Amazon.com, Inc. (NASDAQ:AMZN)’s share price hit a new 52-week high during trading on Monday after UBS Group raised their price target on the stock to $1,760.00. UBS Group currently has a buy rating on the stock. Amazon.com traded as high as $1,601.62 and last traded at $1,602.68, with a volume of 3057166 shares changing hands. The stock had previously closed at $1,578.89.
Other equities analysts also recently issued reports about the company. Vetr upgraded Amazon.com from a “sell” rating to a “hold” rating and set a $1,155.74 price objective on the stock in a research report on Wednesday, November 29th. Wells Fargo & Co restated a “buy” rating on shares of Amazon.com in a research report on Monday, December 4th. Oppenheimer restated a “buy” rating on shares of Amazon.com in a research report on Friday, February 2nd. Macquarie restated a “buy” rating on shares of Amazon.com in a research report on Friday, February 2nd. Finally, Canaccord Genuity restated a “buy” rating and issued a $1,650.00 price objective (up from $1,500.00) on shares of Amazon.com in a research report on Friday, February 2nd. Five investment 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 stock presently has an average rating of “Buy” and a consensus target price of $1,475.28.
In related news, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $1,454.37, for a total value of $2,908,740.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tom A. Alberg sold 670 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $1,500.00, for a total value of $1,005,000.00. Following the completion of the sale, the director now owns 14,159 shares of the company’s stock, valued at approximately $21,238,500. The disclosure for this sale can be found here. Insiders sold 5,714 shares of company stock valued at $8,462,195 in the last quarter. 17.00% of the stock is owned by company insiders.
The company has a debt-to-equity ratio of 0.89, a current ratio of 1.04 and a quick ratio of 0.76. The company has a market capitalization of $768,850.00, a price-to-earnings ratio of 346.76, a price-to-earnings-growth ratio of 6.95 and a beta of 1.54.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.31. The company had revenue of $60.45 billion during the quarter, compared to analyst estimates of $59.85 billion. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. Amazon.com’s revenue was up 38.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.54 earnings per share. equities research analysts predict that Amazon.com, Inc. will post 8.49 earnings per share for the current year.
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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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