Amazon.com (NASDAQ:AMZN) PT Raised to $4,075.00

Amazon.com (NASDAQ:AMZN) had its price objective increased by research analysts at JMP Securities from $2,850.00 to $4,075.00 in a research report issued to clients and investors on Friday, The Fly reports. The brokerage presently has an “outperform” rating on the e-commerce giant’s stock. JMP Securities’ target price suggests a potential upside of 28.76% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. Tigress Financial restated a “buy” rating on shares of Amazon.com in a research report on Wednesday, April 8th. Royal Bank of Canada restated a “buy” rating on shares of Amazon.com in a research report on Tuesday, June 9th. Credit Suisse Group restated a “buy” rating on shares of Amazon.com in a research report on Monday, July 27th. KeyCorp lifted their target price on Amazon.com from $2,700.00 to $3,285.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Finally, Raymond James lifted their target price on Amazon.com from $2,400.00 to $2,525.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, forty-five have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $3,240.51.

Shares of AMZN stock opened at $3,164.68 on Friday. The business’s 50-day moving average price is $2,884.55 and its 200-day moving average price is $2,314.52. Amazon.com has a 12 month low of $1,626.03 and a 12 month high of $3,344.29. The firm has a market capitalization of $1,578.47 billion, a price-to-earnings ratio of 121.67, a PEG ratio of 5.83 and a beta of 1.32. The company has a current ratio of 1.08, a quick ratio of 0.84 and a debt-to-equity ratio of 0.36.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 during the quarter, compared to the consensus estimate of $81.56 billion. On average, sell-side analysts predict that Amazon.com will post 20.12 earnings per share for the current fiscal year.

In other news, Director Indra K. Nooyi bought 27 shares of the stock in a transaction on Wednesday, July 1st. The shares were purchased at an average cost of $2,806.80 per share, for a total transaction of $75,783.60. Following the completion of the purchase, the director now directly owns 707 shares in the company, valued at approximately $1,984,407.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 6,945 shares of the business’s stock in a transaction on Monday, May 4th. The shares were 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 owns 93,105 shares in the company, valued at $210,091,432.50. The disclosure for this sale can be found here. Insiders own 16.10% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of AMZN. Legacy Advisors LLC raised its stake in shares of Amazon.com by 23.3% during the 2nd quarter. Legacy Advisors LLC now owns 1,038 shares of the e-commerce giant’s stock valued at $2,864,000 after purchasing an additional 196 shares during the period. Boston Trust Walden Corp raised its stake in shares of Amazon.com by 87.0% during the 1st quarter. Boston Trust Walden Corp now owns 1,997 shares of the e-commerce giant’s stock valued at $3,894,000 after purchasing an additional 929 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Amazon.com by 7.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 68,348 shares of the e-commerce giant’s stock valued at $133,260,000 after purchasing an additional 4,521 shares during the period. IHT Wealth Management LLC raised its stake in shares of Amazon.com by 6.6% during the 1st quarter. IHT Wealth Management LLC now owns 6,500 shares of the e-commerce giant’s stock valued at $12,673,000 after purchasing an additional 405 shares during the period. Finally, RDA Financial Network raised its stake in shares of Amazon.com by 4.7% during the 1st quarter. RDA Financial Network now owns 877 shares of the e-commerce giant’s stock valued at $1,710,000 after purchasing an additional 39 shares during the period. 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.

Further Reading: What impact do institutional investors have on markets?

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