Brokerages Set Amazon.com, Inc. (AMZN) Price Target at $1,156.61

Shares of Amazon.com, Inc. (NASDAQ:AMZN) have been assigned an average recommendation of “Buy” from the fifty-six analysts that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating and forty-nine have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $1,162.78.

A number of brokerages have recently weighed in on AMZN. Leerink Swann reissued a “buy” rating on shares of Amazon.com in a research note on Monday, October 30th. Zacks Investment Research raised shares of Amazon.com from a “sell” rating to a “hold” rating and set a $1,244.00 price objective for the company in a research note on Monday, October 30th. Stifel Nicolaus reissued a “buy” rating on shares of Amazon.com in a research note on Monday, October 30th. Cantor Fitzgerald reissued a “buy” rating on shares of Amazon.com in a research note on Monday, October 30th. Finally, Vetr cut shares of Amazon.com from a “buy” rating to a “hold” rating and set a $1,079.96 price objective for the company. in a research note on Monday, October 30th.

Shares of Amazon.com (NASDAQ:AMZN) traded up $7.92 on Wednesday, hitting $1,111.60. 3,685,172 shares of the stock were exchanged, compared to its average volume of 3,680,000. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03. Amazon.com has a fifty-two week low of $710.10 and a fifty-two week high of $1,122.79. The stock has a market cap of $535.65 billion, a PE ratio of 277.72, a price-to-earnings-growth ratio of 13.83 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.57). Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The business had revenue of $43.74 billion for the quarter, compared to analysts’ expectations of $42.26 billion. During the same period last year, the business earned $0.52 earnings per share. The company’s revenue for the quarter was up 33.7% on a year-over-year basis. equities analysts expect that Amazon.com will post 4.2 earnings per share for the current year.

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In other news, CEO Jeffrey A. Wilke sold 710 shares of the stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $981.74, for a total transaction of $697,035.40. Following the transaction, the chief executive officer now owns 15,312 shares in the company, valued at approximately $15,032,402.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 544 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $986.52, for a total transaction of $536,666.88. Following the transaction, the vice president now owns 6,533 shares in the company, valued at approximately $6,444,935.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 399,483 shares of company stock worth $439,775,421. 17.70% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Amazon.com by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock worth $26,003,758,000 after purchasing an additional 764,115 shares during the last quarter. BlackRock Inc. increased its stake in shares of Amazon.com by 2.4% during the 2nd quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock worth $23,160,193,000 after purchasing an additional 554,990 shares during the last quarter. State Street Corp increased its stake in shares of Amazon.com by 1.1% during the 1st quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock worth $14,667,392,000 after purchasing an additional 186,756 shares during the last quarter. Capital Research Global Investors increased its stake in shares of Amazon.com by 0.4% during the 2nd quarter. Capital Research Global Investors now owns 10,711,772 shares of the e-commerce giant’s stock worth $10,368,995,000 after purchasing an additional 40,068 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in shares of Amazon.com by 1.7% during the 2nd 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 purchasing an additional 46,800 shares during the last quarter. Institutional investors own 60.77% of the company’s stock.

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.

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