Vetr cut shares of Amazon.com (NASDAQ:AMZN) from a buy rating to a hold rating in a research note released on Monday morning. The brokerage currently has $1,277.08 target price on the e-commerce giant’s stock.
AMZN has been the subject of several other research reports. Stifel Nicolaus reaffirmed a buy rating and set a $1,100.00 price objective on shares of Amazon.com in a report on Tuesday, October 24th. Loop Capital set a $1,200.00 price objective on shares of Amazon.com and gave the stock a buy rating in a report on Friday, October 20th. Royal Bank of Canada set a $1,100.00 price objective on shares of Amazon.com and gave the stock a buy rating in a report on Monday, September 11th. Needham & Company LLC reaffirmed a buy rating and set a $1,250.00 price objective (up previously from $1,150.00) on shares of Amazon.com in a report on Friday, October 27th. Finally, Cantor Fitzgerald raised their price objective on shares of Amazon.com to $1,360.00 and gave the stock an overweight rating in a report on Friday, October 27th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and fifty-one have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $1,252.46.
Amazon.com (AMZN) opened at $1,254.33 on Monday. Amazon.com has a 52-week low of $789.51 and a 52-week high of $1,259.33. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.03 and a quick ratio of 0.74. The stock has a market cap of $604,430.00, a PE ratio of 316.75, a P/E/G ratio of 7.22 and a beta of 1.46.
In other Amazon.com news, CEO Jeffrey P. Bezos sold 391,110 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the transaction, the chief executive officer now directly owns 79,891,433 shares of the company’s stock, valued at $88,162,593,058.49. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $11,603,400. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 402,338 shares of company stock worth $444,391,701. Insiders own 17.00% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Oak Point Wealth Management acquired a new stake in shares of Amazon.com during the fourth quarter worth $125,000. Whitnell & Co. raised its holdings in shares of Amazon.com by 581.3% during the third quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock worth $105,000 after acquiring an additional 93 shares during the period. Vestor Capital LLC raised its holdings in shares of Amazon.com by 10.1% during the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after acquiring an additional 10 shares during the period. LeJeune Puetz Investment Counsel LLC acquired a new stake in shares of Amazon.com during the second quarter worth $116,000. Finally, Mountain Capital Investment Advisors Inc acquired a new stake in shares of Amazon.com during the second quarter worth $121,000. 59.78% of the stock is currently owned by institutional investors.
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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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