Amazon.com (NASDAQ:AMZN) was upgraded by research analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a report issued on Friday, Marketbeat Ratings reports.
AMZN has been the subject of a number of other research reports. Needham & Company LLC reiterated a “buy” rating and issued a $1,250.00 target price (up previously from $1,150.00) on shares of Amazon.com in a research note on Friday, October 27th. Cantor Fitzgerald lifted their target price on shares of Amazon.com to $1,360.00 and gave the company an “overweight” rating in a research note on Friday, October 27th. They noted that the move was a valuation call. Vetr cut shares of Amazon.com from a “hold” rating to a “sell” rating and set a $1,346.44 target price for the company. in a research note on Monday, January 29th. Wells Fargo & Co lifted their target price on shares of Amazon.com to $1,525.00 and gave the company an “outperform” rating in a research note on Friday, December 1st. They noted that the move was a valuation call. Finally, Goldman Sachs Group reiterated a “conviction-buy” rating on shares of Amazon.com in a research note on Friday, February 2nd. Five research analysts have rated the stock with a hold rating, forty-seven have issued a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $1,458.07.
Amazon.com (NASDAQ:AMZN) opened at $1,521.95 on Friday. Amazon.com has a one year low of $833.50 and a one year high of $1,522.84. The company has a quick ratio of 0.76, a current ratio of 1.04 and a debt-to-equity ratio of 0.89. The stock has a market cap of $736,790.00, a P/E ratio of 332.30, a PEG ratio of 6.60 and a beta of 1.63.
In other Amazon.com news, VP Shelley Reynolds sold 544 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $1,462.32, for a total transaction of $795,502.08. Following the completion of the sale, the vice president now owns 6,533 shares in the company, valued at approximately $9,553,336.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chief Executive Officer of Worldwide Consumer Jeffrey A. Wilke sold 2,800 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $1,160.34, for a total transaction of $3,248,952.00. Following the sale, the insider now owns 10,000 shares of the company’s stock, valued at approximately $11,603,400. The disclosure for this sale can be found here. Insiders have sold a total of 8,014 shares of company stock valued at $10,944,054 in the last quarter. Corporate insiders own 17.00% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Whitnell & Co. grew its holdings in shares of Amazon.com by 581.3% in the 3rd quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after buying an additional 93 shares during the period. Vestor Capital LLC grew its holdings in shares of Amazon.com by 10.1% in the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after buying an additional 10 shares during the period. Taylor Hoffman Wealth Management acquired a new position in shares of Amazon.com in the 4th quarter valued at $108,000. Portfolio Solutions LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at $119,000. Finally, Mountain Capital Investment Advisors Inc acquired a new position in shares of Amazon.com in the 2nd quarter valued at $121,000. Institutional investors own 59.31% of the company’s stock.
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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 Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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