Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating restated by analysts at Wells Fargo & Co in a research report issued on Monday. They currently have a $2,100.00 price objective on the e-commerce giant’s stock. Wells Fargo & Co’s price objective indicates a potential upside of 24.38% from the stock’s previous close.
Several other analysts also recently commented on the stock. Loop Capital reaffirmed a “buy” rating on shares of Amazon.com in a research report on Tuesday, November 27th. Barclays reissued a “buy” rating on shares of Amazon.com in a research report on Wednesday, November 21st. Jefferies Financial Group reissued a “buy” rating on shares of Amazon.com in a research report on Tuesday, November 20th. Zacks Investment Research reissued a “buy” rating and issued a $1,714.00 price target on shares of Amazon.com in a research report on Monday, November 12th. Finally, BidaskClub raised shares of Amazon.com from a “sell” rating to a “hold” rating in a research report on Saturday, November 10th. Three research analysts have rated the stock with a hold rating and forty-eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $2,096.01.
Amazon.com stock traded down $83.94 during mid-day trading on Monday, hitting $1,688.42. 5,054,581 shares of the stock were exchanged, compared to its average volume of 6,209,642. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.80 and a current ratio of 1.08. Amazon.com has a 12 month low of $1,124.74 and a 12 month high of $2,050.50. The firm has a market cap of $826.44 billion, a price-to-earnings ratio of 371.08, a PEG ratio of 3.21 and a beta of 1.70.
In related news, CEO Jeffrey A. Wilke sold 1,230 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $1,506.94, for a total transaction of $1,853,536.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 1,726 shares of the firm’s stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $1,566.69, for a total value of $2,704,106.94. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,842 shares of company stock worth $46,521,741. Insiders own 16.30% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Marcus Capital LLC grew its position in shares of Amazon.com by 2.4% in the second quarter. Marcus Capital LLC now owns 1,171 shares of the e-commerce giant’s stock valued at $1,990,000 after purchasing an additional 27 shares in the last quarter. Winthrop Advisory Group LLC grew its stake in Amazon.com by 3.8% during the 2nd quarter. Winthrop Advisory Group LLC now owns 744 shares of the e-commerce giant’s stock worth $1,265,000 after buying an additional 27 shares during the last quarter. AMI Investment Management Inc. raised its holdings in shares of Amazon.com by 17.6% during the second quarter. AMI Investment Management Inc. now owns 180 shares of the e-commerce giant’s stock valued at $306,000 after acquiring an additional 27 shares during the last quarter. BKD Wealth Advisors LLC boosted its position in shares of Amazon.com by 3.1% during the second quarter. BKD Wealth Advisors LLC now owns 943 shares of the e-commerce giant’s stock worth $1,603,000 after buying an additional 28 shares during the period. Finally, Park National Corp OH boosted its position in shares of Amazon.com by 2.8% during the third quarter. Park National Corp OH now owns 1,042 shares of the e-commerce giant’s stock worth $2,088,000 after buying an additional 28 shares during the period. 55.64% of the stock is owned by hedge funds and other institutional investors.
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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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