Several other analysts have also recently issued reports on AMZN. CIBC increased their target price on Amazon.com from $1,975.00 to $2,085.00 and gave the company an outperform rating in a research report on Monday, April 1st. ValuEngine cut Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Bank of America set a $275.00 target price on SVB Financial Group and gave the company a buy rating in a research report on Friday, April 26th. Benchmark reaffirmed a hold rating on shares of Western Digital in a research report on Friday, April 26th. Finally, Raymond James set a $33.00 target price on LKQ and gave the company a buy rating in a research report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company. Amazon.com has an average rating of Buy and a consensus target price of $2,193.89.
AMZN opened at $2,020.99 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.09 and a quick ratio of 0.83. The stock has a market cap of $990.08 billion, a P/E ratio of 83.97, a P/E/G ratio of 2.29 and a beta of 1.57. The business’s fifty day moving average price is $1,883.87. Amazon.com has a 52 week low of $1,307.00 and a 52 week high of $2,050.50.
In other Amazon.com news, CEO Andrew R. Jassy sold 7,308 shares of Amazon.com stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $2,000.00, for a total transaction of $14,616,000.00. Following the completion of the transaction, the chief executive officer now owns 92,614 shares in the company, valued at approximately $185,228,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shelley Reynolds sold 379 shares of Amazon.com stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $1,838.32, for a total value of $696,723.28. Following the transaction, the vice president now owns 6,307 shares of the company’s stock, valued at approximately $11,594,284.24. The disclosure for this sale can be found here. Insiders have sold a total of 18,993 shares of company stock valued at $36,698,207 in the last quarter. Company insiders own 16.10% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Signet Investment Advisory Group Inc. purchased a new position in shares of Amazon.com in the 4th quarter valued at about $33,000. Spence Asset Management increased its stake in shares of Amazon.com by 127.3% in the 4th quarter. Spence Asset Management now owns 25 shares of the e-commerce giant’s stock valued at $38,000 after purchasing an additional 14 shares in the last quarter. Financial Advantage Inc. purchased a new position in shares of Amazon.com in the 4th quarter valued at about $45,000. Contravisory Investment Management Inc. increased its stake in shares of Amazon.com by 112.5% in the 4th quarter. Contravisory Investment Management Inc. now owns 34 shares of the e-commerce giant’s stock valued at $51,000 after purchasing an additional 18 shares in the last quarter. Finally, O Brien Wealth Partners LLC increased its stake in shares of Amazon.com by 104.8% in the 4th quarter. O Brien Wealth Partners LLC now owns 43 shares of the e-commerce giant’s stock valued at $72,000 after purchasing an additional 22 shares in the last quarter. Institutional investors and hedge funds own 55.49% 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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