Amazon.com (NASDAQ:AMZN) PT Raised to $3,800.00 at DA Davidson

Amazon.com (NASDAQ:AMZN) had its target price lifted by investment analysts at DA Davidson from $2,625.00 to $3,800.00 in a research report issued on Friday, The Fly reports. The brokerage currently has a “buy” rating on the e-commerce giant’s stock. DA Davidson’s target price suggests a potential upside of 20.08% from the stock’s current price.

Several other analysts also recently commented on the stock. Stifel Nicolaus increased their target price on shares of Amazon.com from $3,300.00 to $3,500.00 and gave the company a “buy” rating in a report on Friday. Wells Fargo & Co increased their price objective on shares of Amazon.com from $3,000.00 to $3,600.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. Cowen lifted their target price on shares of Amazon.com from $2,750.00 to $3,700.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Guggenheim upped their target price on Amazon.com from $2,250.00 to $2,700.00 and gave the company a “buy” rating in a report on Friday, May 1st. Finally, Pivotal Research reaffirmed a “buy” rating and set a $2,700.00 price target on shares of Amazon.com in a research report on Friday, June 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, forty-five have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $3,240.51.

Shares of AMZN opened at $3,164.68 on Friday. The firm has a market capitalization of $1,578.47 billion, a P/E ratio of 121.67, a P/E/G ratio of 5.83 and a beta of 1.32. Amazon.com has a 52 week low of $1,626.03 and a 52 week high of $3,344.29. The stock has a 50 day moving average price of $2,884.55 and a two-hundred day moving average price of $2,314.52. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.84 and a current ratio of 1.08.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $8.56. The company had revenue of $88.91 billion for the quarter, compared to analysts’ expectations of $81.56 billion. Amazon.com had a return on equity of 21.51% and a net margin of 4.10%. On average, equities analysts forecast that Amazon.com will post 20.12 earnings per share for the current year.

In related news, Director Patricia Q. Stonesifer sold 2,200 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $2,329.44, for a total value of $5,124,768.00. Following the sale, the director now directly owns 4,645 shares of the company’s stock, valued at $10,820,248.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Indra K. Nooyi bought 27 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were bought at an average price of $2,806.80 per share, with a total value of $75,783.60. Following the completion of the transaction, the director now owns 707 shares of the company’s stock, valued at $1,984,407.60. The disclosure for this purchase can be found here. Company insiders own 16.10% of the company’s stock.

Several institutional investors have recently bought and sold shares of AMZN. Advisor Group Holdings Inc. purchased a new position in Amazon.com in the first quarter worth $294,639,000. Geode Capital Management LLC lifted its stake in Amazon.com by 2.5% during the first quarter. Geode Capital Management LLC now owns 6,048,684 shares of the e-commerce giant’s stock worth $11,768,454,000 after purchasing an additional 147,641 shares during the last quarter. Capital International Investors boosted its holdings in shares of Amazon.com by 7.3% in the 1st quarter. Capital International Investors now owns 4,599,769 shares of the e-commerce giant’s stock worth $8,968,262,000 after purchasing an additional 312,549 shares in the last quarter. Capital Research Global Investors boosted its holdings in shares of Amazon.com by 10.7% in the 1st quarter. Capital Research Global Investors now owns 4,501,995 shares of the e-commerce giant’s stock worth $8,777,634,000 after purchasing an additional 435,331 shares in the last quarter. Finally, Capital World Investors increased its position in shares of Amazon.com by 11.4% during the 1st quarter. Capital World Investors now owns 4,125,258 shares of the e-commerce giant’s stock valued at $8,043,108,000 after purchasing an additional 423,738 shares during the last quarter. Hedge funds and other institutional investors own 64.54% of the company’s stock.

About Amazon.com

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 third-party sellers through physical stores and online stores.

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