Several other analysts have also issued reports on AMZN. DZ Bank reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, October 25th. Zacks Investment Research upgraded shares of Amazon.com from a “strong sell” rating to a “hold” rating and set a $1,480.00 target price on the stock in a research report on Wednesday, September 25th. BidaskClub lowered shares of Amazon.com from a “sell” rating to a “strong sell” rating in a research report on Friday, January 17th. UBS Group lifted their target price on shares of Amazon.com from $2,100.00 to $2,305.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Finally, Piper Jaffray Companies lowered their price target on shares of Amazon.com from $2,225.00 to $2,150.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and forty-four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $2,177.07.
Shares of NASDAQ AMZN traded down $25.87 during trading on Wednesday, hitting $1,858.71. The company had a trading volume of 2,566,953 shares, compared to its average volume of 3,332,492. The stock has a fifty day simple moving average of $1,831.23 and a two-hundred day simple moving average of $1,816.26. Amazon.com has a fifty-two week low of $1,566.76 and a fifty-two week high of $2,035.80. The firm has a market capitalization of $935.08 billion, a price-to-earnings ratio of 82.32, a price-to-earnings-growth ratio of 2.63 and a beta of 1.50. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.40.
In related news, VP Shelley Reynolds sold 379 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $1,750.66, for a total transaction of $663,500.14. Following the sale, the vice president now directly owns 6,307 shares of the company’s stock, valued at approximately $11,041,412.62. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Judith A. Mcgrath sold 304 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $1,749.91, for a total transaction of $531,972.64. Following the sale, the director now directly owns 2,324 shares in the company, valued at $4,066,790.84. The disclosure for this sale can be found here. Insiders sold a total of 10,196 shares of company stock worth $17,869,618 over the last three months. Insiders own 16.10% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in AMZN. United Bank grew its holdings in Amazon.com by 45.7% during the 2nd quarter. United Bank now owns 940 shares of the e-commerce giant’s stock worth $1,780,000 after acquiring an additional 295 shares in the last quarter. Arjuna Capital grew its holdings in Amazon.com by 1.0% during the 2nd quarter. Arjuna Capital now owns 3,180 shares of the e-commerce giant’s stock worth $6,022,000 after acquiring an additional 33 shares in the last quarter. Advisors Capital Management LLC grew its holdings in Amazon.com by 8.5% during the 2nd quarter. Advisors Capital Management LLC now owns 601 shares of the e-commerce giant’s stock worth $1,138,000 after acquiring an additional 47 shares in the last quarter. River & Mercantile Asset Management LLP acquired a new position in Amazon.com during the 2nd quarter worth approximately $17,190,000. Finally, MidWestOne Financial Group Inc. acquired a new position in Amazon.com during the 2nd quarter worth approximately $1,025,000. 56.40% of the stock is currently owned by hedge funds and other institutional investors.
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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