Amazon.com (NASDAQ:AMZN) had its target price boosted by research analysts at Morgan Stanley from $4,000.00 to $4,200.00 in a report issued on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the e-commerce giant’s stock. Morgan Stanley’s price objective would suggest a potential upside of 30.04% from the company’s previous close.
Several other research firms have also issued reports on AMZN. Raymond James decreased their target price on Amazon.com from $3,900.00 to $3,840.00 and set an “outperform” rating for the company in a research report on Friday, October 29th. The Goldman Sachs Group reduced their price target on Amazon.com from $4,250.00 to $4,100.00 and set a “buy” rating for the company in a research report on Friday, October 29th. JPMorgan Chase & Co. upped their price objective on Amazon.com from $4,100.00 to $4,350.00 and gave the stock an “overweight” rating in a research note on Friday, October 29th. Mizuho dropped their price objective on Amazon.com from $4,100.00 to $3,950.00 and set a “buy” rating on the stock in a research note on Friday, October 29th. Finally, Tigress Financial increased their price target on Amazon.com from $4,370.00 to $4,460.00 and gave the company a “buy” rating in a research note on Wednesday, November 10th. One analyst has rated the stock with a hold rating and forty have issued a buy rating to the stock. According to MarketBeat, Amazon.com has a consensus rating of “Buy” and an average price target of $4,179.32.
Shares of AMZN opened at $3,229.72 on Tuesday. Amazon.com has a 52-week low of $2,881.00 and a 52-week high of $3,773.08. The company has a quick ratio of 0.87, a current ratio of 1.12 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average price of $3,450.49 and a 200 day moving average price of $3,432.22. The firm has a market capitalization of $1.64 trillion, a PE ratio of 63.18, a P/E/G ratio of 2.57 and a beta of 1.10.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Wednesday, October 27th. The e-commerce giant reported $6.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.10 by ($2.98). The company had revenue of $110.81 billion during the quarter, compared to analysts’ expectations of $111.66 billion. Amazon.com had a return on equity of 24.31% and a net margin of 5.73%. Amazon.com’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period last year, the company earned $12.37 earnings per share. On average, equities analysts expect that Amazon.com will post 40.79 EPS for the current year.
In other Amazon.com news, CEO Adam Selipsky sold 34 shares of Amazon.com stock in a transaction on Thursday, December 2nd. The shares were sold at an average price of $3,460.00, for a total value of $117,640.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jeffrey P. Bezos sold 50,034 shares of Amazon.com stock in a transaction dated Tuesday, November 2nd. The shares were sold at an average price of $3,319.45, for a total transaction of $166,085,361.30. The disclosure for this sale can be found here. Insiders sold a total of 86,314 shares of company stock worth $292,824,570 over the last 90 days. Company insiders own 14.00% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Vantage Financial Partners Ltd. Inc. grew its stake in Amazon.com by 5.6% during the third quarter. Vantage Financial Partners Ltd. Inc. now owns 756 shares of the e-commerce giant’s stock worth $2,483,000 after buying an additional 40 shares during the period. Summit Asset Management LLC boosted its stake in Amazon.com by 19.4% during the 3rd quarter. Summit Asset Management LLC now owns 929 shares of the e-commerce giant’s stock valued at $3,052,000 after acquiring an additional 151 shares during the last quarter. Fairview Capital Investment Management LLC raised its holdings in shares of Amazon.com by 35.3% during the second quarter. Fairview Capital Investment Management LLC now owns 2,501 shares of the e-commerce giant’s stock worth $8,603,000 after purchasing an additional 652 shares during the period. Tsfg LLC raised its holdings in shares of Amazon.com by 2.6% during the third quarter. Tsfg LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,937,000 after purchasing an additional 68 shares during the period. Finally, Monterey Private Wealth Inc. increased its holdings in shares of Amazon.com by 12.0% in the 2nd quarter. Monterey Private Wealth Inc. now owns 428 shares of the e-commerce giant’s stock worth $1,472,000 after acquiring an additional 46 shares during the period. 57.48% of the stock is owned by institutional investors and hedge funds.
About Amazon.com
Amazon.com, Inc engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca.