Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating reiterated by analysts at Loop Capital in a note issued to investors on Wednesday. They currently have a $1,100.00 price objective on the e-commerce giant’s stock. Loop Capital’s target price indicates a potential upside of 21.94% from the stock’s previous close.
Other analysts also recently issued research reports about the stock. Instinet lowered their target price on shares of Amazon.com to $925.00 in a report on Friday, February 3rd. TheStreet raised shares of Amazon.com from a “c+” rating to a “b-” rating in a report on Wednesday, February 8th. Royal Bank of Canada reissued a “buy” rating and set a $950.00 price objective on shares of Amazon.com in a report on Tuesday, January 3rd. Canaccord Genuity reissued a “buy” rating and set a $875.00 price objective on shares of Amazon.com in a report on Tuesday, January 3rd. Finally, Goldman Sachs Group Inc reissued a “buy” rating and set a $1,010.00 price objective on shares of Amazon.com in a report on Thursday, December 29th. Five equities research analysts have rated the stock with a hold rating and forty-eight have given a buy rating to the stock. Amazon.com currently has an average rating of “Buy” and a consensus price target of $961.29.
Amazon.com (NASDAQ:AMZN) opened at 902.06 on Wednesday. The stock has a market cap of $430.44 billion, a price-to-earnings ratio of 184.09 and a beta of 1.40. Amazon.com has a 52-week low of $599.20 and a 52-week high of $923.72. The company has a 50-day moving average price of $871.22 and a 200 day moving average price of $817.02.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 2nd. The e-commerce giant reported $1.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.19. The business had revenue of $43.74 billion for the quarter, compared to the consensus estimate of $44.66 billion. Amazon.com had a net margin of 1.74% and a return on equity of 13.87%. The business’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.00 earnings per share. On average, analysts expect that Amazon.com will post $7.24 earnings per share for the current year.
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In other Amazon.com news, insider David Zapolsky sold 503 shares of the stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total transaction of $427,550.00. Following the transaction, the insider now owns 2,523 shares in the company, valued at $2,144,550. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Tom A. Alberg sold 590 shares of the stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $850.00, for a total value of $501,500.00. Following the transaction, the director now owns 22,525 shares in the company, valued at approximately $19,146,250. The disclosure for this sale can be found here. Company insiders own 17.70% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Round Table Services LLC increased its stake in shares of Amazon.com by 86.0% in the third quarter. Round Table Services LLC now owns 649 shares of the e-commerce giant’s stock valued at $543,000 after buying an additional 300 shares during the last quarter. First Manhattan Co. increased its stake in shares of Amazon.com by 13.6% in the third quarter. First Manhattan Co. now owns 3,410 shares of the e-commerce giant’s stock valued at $2,855,000 after buying an additional 407 shares during the last quarter. Asset Advisors Corp increased its stake in shares of Amazon.com by 15.9% in the third quarter. Asset Advisors Corp now owns 3,820 shares of the e-commerce giant’s stock valued at $3,199,000 after buying an additional 525 shares during the last quarter. Beese Fulmer Investment Management Inc. bought a new stake in shares of Amazon.com during the third quarter valued at about $260,000. Finally, Acadian Asset Management LLC increased its stake in shares of Amazon.com by 183.4% in the third quarter. Acadian Asset Management LLC now owns 332,176 shares of the e-commerce giant’s stock valued at $278,137,000 after buying an additional 214,960 shares during the last quarter. Institutional investors own 65.08% of the company’s stock.
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
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