Piper Jaffray Companies reaffirmed their overweight rating on shares of Amazon.com (NASDAQ:AMZN) in a research report released on Tuesday morning, MarketBeat Ratings reports. They currently have a $1,400.00 target price on the e-commerce giant’s stock, up from their prior target price of $1,200.00.
A number of other research firms have also recently commented on AMZN. Monness Crespi & Hardt raised shares of Amazon.com from a neutral rating to a buy rating and set a $1,250.00 price objective for the company in a research report on Friday, October 27th. Citigroup reaffirmed a buy rating and set a $1,400.00 price objective (up from $1,250.00) on shares of Amazon.com in a research report on Friday, January 5th. Credit Suisse Group lifted their price objective on shares of Amazon.com from $1,385.00 to $1,410.00 and gave the stock an outperform rating in a research report on Monday, January 8th. Leerink Swann reaffirmed a buy rating on shares of Amazon.com in a research report on Monday, October 30th. Finally, TheStreet raised shares of Amazon.com from a c+ rating to a b- rating in a research report on Tuesday, November 7th. Four analysts have rated the stock with a hold rating and fifty-one have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $1,262.35.
Amazon.com (AMZN) opened at $1,305.20 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00. Amazon.com has a 52-week low of $803.00 and a 52-week high of $1,305.76. The company has a market cap of $615,196.63, a price-to-earnings ratio of 331.27, a price-to-earnings-growth ratio of 7.60 and a beta of 1.46.
In other Amazon.com news, VP Shelley Reynolds sold 544 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,126.27, for a total transaction of $612,690.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew R. Jassy sold 1,985 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,125.38, for a total transaction of $2,233,879.30. The disclosure for this sale can be found here. Insiders sold 402,338 shares of company stock valued at $444,391,701 in the last ninety days. 17.70% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in 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 valued at $26,003,758,000 after purchasing an additional 764,115 shares during the period. BlackRock Inc. increased its position in Amazon.com by 2.4% during the 2nd quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock valued at $23,160,193,000 after purchasing an additional 554,990 shares during the period. Capital Research Global Investors increased its position in 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 valued at $10,368,995,000 after purchasing an additional 40,068 shares during the period. TIAA CREF Investment Management LLC boosted its holdings 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 buying an additional 46,800 shares in the last quarter. Finally, Harbour Capital Advisors LLC boosted its holdings in shares of Amazon.com by 100,947.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock worth $2,379,000 after buying an additional 2,300,593 shares in the last quarter. 59.78% of the stock is owned by institutional investors and hedge funds.
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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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