Amazon.com (NASDAQ:AMZN) PT Raised to $3,680.00

Amazon.com (NASDAQ:AMZN) had its price objective increased by Credit Suisse Group from $3,400.00 to $3,680.00 in a note issued to investors on Friday, The Fly reports. The brokerage presently has an “outperform” rating on the e-commerce giant’s stock. Credit Suisse Group’s price objective indicates a potential upside of 16.28% from the company’s current price.

Several other analysts have also recently weighed in on AMZN. Guggenheim lifted their price objective on Amazon.com from $2,250.00 to $2,700.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Rowe lifted their price objective on Amazon.com from $2,500.00 to $3,000.00 and gave the company a “positive” rating in a research report on Friday, May 1st. Jefferies Financial Group lifted their price objective on Amazon.com from $3,100.00 to $3,800.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Cowen lifted their price objective on Amazon.com from $2,750.00 to $3,700.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Finally, Susquehanna Bancshares reaffirmed a “positive” rating and set a $3,000.00 price objective (up from $2,500.00) on shares of Amazon.com in a research report on Friday, May 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-five have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $3,240.51.

Shares of NASDAQ:AMZN opened at $3,164.68 on Friday. Amazon.com has a 1 year low of $1,626.03 and a 1 year high of $3,344.29. The company has a market cap of $1,578.47 billion, a PE ratio of 121.67, a P/E/G ratio of 5.83 and a beta of 1.32. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.08 and a quick ratio of 0.84. The stock’s 50-day moving average is $2,884.55 and its 200 day moving average is $2,314.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $8.56. Amazon.com had a return on equity of 21.51% and a net margin of 4.10%. The company had revenue of $88.91 billion for the quarter, compared to the consensus estimate of $81.56 billion. Analysts expect that Amazon.com will post 20.12 EPS for the current fiscal year.

In other news, CEO Andrew R. Jassy sold 6,945 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $2,256.50, for a total value of $15,671,392.50. Following the completion of the sale, the chief executive officer now directly owns 93,105 shares in the company, valued at approximately $210,091,432.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Indra K. Nooyi acquired 27 shares of Amazon.com stock in a transaction dated Wednesday, July 1st. The stock was bought at an average price of $2,806.80 per share, with a total value of $75,783.60. Following the completion of the purchase, the director now directly owns 707 shares in the company, valued at $1,984,407.60. The disclosure for this purchase can be found here. 16.10% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the company. Gantzert Investment Co. LLC ADV purchased a new stake in shares of Amazon.com in the 2nd quarter worth $28,000. Sofos Investments Inc. increased its stake in shares of 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. increased its stake in shares of 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 shares of Amazon.com in the 1st quarter worth $37,000. Finally, James Investment Research Inc. purchased a new stake in shares of Amazon.com in the 2nd quarter worth $55,000. Hedge funds and other institutional investors own 64.54% of the company’s stock.

Amazon.com Company Profile

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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