Shares of Amazon.com, Inc. (NASDAQ:AMZN) have been given a consensus recommendation of “Moderate Buy” by the forty-one analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and thirty-nine have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $144.56.
Several brokerages have issued reports on AMZN. StockNews.com initiated coverage on shares of Amazon.com in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Wells Fargo & Company initiated coverage on shares of Amazon.com in a report on Wednesday, June 7th. They issued an “overweight” rating and a $159.00 price objective for the company. JMP Securities reaffirmed a “market outperform” rating and set a $140.00 price target on shares of Amazon.com in a report on Tuesday, July 18th. Robert W. Baird upped their price target on shares of Amazon.com from $130.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, July 14th. Finally, Mizuho upped their price objective on shares of Amazon.com from $135.00 to $145.00 in a research report on Friday, April 28th.
Amazon.com Trading Down 1.5 %
Shares of NASDAQ AMZN opened at $131.69 on Wednesday. The stock has a market cap of $1.35 trillion, a price-to-earnings ratio of 313.55, a P/E/G ratio of 2.52 and a beta of 1.26. Amazon.com has a twelve month low of $81.43 and a twelve month high of $146.57. The company’s fifty day moving average is $127.44 and its 200-day moving average is $110.46. The company has a quick ratio of 0.69, a current ratio of 0.92 and a debt-to-equity ratio of 0.43.
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In other Amazon.com news, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $104.34, for a total transaction of $54,256.80. Following the transaction, the chief executive officer now owns 135,760 shares of the company’s stock, valued at $14,165,198.40. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $115.60, for a total value of $358,360.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $13,846,568. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 520 shares of the business’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $104.34, for a total value of $54,256.80. Following the completion of the transaction, the chief executive officer now directly owns 135,760 shares of the company’s stock, valued at $14,165,198.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,825 shares of company stock valued at $8,126,865. Corporate insiders own 12.70% of the company’s stock.
Hedge Funds Weigh In On Amazon.com
Several institutional investors have recently added to or reduced their stakes in the business. Chesapeake Wealth Management boosted its holdings in Amazon.com by 9.0% in the second quarter. Chesapeake Wealth Management now owns 24,728 shares of the e-commerce giant’s stock valued at $3,224,000 after purchasing an additional 2,037 shares during the last quarter. Community Bank N.A. increased its position in Amazon.com by 1.4% in the 2nd quarter. Community Bank N.A. now owns 31,597 shares of the e-commerce giant’s stock valued at $4,119,000 after acquiring an additional 450 shares during the period. Tanglewood Legacy Advisors LLC increased its position in Amazon.com by 110.7% in the 2nd quarter. Tanglewood Legacy Advisors LLC now owns 1,180 shares of the e-commerce giant’s stock valued at $154,000 after acquiring an additional 620 shares during the period. Jackson Grant Investment Advisers Inc. boosted its stake in Amazon.com by 6.5% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 2,513 shares of the e-commerce giant’s stock valued at $328,000 after purchasing an additional 153 shares in the last quarter. Finally, Boston Research & Management Inc. boosted its stake in Amazon.com by 2.2% during the 2nd quarter. Boston Research & Management Inc. now owns 34,296 shares of the e-commerce giant’s stock valued at $4,470,000 after purchasing an additional 725 shares in the last quarter. 56.67% of the stock is currently owned by institutional investors and hedge funds.
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company’s products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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