuation call. Bank of America reiterated a “buy” rating and issued a $1,460.00 price objective (up previously from $1,220.00) on shares of Amazon.com in a report on Tuesday, January 16th. They noted that the move was a valuation call. Vetr lowered shares of Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,079.96 price objective on the stock. in a report on Monday, October 23rd. Canaccord Genuity reiterated a “buy” rating and issued a $1,250.00 price objective (up previously from $1,200.00) on shares of Amazon.com in a report on Friday, October 27th. Finally, Jefferies Group restated a “buy” rating and issued a $1,350.00 target price on shares of Amazon.com in a research note on Friday, October 27th.
Shares of Amazon.com (NASDAQ:AMZN) traded up $49.14 during mid-day trading on Friday, reaching $1,388.74. 4,662,713 shares of the company’s stock were exchanged, compared to its average volume of 5,790,000. Amazon.com has a 52-week low of $822.85 and a 52-week high of $1,498.00. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.04 and a quick ratio of 0.76. The firm has a market cap of $666,650.00, a price-to-earnings ratio of 225.08, a P/E/G ratio of 5.89 and a beta of 1.63.
In other Amazon.com news, VP Shelley Reynolds sold 544 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $1,126.27, for a total value of $612,690.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chief Executive Officer of Worldwide Consumer Jeffrey A. Wilke sold 2,800 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $1,160.34, for a total transaction of $3,248,952.00. Following the completion of the transaction, the insider now owns 10,000 shares of the company’s stock, valued at approximately $11,603,400. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,368 shares of company stock valued at $10,726,970. Insiders own 17.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of AMZN. Whitnell & Co. lifted its stake in shares of Amazon.com by 581.3% in the 3rd quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock worth $105,000 after acquiring an additional 93 shares during the period. Vestor Capital LLC lifted its stake in shares of Amazon.com by 10.1% in the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after acquiring an additional 10 shares during the period. Taylor Hoffman Wealth Management acquired a new stake in shares of Amazon.com in the 4th quarter worth approximately $108,000. Portfolio Solutions LLC acquired a new stake in shares of Amazon.com in the 4th quarter worth approximately $119,000. Finally, Mountain Capital Investment Advisors Inc acquired a new stake in shares of Amazon.com in the 2nd quarter worth approximately $121,000. Hedge funds and other institutional investors own 59.06% of the company’s stock.
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Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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