Monness Crespi & Hardt Analysts Give Amazon.com (NASDAQ:AMZN) a $2,300.00 Price Target
Monness Crespi & Hardt set a $2,300.00 target price on Amazon.com (NASDAQ:AMZN) in a research note issued to investors on Friday, TipRanks reports. The brokerage currently has a buy rating on the e-commerce giant’s stock.
Other research analysts also recently issued research reports about the stock. KeyCorp reissued an overweight rating and issued a $2,200.00 target price (up previously from $2,100.00) on shares of Amazon.com in a research note on Monday, July 22nd. Raymond James set a $2,080.00 target price on shares of Amazon.com and gave the company an outperform rating in a research note on Friday, July 26th. Mizuho reissued a buy rating and issued a $2,200.00 target price (up previously from $2,080.00) on shares of Amazon.com in a research note on Friday, July 26th. Wolfe Research assumed coverage on shares of Amazon.com in a research note on Tuesday, October 8th. They issued an outperform rating and a $2,234.00 target price for the company. Finally, Loop Capital set a $2,380.00 target price on shares of Amazon.com and gave the company a buy rating in a research note on Monday, July 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and thirty-nine have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $2,242.82.
Shares of AMZN stock opened at $1,785.67 on Friday. The firm has a 50-day moving average price of $1,773.34 and a 200 day moving average price of $1,846.01. Amazon.com has a twelve month low of $1,307.00 and a twelve month high of $2,035.80. The company has a market capitalization of $883.29 billion, a price-to-earnings ratio of 88.66, a PEG ratio of 2.31 and a beta of 1.54. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.44.
In other news, VP Shelley Reynolds sold 379 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $1,775.43, for a total transaction of $672,887.97. Following the completion of the sale, the vice president now owns 6,307 shares in the company, valued at approximately $11,197,637.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Indra K. Nooyi bought 100 shares of the firm’s stock in a transaction dated Friday, October 4th. The shares were purchased at an average price of $1,726.06 per share, with a total value of $172,606.00. Following the acquisition, the director now directly owns 250 shares in the company, valued at approximately $431,515. The disclosure for this purchase can be found here. Insiders sold a total of 22,443 shares of company stock valued at $40,205,835 in the last 90 days. 16.10% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Amazon.com by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 31,312,832 shares of the e-commerce giant’s stock worth $59,294,918,000 after purchasing an additional 387,740 shares during the period. BlackRock Inc. grew its holdings in shares of Amazon.com by 1.6% during the 2nd quarter. BlackRock Inc. now owns 26,082,028 shares of the e-commerce giant’s stock worth $49,389,711,000 after purchasing an additional 415,448 shares during the period. Thoroughbred Financial Services LLC grew its holdings in shares of Amazon.com by 191,406.0% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 9,307,191 shares of the e-commerce giant’s stock worth $930,719,000 after purchasing an additional 9,302,331 shares during the period. Northern Trust Corp lifted its position in Amazon.com by 1.2% during the 2nd quarter. Northern Trust Corp now owns 4,997,392 shares of the e-commerce giant’s stock worth $9,463,210,000 after acquiring an additional 57,712 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its position in Amazon.com by 0.9% during the 2nd quarter. Baillie Gifford & Co. now owns 4,449,842 shares of the e-commerce giant’s stock worth $8,426,354,000 after acquiring an additional 41,699 shares in the last quarter. Institutional investors and hedge funds own 55.73% of the company’s stock.
Amazon.com Company Profile
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.
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.