Amazon.com (NASDAQ:AMZN) had its price objective hoisted by Oppenheimer from $2,700.00 to $3,500.00 in a report released on Friday morning, The Fly reports. The brokerage currently has an outperform rating on the e-commerce giant’s stock.
A number of other brokerages have also recently weighed in on AMZN. DZ Bank restated a buy rating on shares of Amazon.com in a report on Wednesday, July 8th. Needham & Company LLC reissued a buy rating and set a $3,700.00 price objective (up from $3,200.00) on shares of Amazon.com in a research note on Friday. Piper Sandler upgraded Amazon.com to a buy rating in a report on Monday, June 1st. Tigress Financial reaffirmed a buy rating on shares of Amazon.com in a report on Wednesday, April 8th. Finally, Susquehanna Bancshares reissued a positive rating and issued a $3,000.00 price target (up previously from $2,500.00) on shares of Amazon.com in a research note on Friday, May 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, forty-five have given a buy rating and one has given a strong buy rating to the company’s stock. Amazon.com currently has an average rating of Buy and an average target price of $3,240.51.
Shares of Amazon.com stock traded up $112.80 on Friday, hitting $3,164.68. The company had a trading volume of 8,083,369 shares, compared to its average volume of 5,323,443. Amazon.com has a 52 week low of $1,626.03 and a 52 week high of $3,344.29. The company has a market cap of $1,578.48 billion, a PE ratio of 121.67, a PEG ratio of 5.62 and a beta of 1.32. The business has a 50-day simple moving average of $2,884.55 and a 200-day simple moving average of $2,314.52. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.08 and a quick ratio of 0.84.
In related news, Director Patricia Q. Stonesifer sold 2,200 shares of the business’s stock in a transaction 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 transaction, the director now owns 4,645 shares of the company’s stock, valued at $10,820,248.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 6,945 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 93,105 shares in the company, valued at approximately $210,091,432.50. The disclosure for this sale can be found here. Insiders own 16.10% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Sunbelt Securities Inc. raised its stake in shares of Amazon.com by 23.9% during the 4th quarter. Sunbelt Securities Inc. now owns 7,401 shares of the e-commerce giant’s stock worth $13,500,000 after purchasing an additional 1,430 shares in the last quarter. IMS Capital Management increased its stake in Amazon.com by 49.0% during the 1st quarter. IMS Capital Management now owns 1,550 shares of the e-commerce giant’s stock valued at $3,022,000 after purchasing an additional 510 shares in the last quarter. Woodstock Corp increased its stake in Amazon.com by 10.6% during the 1st quarter. Woodstock Corp now owns 178 shares of the e-commerce giant’s stock valued at $347,000 after purchasing an additional 17 shares in the last quarter. Fulton Bank N.A. raised its holdings in Amazon.com by 10.7% during 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 lifted its stake in shares of Amazon.com by 5.6% in the first quarter. Wiley BROS. Aintree Capital LLC now owns 563 shares of the e-commerce giant’s stock valued at $1,098,000 after buying an additional 30 shares in the last quarter. 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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