Amazon.com (NASDAQ:AMZN) had its price target upped by UBS Group from $3,000.00 to $4,000.00 in a research report released on Friday, The Fly reports. They currently have a buy rating on the e-commerce giant’s stock.
AMZN has been the subject of a number of other reports. Needham & Company LLC reissued a buy rating and set a $3,700.00 price target (up from $3,200.00) on shares of Amazon.com in a research note on Friday. Susquehanna Bancshares reissued a positive rating and set a $3,000.00 target price (up from $2,500.00) on shares of Amazon.com in a research note on Friday, May 1st. Monness Crespi & Hardt raised shares of Amazon.com to a buy rating in a research note on Tuesday, July 7th. Barclays lifted their price objective on shares of Amazon.com from $3,430.00 to $3,530.00 and gave the company an overweight rating in a report on Friday. Finally, Guggenheim upped their target price on shares of Amazon.com from $2,250.00 to $2,700.00 and gave the stock a buy rating in a research note on Friday, May 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-five have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $3,240.51.
Shares of AMZN traded up $112.80 during midday trading on Friday, hitting $3,164.68. The stock had a trading volume of 8,083,369 shares, compared to its average volume of 5,323,443. The stock’s 50 day moving average is $2,884.55 and its 200 day moving average is $2,314.52. The firm has a market cap of $1,578.48 billion, a PE ratio of 121.67, a price-to-earnings-growth ratio of 5.62 and a beta of 1.32. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.08 and a quick ratio of 0.84. Amazon.com has a 1 year low of $1,626.03 and a 1 year high of $3,344.29.
In related news, CEO Andrew R. Jassy sold 6,945 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $2,256.50, for a total value of $15,671,392.50. Following the sale, the chief executive officer now owns 93,105 shares in the company, valued at $210,091,432.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Indra K. Nooyi purchased 27 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was acquired at an average price of $2,806.80 per share, for a total transaction of $75,783.60. Following the acquisition, the director now owns 707 shares in the company, valued at approximately $1,984,407.60. The disclosure for this purchase can be found here. 16.10% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. boosted its holdings in Amazon.com by 23.9% in the fourth quarter. Sunbelt Securities Inc. now owns 7,401 shares of the e-commerce giant’s stock valued at $13,500,000 after purchasing an additional 1,430 shares during the last quarter. IMS Capital Management lifted its holdings in shares of Amazon.com by 49.0% in the 1st quarter. IMS Capital Management now owns 1,550 shares of the e-commerce giant’s stock valued at $3,022,000 after buying an additional 510 shares during the period. Woodstock Corp boosted its stake in shares of Amazon.com by 10.6% in the first quarter. Woodstock Corp now owns 178 shares of the e-commerce giant’s stock worth $347,000 after buying an additional 17 shares during the last quarter. Fulton Bank N.A. boosted its stake in shares of Amazon.com by 10.7% in the first quarter. Fulton Bank N.A. now owns 6,531 shares of the e-commerce giant’s stock worth $12,733,000 after buying an additional 629 shares during the last quarter. Finally, Wiley BROS. Aintree Capital LLC grew its holdings in Amazon.com by 5.6% during the first quarter. Wiley BROS. Aintree Capital LLC now owns 563 shares of the e-commerce giant’s stock worth $1,098,000 after acquiring an additional 30 shares during the period. Hedge funds and other institutional investors own 64.54% of the company’s stock.
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) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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