Amazon.com (NASDAQ:AMZN) Price Target Increased to $3,800.00 by Analysts at DA Davidson

Amazon.com (NASDAQ:AMZN) had its price objective raised by DA Davidson from $2,625.00 to $3,800.00 in a research report sent to investors on Friday, The Fly reports. They currently have a buy rating on the e-commerce giant’s stock.

A number of other equities analysts have also recently issued reports on the stock. Wells Fargo & Co increased their price objective on shares of Amazon.com from $3,000.00 to $3,600.00 and gave the stock an overweight rating in a research report on Monday, July 27th. Stifel Nicolaus boosted their price objective on Amazon.com from $3,300.00 to $3,500.00 and gave the company a buy rating in a report on Friday. Pivotal Research reaffirmed a buy rating and set a $2,700.00 target price on shares of Amazon.com in a research report on Friday, June 5th. China International Capital lifted their price target on shares of Amazon.com from $1,850.00 to $2,162.00 in a research report on Wednesday, May 6th. Finally, Credit Suisse Group upped their price objective on shares of Amazon.com from $3,400.00 to $3,680.00 and gave the stock an outperform rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, forty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $3,240.51.

Shares of AMZN stock traded up $112.80 during trading hours on Friday, hitting $3,164.68. 8,083,369 shares of the company were exchanged, compared to its average volume of 5,323,443. The firm has a market cap of $1,578.48 billion, a P/E ratio of 121.67, a P/E/G ratio of 5.62 and a beta of 1.32. Amazon.com has a fifty-two week low of $1,626.03 and a fifty-two week high of $3,344.29. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.84 and a current ratio of 1.08. The company has a 50 day simple moving average of $2,884.55 and a two-hundred day simple moving average of $2,314.52.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.74 by $8.56. The company had revenue of $88.91 billion for the quarter, compared to the consensus estimate of $81.56 billion. Amazon.com had a net margin of 4.10% and a return on equity of 21.51%. As a group, sell-side analysts expect that Amazon.com will post 20.12 EPS for the current fiscal year.

In other Amazon.com news, Director Patricia Q. Stonesifer sold 2,200 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $2,329.44, for a total transaction of $5,124,768.00. Following the completion of the sale, the director now directly owns 4,645 shares in the company, valued at $10,820,248.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 6,945 shares of the business’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 transaction of $15,671,392.50. Following the completion of the transaction, the chief executive officer now directly owns 93,105 shares of the company’s stock, valued at approximately $210,091,432.50. The disclosure for this sale can be found here. 16.10% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Advisor Group Holdings Inc. bought a new position in Amazon.com in the first quarter valued at $294,639,000. Geode Capital Management LLC boosted its holdings in shares of Amazon.com by 2.5% in the 1st quarter. Geode Capital Management LLC now owns 6,048,684 shares of the e-commerce giant’s stock worth $11,768,454,000 after purchasing an additional 147,641 shares in the last quarter. Capital International Investors increased its position in shares of Amazon.com by 7.3% during the 1st quarter. Capital International Investors now owns 4,599,769 shares of the e-commerce giant’s stock valued at $8,968,262,000 after purchasing an additional 312,549 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of Amazon.com by 10.7% during the 1st quarter. Capital Research Global Investors now owns 4,501,995 shares of the e-commerce giant’s stock valued at $8,777,634,000 after buying an additional 435,331 shares in the last quarter. Finally, Capital World Investors lifted its position in Amazon.com by 11.4% in the 1st quarter. Capital World Investors now owns 4,125,258 shares of the e-commerce giant’s stock worth $8,043,108,000 after buying an additional 423,738 shares during the last quarter. Hedge funds and other institutional investors own 64.54% of the company’s stock.

Amazon.com Company Profile

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.

See Also: Buy-Side Analysts

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