Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating restated by equities research analysts at Truist Financial in a research report issued to clients and investors on Friday, TipRanks reports. They presently have a $175.00 price objective on the e-commerce giant’s stock. Truist Financial’s target price points to a potential upside of 64.75% from the stock’s current price.
Several other brokerages also recently weighed in on AMZN. DA Davidson decreased their price target on Amazon.com from $195.00 to $156.25 in a report on Friday, April 29th. Deutsche Bank Aktiengesellschaft reduced their target price on Amazon.com from $205.00 to $175.00 in a report on Friday, April 29th. TheStreet downgraded Amazon.com from a “b” rating to a “c+” rating in a report on Thursday, April 28th. The Goldman Sachs Group reduced their target price on Amazon.com from $185.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, June 9th. Finally, BNP Paribas started coverage on Amazon.com in a report on Tuesday, March 29th. They issued an “underperform” rating and a $140.00 target price for the company. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and thirty-seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $187.67.
Shares of NASDAQ AMZN traded up $2.56 during mid-day trading on Friday, hitting $106.22. 99,401,532 shares of the company were exchanged, compared to its average volume of 91,817,056. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.35. The stock has a 50 day simple moving average of $123.52 and a 200-day simple moving average of $146.73. Amazon.com has a 1-year low of $101.26 and a 1-year high of $188.65. The firm has a market cap of $1.08 trillion, a price-to-earnings ratio of 51.28, a price-to-earnings-growth ratio of 3.16 and a beta of 1.23.
Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The e-commerce giant reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.23). Amazon.com had a return on equity of 21.60% and a net margin of 4.48%. The company had revenue of $116.44 billion for the quarter, compared to analyst estimates of $116.52 billion. During the same period in the prior year, the business earned $0.79 earnings per share. Amazon.com’s revenue for the quarter was up 7.3% compared to the same quarter last year. Analysts anticipate that Amazon.com will post 1.23 earnings per share for the current fiscal year.
In other news, CEO David H. Clark sold 2,270 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total value of $4,924,129.40. Following the completion of the sale, the chief executive officer now directly owns 6,695 shares in the company, valued at approximately $14,522,927.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Adam Selipsky sold 34 shares of the business’s stock in a transaction that occurred on Wednesday, March 30th. The shares were sold at an average price of $3,370.19, for a total value of $114,586.46. The disclosure for this sale can be found here. Insiders have sold a total of 4,837 shares of company stock worth $10,642,923 over the last 90 days. 12.70% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Koshinski Asset Management Inc. grew its stake in Amazon.com by 1.7% during the 4th quarter. Koshinski Asset Management Inc. now owns 4,386 shares of the e-commerce giant’s stock worth $14,624,000 after buying an additional 75 shares during the last quarter. Gilman Hill Asset Management LLC boosted its position in Amazon.com by 10.5% during the 4th quarter. Gilman Hill Asset Management LLC now owns 749 shares of the e-commerce giant’s stock worth $2,497,000 after acquiring an additional 71 shares during the period. Ritholtz Wealth Management boosted its position in Amazon.com by 6.7% during the 4th quarter. Ritholtz Wealth Management now owns 3,635 shares of the e-commerce giant’s stock worth $12,120,000 after acquiring an additional 228 shares during the period. Laffer Tengler Investments boosted its position in Amazon.com by 99.1% during the 3rd quarter. Laffer Tengler Investments now owns 890 shares of the e-commerce giant’s stock worth $2,924,000 after acquiring an additional 443 shares during the period. Finally, Intermede Investment Partners Ltd boosted its position in Amazon.com by 3.0% during the 4th quarter. Intermede Investment Partners Ltd now owns 51,424 shares of the e-commerce giant’s stock worth $171,465,000 after acquiring an additional 1,484 shares during the period. Institutional investors and hedge funds own 72.51% of the company’s stock.
Amazon.com Company Profile (Get Rating)
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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
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Source: defenseworld.net
