Amazon.com Inc. (NASDAQ:AMZN) had its price objective raised by equities research analysts at SunTrust Banks Inc. from $800.00 to $850.00 in a research report issued to clients and investors on Wednesday. The firm currently has a “neutral” rating on the e-commerce giant’s stock. SunTrust Banks Inc.’s target price would indicate a potential upside of 0.99% from the company’s previous close.
A number of other brokerages have also recently commented on AMZN. Needham & Company LLC reiterated a “hold” rating on shares of Amazon.com in a report on Monday, June 27th. Oppenheimer Holdings Inc. boosted their price objective on Amazon.com from $780.00 to $930.00 and gave the company a “buy” rating in a report on Tuesday, June 7th. Wedbush restated an “outperform” rating and set a $900.00 price objective on shares of Amazon.com in a report on Friday, September 30th. Piper Jaffray Cos. restated a “buy” rating and set a $800.00 price objective on shares of Amazon.com in a report on Sunday, July 31st. Finally, Raymond James Financial Inc. restated a “buy” rating and set a $770.00 price objective on shares of Amazon.com in a report on Wednesday, June 8th. Five equities research analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $891.31.
Amazon.com (NASDAQ:AMZN) opened at 841.66 on Wednesday. The stock’s 50 day moving average price is $787.49 and its 200 day moving average price is $716.23. Amazon.com has a one year low of $474.00 and a one year high of $847.21. The company has a market capitalization of $399.01 billion, a P/E ratio of 209.32 and a beta of 1.20.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 EPS for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.67. The firm earned $30.40 billion during the quarter, compared to analysts’ expectations of $29.54 billion. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. The company’s quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 EPS. Equities analysts anticipate that Amazon.com will post $5.85 EPS for the current fiscal year.
In other Amazon.com news, VP Shelley Reynolds sold 625 shares of Amazon.com stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $770.10, for a total value of $481,312.50. Following the sale, the vice president now owns 6,519 shares of the company’s stock, valued at approximately $5,020,281.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey M. Blackburn sold 10,000 shares of Amazon.com stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $760.98, for a total value of $7,609,800.00. Following the completion of the sale, the insider now directly owns 55,887 shares in the company, valued at approximately $42,528,889.26. The disclosure for this sale can be found here. 17.70% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in the stock. Pathstone Family Office LLC raised its stake in shares of Amazon.com by 92.1% in the second quarter. Pathstone Family Office LLC now owns 146 shares of the e-commerce giant’s stock worth $105,000 after buying an additional 70 shares in the last quarter. Kistler Tiffany Companies LLC raised its stake in shares of Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock valued at $108,000 after buying an additional 136 shares during the period. Kings Point Capital Management purchased a new stake in shares of Amazon.com during the second quarter valued at approximately $109,000. Krilogy Financial LLC raised its stake in shares of Amazon.com by 157.1% in the second quarter. Krilogy Financial LLC now owns 198 shares of the e-commerce giant’s stock valued at $142,000 after buying an additional 121 shares during the period. Finally, West Oak Capital LLC raised its stake in shares of Amazon.com by 105.7% in the second quarter. West Oak Capital LLC now owns 216 shares of the e-commerce giant’s stock valued at $155,000 after buying an additional 111 shares during the period. 65.44% of the stock is currently owned by institutional investors.
Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).
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