Amazon.com (NASDAQ:AMZN) had its price objective lifted by equities research analysts at UBS to $1,760.00 in a note issued to investors on Friday, March 9th, www.boersen-zeitung.de reports. The brokerage currently has a “buy” rating on the e-commerce giant’s stock. UBS’s price objective suggests a potential upside of 28.28% from the company’s previous close. The analysts noted that the move was a valuation call.
Several other brokerages also recently issued reports on AMZN. Vetr downgraded shares of Amazon.com from a “buy” rating to a “hold” rating and set a $1,603.06 price target for the company. in a report on Thursday, March 8th. Loop Capital set a $1,545.00 price target on shares of Amazon.com and gave the company a “buy” rating in a report on Wednesday, March 7th. BidaskClub raised shares of Amazon.com from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 24th. Wolfe Research raised shares of Amazon.com from a “peer perform” rating to an “outperform” rating in a report on Friday, February 23rd. Finally, MKM Partners reaffirmed a “buy” rating and issued a $1,750.00 price objective (up previously from $1,350.00) on shares of Amazon.com in a report on Wednesday, February 21st. Four research analysts have rated the stock with a hold rating, forty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Amazon.com has an average rating of “Buy” and a consensus price target of $1,481.38.
Shares of NASDAQ:AMZN traded down $75.35 during midday trading on Friday, reaching $1,371.99. The company had a trading volume of 10,452,275 shares, compared to its average volume of 5,958,148. The company has a current ratio of 1.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.89. Amazon.com has a one year low of $884.49 and a one year high of $1,617.54. The firm has a market cap of $700,667.69, a PE ratio of 301.54, a price-to-earnings-growth ratio of 6.36 and a beta of 1.59.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.31. Amazon.com had a net margin of 1.71% and a return on equity of 9.23%. The firm had revenue of $60.45 billion during the quarter, compared to analyst estimates of $59.85 billion. During the same quarter in the previous year, the firm earned $1.54 earnings per share. The firm’s revenue for the quarter was up 38.2% compared to the same quarter last year. equities research analysts forecast that Amazon.com will post 8.49 EPS for the current fiscal year.
In other news, VP Shelley Reynolds sold 544 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $1,462.32, for a total transaction of $795,502.08. Following the sale, the vice president now owns 6,533 shares of the company’s stock, valued at $9,553,336.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey A. Wilke sold 500 shares of the firm’s stock in a transaction dated Wednesday, March 21st. The stock was sold at an average price of $1,577.85, for a total value of $788,925.00. Following the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $15,778,500. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,214 shares of company stock worth $9,251,120. 17.00% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in the stock. Venturi Wealth Management LLC increased its position in shares of Amazon.com by 0.3% during the 2nd quarter. Venturi Wealth Management LLC now owns 632 shares of the e-commerce giant’s stock worth $612,000 after purchasing an additional 2 shares during the last quarter. Regis Management CO LLC boosted its stake in shares of Amazon.com by 0.9% during the 2nd quarter. Regis Management CO LLC now owns 231 shares of the e-commerce giant’s stock worth $224,000 after acquiring an additional 2 shares during the period. Hall Capital Management Co. Inc. boosted its stake in shares of Amazon.com by 0.8% during the 2nd quarter. Hall Capital Management Co. Inc. now owns 403 shares of the e-commerce giant’s stock worth $390,000 after acquiring an additional 3 shares during the period. Noesis Capital Mangement Corp boosted its stake in shares of Amazon.com by 0.8% during the 2nd quarter. Noesis Capital Mangement Corp now owns 505 shares of the e-commerce giant’s stock worth $489,000 after acquiring an additional 4 shares during the period. Finally, American Asset Management Inc. boosted its stake in shares of Amazon.com by 0.8% during the 2nd quarter. American Asset Management Inc. now owns 596 shares of the e-commerce giant’s stock worth $577,000 after acquiring an additional 5 shares during the period. 60.21% of the stock is currently owned by institutional investors and hedge funds.
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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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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