Amazon.com (NASDAQ:AMZN) had its target price lifted by Goldman Sachs Group from $3,800.00 to $4,200.00 in a research note published on Friday morning, The Fly reports. Goldman Sachs Group currently has a conviction-buy rating on the e-commerce giant’s stock.
A number of other analysts also recently issued reports on AMZN. Telsey Advisory Group raised their price target on Amazon.com from $2,800.00 to $3,600.00 and gave the stock an outperform rating in a research report on Monday, July 27th. UBS Group lifted their price target on shares of Amazon.com from $3,000.00 to $4,000.00 and gave the stock a buy rating in a research note on Friday. Canaccord Genuity increased their price objective on shares of Amazon.com from $3,300.00 to $3,800.00 and gave the stock a buy rating in a research report on Friday. William Blair restated a buy rating on shares of Amazon.com in a research report on Monday, June 22nd. Finally, Guggenheim upped their target price on Amazon.com from $2,250.00 to $2,700.00 and gave the company a buy rating in a research note on Friday, May 1st. One analyst has rated the stock with a sell rating, six have given a hold rating, forty-five have assigned a buy rating and one has issued a strong buy rating to the stock. Amazon.com presently has a consensus rating of Buy and a consensus target price of $3,240.51.
Shares of NASDAQ:AMZN traded up $112.80 on Friday, reaching $3,164.68. The company’s stock had a trading volume of 8,083,369 shares, compared to its average volume of 5,323,443. The company has a 50-day simple moving average of $2,884.55 and a 200 day simple moving average of $2,314.52. Amazon.com has a 52-week low of $1,626.03 and a 52-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 market cap of $1,578.48 billion, a P/E ratio of 121.67, a PEG ratio of 5.62 and a beta of 1.32.
In other Amazon.com news, CEO Andrew R. Jassy sold 6,945 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 93,105 shares in the company, valued at approximately $210,091,432.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Indra K. Nooyi acquired 27 shares of Amazon.com stock in a transaction dated Wednesday, July 1st. The stock was purchased at an average price of $2,806.80 per share, with a total value of $75,783.60. Following the completion of the purchase, the director now owns 707 shares of the company’s stock, valued at $1,984,407.60. The disclosure for this purchase can be found here. Corporate insiders own 16.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in AMZN. National Asset Management Inc. boosted its holdings in shares of Amazon.com by 2.8% in the 2nd quarter. National Asset Management Inc. now owns 11,339 shares of the e-commerce giant’s stock valued at $31,284,000 after acquiring an additional 311 shares during the last quarter. Comerica Bank boosted its holdings in Amazon.com by 6.4% in the second quarter. Comerica Bank now owns 88,908 shares of the e-commerce giant’s stock valued at $275,606,000 after purchasing an additional 5,326 shares during the last quarter. Valmark Advisers Inc. boosted its holdings in Amazon.com by 25.5% in the second quarter. Valmark Advisers Inc. now owns 1,067 shares of the e-commerce giant’s stock valued at $2,944,000 after purchasing an additional 217 shares during the last quarter. Dixon Hubard Feinour & Brown Inc. VA grew its position in Amazon.com by 4.0% during the 2nd quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 3,070 shares of the e-commerce giant’s stock worth $9,211,000 after purchasing an additional 117 shares during the period. Finally, Wilbanks Smith & Thomas Asset Management LLC raised its stake in shares of Amazon.com by 10.7% during the 2nd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 5,201 shares of the e-commerce giant’s stock valued at $14,349,000 after buying an additional 503 shares during the last quarter. Institutional investors and hedge funds 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.
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