Amazon.com (NASDAQ:AMZN)‘s stock had its “overweight” rating reaffirmed by investment analysts at Piper Jaffray Companies in a research note issued to investors on Tuesday, MarketBeat reports. They currently have a $1,400.00 price target on the e-commerce giant’s stock, up from their previous price target of $1,200.00. Piper Jaffray Companies’ target price suggests a potential upside of 11.61% from the company’s previous close.
Several other equities analysts also recently commented on AMZN. Royal Bank of Canada set a $1,100.00 price objective on Amazon.com and gave the company a “buy” rating in a research note on Monday, September 11th. Barclays reiterated an “overweight” rating and issued a $1,150.00 price objective on shares of Amazon.com in a research note on Tuesday, September 12th. Loop Capital initiated coverage on Amazon.com in a research note on Tuesday, September 12th. They issued a “buy” rating and a $1,200.00 price objective on the stock. UBS Group reiterated a “buy” rating and issued a $1,200.00 price objective on shares of Amazon.com in a research note on Saturday, September 16th. Finally, Argus reiterated a “buy” rating and issued a $1,150.00 price objective on shares of Amazon.com in a research note on Thursday, September 21st. Four analysts have rated the stock with a hold rating and fifty-one have given a buy rating to the company’s stock. Amazon.com has a consensus rating of “Buy” and a consensus price target of $1,252.46.
Amazon.com (NASDAQ AMZN) opened at $1,254.33 on Tuesday. Amazon.com has a 12 month low of $789.51 and a 12 month high of $1,259.33. The firm has a market capitalization of $604,430.00, a P/E ratio of 316.75, a PEG ratio of 7.22 and a beta of 1.46. The company has a quick ratio of 0.74, a current ratio of 1.03 and a debt-to-equity ratio of 1.00.
In other news, CEO 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 value of $3,248,952.00. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $11,603,400. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Shelley Reynolds sold 544 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $1,126.27, for a total transaction of $612,690.88. The disclosure for this sale can be found here. In 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.
Institutional investors have recently added to or reduced their stakes in the company. Whitnell & Co. increased its stake in Amazon.com by 581.3% in the third quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after acquiring an additional 93 shares during the last quarter. Vestor Capital LLC increased its stake in Amazon.com by 10.1% in the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after acquiring an additional 10 shares during the last quarter. Clear Investment Research LLC increased its stake in Amazon.com by 73,100.0% in the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock valued at $107,000 after acquiring an additional 731 shares during the last quarter. LeJeune Puetz Investment Counsel LLC bought a new position in Amazon.com in the second quarter valued at $116,000. Finally, Mountain Capital Investment Advisors Inc bought a new position in Amazon.com in the second quarter valued at $121,000. 59.78% of the stock is currently owned by hedge funds and other 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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