Amazon.com (NASDAQ:AMZN) had its target price increased by JMP Securities from $4,350.00 to $4,500.00 in a research report released on Friday morning, The Fly reports. The brokerage currently has a market outperform rating on the e-commerce giant’s stock.
A number of other equities research analysts also recently weighed in on AMZN. Jefferies Financial Group raised their price target on Amazon.com from $3,800.00 to $4,000.00 and gave the stock a buy rating in a research note on Wednesday, February 3rd. Raymond James raised their price target on Amazon.com from $3,500.00 to $4,000.00 and gave the stock an outperform rating in a research note on Wednesday, February 3rd. Wedbush reissued an outperform rating and set a $4,000.00 price objective (up previously from $3,900.00) on shares of Amazon.com in a report on Wednesday, February 3rd. JPMorgan Chase & Co. reissued a buy rating and set a $4,400.00 price objective on shares of Amazon.com in a report on Thursday, April 22nd. Finally, Susquehanna Bancshares increased their price objective on Amazon.com from $4,000.00 to $5,200.00 and gave the company a positive rating in a report on Wednesday, February 3rd. Two analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $4,094.67.
AMZN opened at $3,386.49 on Friday. Amazon.com has a fifty-two week low of $2,256.38 and a fifty-two week high of $3,554.00. The business has a 50-day moving average of $3,249.06 and a 200-day moving average of $3,200.77. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.11 and a quick ratio of 0.88. The company has a market capitalization of $1.71 trillion, a PE ratio of 99.17, a price-to-earnings-growth ratio of 2.37 and a beta of 1.19.
In other news, Director Judith A. Mcgrath sold 340 shares of Amazon.com stock in a transaction on Thursday, February 4th. The stock was sold at an average price of $3,328.35, for a total value of $1,131,639.00. Following the completion of the sale, the director now directly owns 1,984 shares of the company’s stock, valued at approximately $6,603,446.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David H. Clark sold 1,019 shares of Amazon.com stock in a transaction on Tuesday, February 16th. The shares were sold at an average price of $3,257.88, for a total value of $3,319,779.72. Following the completion of the sale, the chief executive officer now directly owns 1,452 shares of the company’s stock, valued at $4,730,441.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,637 shares of company stock valued at $5,426,309. Corporate insiders own 16.10% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMZN. Itau Unibanco Holding S.A. increased its stake in shares of Amazon.com by 106,580.3% in the 4th quarter. Itau Unibanco Holding S.A. now owns 7,555,096 shares of the e-commerce giant’s stock valued at $13,483,000 after buying an additional 7,548,014 shares during the period. Norges Bank acquired a new stake in shares of Amazon.com in the 4th quarter valued at $14,877,308,000. Morgan Stanley increased its stake in shares of Amazon.com by 28.3% in the 4th quarter. Morgan Stanley now owns 6,252,720 shares of the e-commerce giant’s stock valued at $20,364,676,000 after buying an additional 1,377,328 shares during the period. Clarus Group Inc. increased its stake in shares of Amazon.com by 35,361.0% in the 1st quarter. Clarus Group Inc. now owns 250,000 shares of the e-commerce giant’s stock valued at $1,006,000 after buying an additional 249,295 shares during the period. Finally, Connecticut Wealth Management LLC increased its stake in shares of Amazon.com by 24,444.3% in the 1st quarter. Connecticut Wealth Management LLC now owns 218,444 shares of the e-commerce giant’s stock valued at $13,636,000 after buying an additional 217,554 shares during the period. 56.39% of the stock is owned by institutional investors.
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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
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