Amazon.com Inc. (AMZN) Price Target Increased to $1,000.00 by Analysts at JPMorgan Chase & Co.
Amazon.com Inc. (NASDAQ:AMZN) had its price objective hoisted by JPMorgan Chase & Co. from $925.00 to $1,000.00 in a research report report published on Tuesday. They currently have an overweight rating on the e-commerce giant’s stock.
AMZN has been the topic of a number of other research reports. Jefferies Group reaffirmed a buy rating and set a $865.00 target price on shares of Amazon.com in a research note on Monday, June 27th. Zacks Investment Research raised shares of Amazon.com from a hold rating to a buy rating and set a $774.00 price target for the company in a research report on Tuesday, June 28th. Royal Bank Of Canada lowered their price target on shares of Amazon.com from $1,000.00 to $840.00 and set an outperform rating for the company in a research report on Friday, September 16th. William Blair started coverage on shares of Amazon.com in a research report on Friday, June 10th. They set an outperform rating for the company. Finally, Evercore ISI reissued a buy rating on shares of Amazon.com in a research report on Monday, July 18th. Five research analysts have rated the stock with a hold rating and forty-six have given a buy rating to the stock. Amazon.com currently has an average rating of Buy and a consensus price target of $878.06.
Amazon.com (NASDAQ:AMZN) traded up 0.6661% during trading on Tuesday, reaching $821.5461. 1,892,084 shares of the company traded hands. Amazon.com has a 12-month low of $474.00 and a 12-month high of $825.24. The firm has a market capitalization of $389.47 billion, a price-to-earnings ratio of 204.3139 and a beta of 1.11. The firm’s 50 day moving average price is $773.95 and its 200 day moving average price is $704.76.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.67. The firm had revenue of $30.40 billion for the quarter, compared to analyst estimates of $29.54 billion. Amazon.com had a net margin of 1.60% and a return on equity of 13.52%. The company’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.19 EPS. Equities research analysts expect that Amazon.com will post $5.81 earnings per share for the current year.
In other Amazon.com news, insider Jeffrey M. Blackburn sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $760.98, for a total value of $7,609,800.00. Following the completion of the sale, the insider now owns 55,887 shares in the company, valued at $42,528,889.26. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Andrew R. Jassy sold 14,000 shares of the business’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $800.00, for a total value of $11,200,000.00. Following the completion of the sale, the chief executive officer now owns 68,141 shares of the company’s stock, valued at approximately $54,512,800. The disclosure for this sale can be found here. 17.70% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. BLB&B Advisors LLC boosted its stake in shares of Amazon.com by 1.6% in the first quarter. BLB&B Advisors LLC now owns 1,244 shares of the e-commerce giant’s stock worth $738,000 after buying an additional 19 shares in the last quarter. Vontobel Asset Management Inc. boosted its stake in shares of Amazon.com by 147.9% in the first quarter. Vontobel Asset Management Inc. now owns 399,841 shares of the e-commerce giant’s stock worth $245,905,000 after buying an additional 238,522 shares in the last quarter. Davis R M Inc. boosted its stake in shares of Amazon.com by 1.5% in the first quarter. Davis R M Inc. now owns 1,714 shares of the e-commerce giant’s stock worth $1,017,000 after buying an additional 25 shares in the last quarter. Laurel Grove Capital LLC boosted its stake in shares of Amazon.com by 6.2% in the first quarter. Laurel Grove Capital LLC now owns 5,700 shares of the e-commerce giant’s stock worth $3,384,000 after buying an additional 335 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Amazon.com during the first quarter worth $297,000. Institutional investors own 65.44% of the company’s stock.
Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).
Receive News & Stock Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related stocks with our FREE daily email newsletter.