Piper Jaffray Companies set a $2,225.00 target price on Amazon.com (NASDAQ:AMZN) in a research note released on Tuesday morning, TipRanks reports. The brokerage currently has a buy rating on the e-commerce giant’s stock.
Several other research firms have also commented on AMZN. Barclays raised shares of Amazon.com from an outperform rating to a buy rating in a research report on Monday, July 29th. Oppenheimer set a $2,100.00 price target on shares of Amazon.com and gave the company a buy rating in a research report on Friday, July 26th. William Blair reiterated an outperform rating on shares of Amazon.com in a research note on Friday, July 26th. Wedbush reiterated a buy rating and set a $2,350.00 price objective on shares of Amazon.com in a research note on Monday, July 22nd. Finally, Loop Capital set a $2,380.00 price objective on Amazon.com and gave the company a buy rating in a research note on Monday, July 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and thirty-nine have assigned a buy rating to the company’s stock. Amazon.com presently has an average rating of Buy and an average target price of $2,255.67.
NASDAQ AMZN opened at $1,731.92 on Tuesday. Amazon.com has a 52 week low of $1,307.00 and a 52 week high of $2,035.80. The firm has a market capitalization of $856.71 billion, a P/E ratio of 85.99, a PEG ratio of 2.17 and a beta of 1.54. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average price of $1,774.91 and a 200-day moving average price of $1,847.16.
In other Amazon.com news, Director Indra K. Nooyi purchased 100 shares of the company’s stock in a transaction on Friday, October 4th. The stock was acquired at an average cost of $1,726.06 per share, for a total transaction of $172,606.00. Following the purchase, the director now directly owns 250 shares of the company’s stock, valued at approximately $431,515. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey A. Wilke sold 3,475 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $1,773.99, for a total value of $6,164,615.25. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $17,739,900. The disclosure for this sale can be found here. Insiders sold a total of 22,443 shares of company stock valued at $40,205,835 over the last 90 days. 16.10% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Enterprise Trust & Investment Co bought a new position in shares of Amazon.com during the 2nd quarter valued at approximately $27,000. Phocas Financial Corp. bought a new position in shares of Amazon.com during the 2nd quarter valued at approximately $45,000. Litman Gregory Asset Management LLC bought a new position in shares of Amazon.com during the 2nd quarter valued at approximately $53,000. Cerebellum GP LLC boosted its position in shares of Amazon.com by 18.0% during the 3rd quarter. Cerebellum GP LLC now owns 59 shares of the e-commerce giant’s stock valued at $69,000 after acquiring an additional 9 shares during the last quarter. Finally, Clear Investment Research LLC boosted its position in shares of Amazon.com by 27.6% during the 2nd quarter. Clear Investment Research LLC now owns 37 shares of the e-commerce giant’s stock valued at $70,000 after acquiring an additional 8 shares during the last quarter. Institutional investors and hedge funds own 55.71% 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.
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