A number of other research analysts also recently issued reports on the stock. DA Davidson boosted their price objective on shares of Amazon.com from $2,625.00 to $3,800.00 and gave the company a buy rating in a research report on Friday. Jefferies Financial Group boosted their target price on shares of Amazon.com from $3,100.00 to $3,800.00 and gave the company a buy rating in a report on Monday, July 20th. Needham & Company LLC restated a buy rating and set a $3,700.00 target price (up previously from $3,200.00) on shares of Amazon.com in a report on Friday. Robert W. Baird boosted their target price on shares of Amazon.com from $2,750.00 to $3,300.00 and gave the company an outperform rating in a report on Tuesday, July 7th. Finally, KeyCorp boosted their target price on shares of Amazon.com from $3,285.00 to $3,500.00 and gave the company an overweight rating in a report on Friday. One investment analyst has rated the stock with a sell rating, six have assigned 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 an average rating of Buy and a consensus target price of $3,240.51.
Shares of NASDAQ AMZN traded up $112.80 during mid-day 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 company has a debt-to-equity ratio of 0.36, a quick ratio of 0.84 and a current ratio of 1.08. Amazon.com has a 1 year low of $1,626.03 and a 1 year high of $3,344.29. The business has a 50 day moving average price of $2,884.55 and a two-hundred day moving average price of $2,314.52. The firm has a market cap of $1,578.48 billion, a P/E ratio of 121.67, a price-to-earnings-growth ratio of 5.62 and a beta of 1.32.
In related news, Director Patricia Q. Stonesifer sold 2,200 shares of Amazon.com 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 in the company, valued at approximately $10,820,248.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Indra K. Nooyi bought 27 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were purchased at an average price of $2,806.80 per share, for a total transaction of $75,783.60. Following the purchase, 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 currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gantzert Investment Co. LLC ADV purchased a new position in shares of Amazon.com during the 2nd quarter valued at $28,000. Sofos Investments Inc. lifted its stake in Amazon.com by 120.0% in the 1st quarter. Sofos Investments Inc. now owns 121 shares of the e-commerce giant’s stock worth $31,000 after purchasing an additional 66 shares in the last quarter. Deane Retirement Strategies Inc. lifted its stake in Amazon.com by 142.9% in the 1st quarter. Deane Retirement Strategies Inc. now owns 17 shares of the e-commerce giant’s stock worth $33,000 after purchasing an additional 10 shares in the last quarter. Your Advocates Ltd. LLP purchased a new stake in Amazon.com in the 1st quarter worth $37,000. Finally, James Investment Research Inc. purchased a new stake in Amazon.com in the 2nd quarter worth $55,000. 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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