Amazon.com (NASDAQ:AMZN) has been assigned a $2,500.00 price target by research analysts at Cowen in a research report issued to clients and investors on Monday, TipRanks reports. The firm presently has a “buy” rating on the e-commerce giant’s stock. Cowen’s price target points to a potential upside of 25.50% from the company’s previous close.
A number of other equities analysts have also recently issued reports on AMZN. JMP Securities upped their price target on shares of Amazon.com from $2,050.00 to $2,275.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th. Evercore ISI initiated coverage on shares of Polarityte in a research note on Wednesday, March 20th. They issued an “outperform” rating and a $26.00 price target on the stock. Raymond James set a $33.00 price target on shares of LKQ and gave the stock a “buy” rating in a research note on Friday, April 26th. Loop Capital assumed coverage on shares of TENCENT HOLDING/ADR in a research note on Monday, June 3rd. They issued a “buy” rating on the stock. Finally, Piper Jaffray Companies upped their target price on shares of Amazon.com from $2,070.00 to $2,225.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Three research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $2,193.89.
Amazon.com stock traded down $17.87 during mid-day trading on Monday, reaching $1,992.03. 2,299,603 shares of the company traded hands, compared to its average volume of 2,949,993. The stock’s 50 day moving average price is $1,887.61. The stock has a market capitalization of $995.00 billion, a price-to-earnings ratio of 98.91, a price-to-earnings-growth ratio of 2.30 and a beta of 1.57. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.09 and a quick ratio of 0.83. Amazon.com has a 52-week low of $1,307.00 and a 52-week high of $2,050.50.
In other news, CEO Jeffrey A. Wilke sold 2,500 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $1,926.29, for a total value of $4,815,725.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $19,262,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 379 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $1,838.32, for a total transaction of $696,723.28. Following the completion of the transaction, the vice president now owns 6,307 shares in the company, valued at approximately $11,594,284.24. The disclosure for this sale can be found here. Insiders sold a total of 18,993 shares of company stock worth $36,698,207 in the last quarter. Company insiders own 16.10% of the company’s stock.
Several large investors have recently modified their holdings of the company. Blue Fin Capital Inc. lifted its stake in shares of Amazon.com by 6.5% in the third quarter. Blue Fin Capital Inc. now owns 5,423 shares of the e-commerce giant’s stock valued at $10,862,000 after buying an additional 333 shares in the last quarter. J. L. Bainbridge & Co. Inc. purchased a new stake in Amazon.com during the third quarter worth about $1,302,000. Beaton Management Co. Inc. increased its holdings in Amazon.com by 1.0% during the third quarter. Beaton Management Co. Inc. now owns 1,034 shares of the e-commerce giant’s stock worth $2,071,000 after buying an additional 10 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Amazon.com by 7.6% in the third quarter. Nordea Investment Management AB now owns 237,280 shares of the e-commerce giant’s stock worth $475,270,000 after purchasing an additional 16,691 shares in the last quarter. Finally, B. Riley Wealth Management Inc. purchased a new position in shares of Amazon.com in the third quarter worth about $9,490,000. Hedge funds and other institutional investors own 55.49% 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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