Amazon.com (AMZN) Raised to Hold at Vetr
Vetr upgraded shares of Amazon.com (NASDAQ:AMZN) from a sell rating to a hold rating in a research report sent to investors on Wednesday. The firm currently has $1,155.74 target price on the e-commerce giant’s stock.
A number of other research firms also recently weighed in on AMZN. Goldman Sachs Group restated a buy rating and issued a $1,450.00 target price (up from $1,300.00) on shares of Amazon.com in a research report on Tuesday. DA Davidson upped their target price on Amazon.com from $1,300.00 to $1,500.00 and gave the stock a buy rating in a research report on Wednesday. Loop Capital set a $1,300.00 price objective on Amazon.com and gave the company a buy rating in a research report on Monday, November 13th. TheStreet upgraded Amazon.com from a c+ rating to a b- rating in a research report on Tuesday, November 7th. Finally, Citigroup reiterated a buy rating on shares of Amazon.com in a research report on Sunday, November 19th. Five investment analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $1,207.37.
Amazon.com (NASDAQ:AMZN) traded down $14.40 on Wednesday, reaching $1,162.35. The company’s stock had a trading volume of 4,070,722 shares, compared to its average volume of 3,486,237. The firm has a market capitalization of $567,043.13, a P/E ratio of 298.67, a price-to-earnings-growth ratio of 14.74 and a beta of 1.47. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.03 and a quick ratio of 0.74. Amazon.com has a 12-month low of $736.70 and a 12-month high of $1,213.41.
In other news, Director Tom A. Alberg sold 835 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $1,202.74, for a total value of $1,004,287.90. Following the transaction, the director now directly owns 17,114 shares of the company’s stock, valued at $20,583,692.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey P. Bezos sold 391,110 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the completion of the transaction, the chief executive officer now directly owns 79,891,433 shares in the company, valued at $88,162,593,058.49. The disclosure for this sale can be found here. Insiders sold 399,538 shares of company stock worth $441,142,749 over the last ninety days. 17.70% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of AMZN. Vanguard Group Inc. increased its position in Amazon.com by 2.9% during the second quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock worth $26,003,758,000 after buying an additional 764,115 shares during the last quarter. BlackRock Inc. increased its position in Amazon.com by 2.4% during the second quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock worth $23,160,193,000 after buying an additional 554,990 shares during the last quarter. State Street Corp increased its position in Amazon.com by 1.1% during the first quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock worth $14,667,392,000 after buying an additional 186,756 shares during the last quarter. Capital Research Global Investors increased its position in Amazon.com by 0.4% during the second quarter. Capital Research Global Investors now owns 10,711,772 shares of the e-commerce giant’s stock worth $10,368,995,000 after buying an additional 40,068 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in Amazon.com by 1.7% during the second quarter. TIAA CREF Investment Management LLC now owns 2,828,302 shares of the e-commerce giant’s stock worth $2,737,796,000 after buying an additional 46,800 shares during the last quarter. 59.70% of the stock is currently owned by institutional investors and hedge funds.
Amazon.com Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.
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