Amazon.com (NASDAQ:AMZN) had its price objective hoisted by Evercore ISI from $150.00 to $160.00 in a research note released on Friday, The Fly reports. Evercore ISI currently has an outperform rating on the e-commerce giant's stock.
Several other equities research analysts have also issued reports on the company. The Goldman Sachs Group lowered their price objective on Amazon.com from $165.00 to $145.00 and set a buy rating for the company in a research note on Friday, January 13th. Jefferies Financial Group decreased their price target on Amazon.com from $165.00 to $135.00 and set a buy rating for the company in a research note on Friday, October 28th. Wedbush decreased their price target on Amazon.com from $140.00 to $125.00 and set an outperform rating for the company in a research note on Friday. Sanford C. Bernstein decreased their price target on Amazon.com from $150.00 to $125.00 and set an outperform rating for the company in a research note on Friday, October 28th. Finally, Wells Fargo & Company decreased their price target on Amazon.com from $155.00 to $145.00 in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of Moderate Buy and a consensus target price of $146.22.
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Amazon.com Stock Performance
NASDAQ AMZN opened at $103.39 on Friday. The stock has a market capitalization of $1.05 trillion, a PE ratio of 94.90, a P/E/G ratio of 3.69 and a beta of 1.22. Amazon.com has a 1-year low of $81.43 and a 1-year high of $170.83. The business has a 50 day simple moving average of $91.86 and a two-hundred day simple moving average of $109.58. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68.
Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.12). The company had revenue of $149.20 billion during the quarter, compared to the consensus estimate of $145.72 billion. Amazon.com had a net
margin of 2.25% and a return on equity of 14.44%. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.39 earnings per share. On average, research analysts predict that Amazon.com will post 0.67 EPS for the current fiscal year.
Insider Buying and Selling
In other Amazon.com news, CEO Douglas J. Herrington sold 7,456 shares of the business's stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $700,864.00. Following the sale, the chief executive officer now owns 533,435 shares in the company, valued at approximately $50,142,890. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 7,456 shares of the business's stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $700,864.00. Following the sale, the chief executive officer now owns 533,435 shares in the company, valued at approximately $50,142,890. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 15,787 shares of the business's stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $103.10, for a total value of $1,627,639.70. Following the sale, the chief executive officer now owns 522,251 shares in the company, valued at approximately $53,844,078.10. The disclosure for this sale can be found here. Insiders have sold a total of 52,083 shares of company stock worth $5,042,388 in the last ninety days. 12.70% of the stock is owned by insiders.
Institutional Trading of Amazon.com
Large investors have recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Amazon.com by 1,869.1% in the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant's stock valued at $34,701,726,000 after buying an additional 310,134,486 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Amazon.com by 1,838.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant's stock valued at $33,134,481,000 after buying an additional 295,880,050 shares during the period. FMR LLC lifted its holdings in shares of Amazon.com by 1,792.4% in the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant's stock valued at $30,381,089,000 after buying an additional 270,931,640 shares during the period. Northern Trust Corp lifted its holdings in shares of Amazon.com by 1,867.0% in the 2nd quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant's stock valued at $10,089,669,000 after buying an additional 90,167,792 shares during the period. Finally, Legal & General Group Plc lifted its holdings in shares of Amazon.com by 1,944.4% in the 2nd quarter. Legal & General Group Plc now owns 59,977,393 shares of the e-commerce giant's stock valued at $6,370,223,000 after buying an additional 57,043,701 shares during the period. Hedge funds and other institutional investors own 57.64% of the company's stock.
Amazon.com Company Profile
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Amazon.com, Inc is a multinational technology company, which 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 American-focused websites such as and .
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