Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating reissued by equities research analysts at Morgan Stanley in a research report issued on Friday. They currently have a $1,250.00 target price on the e-commerce giant’s stock. Morgan Stanley’s target price indicates a potential upside of 7.54% from the stock’s current price.
Several other brokerages have also issued reports on AMZN. Goldman Sachs Group reissued a “buy” rating and issued a $1,450.00 target price (up previously from $1,300.00) on shares of Amazon.com in a research report on Tuesday, November 28th. DA Davidson increased 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, November 29th. Vetr lowered Amazon.com from a “hold” rating to a “sell” rating and set a $1,129.92 target price for the company. in a research report on Monday, November 27th. Wells Fargo & Company increased their target price on Amazon.com to $1,525.00 and gave the stock an “outperform” rating in a research report on Friday. They noted that the move was a valuation call. Finally, MKM Partners increased their target price on Amazon.com from $1,275.00 to $1,350.00 and gave the stock a “buy” rating in a research report on Friday. Five analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the company’s stock. Amazon.com has a consensus rating of “Buy” and a consensus price target of $1,209.59.
Amazon.com (AMZN) traded down $14.40 during midday trading on Friday, reaching $1,162.35. The company’s stock had a trading volume of 4,107,000 shares, compared to its average volume of 3,574,494. Amazon.com has a 1-year low of $736.70 and a 1-year high of $1,213.41. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00. The stock has a market cap of $560,104.13, a PE ratio of 295.01, a P/E/G ratio of 14.56 and a beta of 1.47.
In related news, CEO Jeffrey P. Bezos sold 391,110 shares of Amazon.com 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 transaction, the chief executive officer now directly owns 79,891,433 shares in the company, valued at $88,162,593,058.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tom A. Alberg sold 835 shares of Amazon.com 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 owns 17,114 shares in the company, valued at $20,583,692.36. The disclosure for this sale can be found here. Insiders have sold 399,538 shares of company stock worth $441,142,749 over the last quarter. 17.00% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Whitnell & Co. raised its holdings in Amazon.com by 581.3% during the third quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after acquiring an additional 93 shares during the period. Vestor Capital LLC raised its holdings in Amazon.com by 10.1% during the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after acquiring an additional 10 shares during the period. Clear Investment Research LLC raised its holdings in Amazon.com by 73,100.0% during the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock valued at $107,000 after acquiring an additional 731 shares during the period. WealthTrust Arizona LLC raised its holdings in Amazon.com by 2.7% during the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after acquiring an additional 3 shares during the period. Finally, LeJeune Puetz Investment Counsel LLC bought a new stake in Amazon.com during the second quarter valued at about $116,000. Institutional investors own 59.79% of the company’s stock.
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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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