Amazon.com (AMZN) PT Lowered to $2,050.00

Amazon.com (NASDAQ:AMZN) had its price target reduced by JMP Securities from $2,075.00 to $2,050.00 in a research report sent to investors on Monday morning, MarketBeat.com reports. They currently have an outperform rating on the e-commerce giant’s stock.

A number of other equities research analysts also recently commented on AMZN. Argus lifted their target price on Amazon.com to $1,900.00 and gave the company a buy rating in a research report on Tuesday, July 3rd. JPMorgan Chase & Co. restated a buy rating on shares of Amazon.com in a research report on Monday, July 9th. Morgan Stanley restated a buy rating on shares of Amazon.com in a research report on Wednesday, July 11th. Canaccord Genuity restated a buy rating and issued a $2,000.00 target price (up previously from $1,800.00) on shares of Amazon.com in a research report on Thursday, July 12th. Finally, Cowen lifted their target price on Amazon.com from $2,000.00 to $2,100.00 and gave the company an outperform rating in a research report on Friday, July 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and forty-seven have issued a buy rating to the company. Amazon.com presently has a consensus rating of Buy and a consensus price target of $2,091.53.

NASDAQ:AMZN opened at $1,598.01 on Monday. Amazon.com has a 52 week low of $1,086.87 and a 52 week high of $2,050.50. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $748.33 billion, a price-to-earnings ratio of 351.21, a price-to-earnings-growth ratio of 2.95 and a beta of 1.58.



Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 EPS for the quarter, beating the Zacks’ consensus estimate of $3.29 by $2.46. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. The company had revenue of $56.58 billion for the quarter, compared to the consensus estimate of $57.05 billion. On average, research analysts predict that Amazon.com will post 19.19 EPS for the current fiscal year.

In related news, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $2,004.25, for a total transaction of $4,008,500.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $20,042,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey P. Bezos sold 16,964 shares of the business’s stock in a transaction on Monday, October 29th. The stock was sold at an average price of $1,632.23, for a total value of $27,689,149.72. Following the transaction, the chief executive officer now directly owns 78,884,539 shares of the company’s stock, valued at $128,757,711,091.97. The disclosure for this sale can be found here. Insiders have sold a total of 37,272 shares of company stock valued at $66,675,598 over the last three months. 16.30% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. HC Financial Advisors Inc. acquired a new position in shares of Amazon.com during the 4th quarter worth about $315,000. St. Johns Investment Management Company LLC boosted its position in shares of Amazon.com by 4.2% during the 1st quarter. St. Johns Investment Management Company LLC now owns 1,070 shares of the e-commerce giant’s stock worth $1,549,000 after acquiring an additional 43 shares in the last quarter. Zeke Capital Advisors LLC boosted its position in shares of Amazon.com by 12.1% during the 1st quarter. Zeke Capital Advisors LLC now owns 8,607 shares of the e-commerce giant’s stock worth $12,457,000 after acquiring an additional 926 shares in the last quarter. Mackay Shields LLC acquired a new position in shares of Amazon.com during the 1st quarter worth about $248,912,000. Finally, Reynders McVeigh Capital Management LLC boosted its position in shares of Amazon.com by 46.2% in the 1st quarter. Reynders McVeigh Capital Management LLC now owns 4,727 shares of the e-commerce giant’s stock valued at $327,000 after purchasing an additional 1,494 shares during the period. 56.73% of the stock is owned by hedge funds and other institutional investors.

About Amazon.com

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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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