Vetr cut shares of Amazon.com (NASDAQ:AMZN) from a buy rating to a hold rating in a research report report published on Thursday morning. The firm currently has $1,603.06 target price on the e-commerce giant’s stock.
Several other equities research analysts also recently weighed in on the company. Loop Capital set a $1,545.00 target price on Amazon.com and gave the stock a buy rating in a research report on Wednesday, March 7th. BidaskClub raised Amazon.com from a buy rating to a strong-buy rating in a research report on Saturday, February 24th. Wolfe Research raised Amazon.com from a peer perform rating to an outperform rating in a research report on Friday, February 23rd. MKM Partners reaffirmed a buy rating and issued a $1,750.00 target price (up previously from $1,350.00) on shares of Amazon.com in a research report on Wednesday, February 21st. Finally, Morgan Stanley upped their target price on Amazon.com from $1,400.00 to $1,500.00 and gave the stock an overweight rating in a research report on Friday, February 2nd. Five equities research analysts have rated the stock with a hold rating, forty-seven have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $1,472.95.
Amazon.com (AMZN) opened at $1,578.89 on Thursday. The company has a market capitalization of $764,350.00, a price-to-earnings ratio of 344.74, a P/E/G ratio of 6.95 and a beta of 1.54. Amazon.com has a 12 month low of $833.50 and a 12 month high of $1,578.94. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.04 and a quick ratio of 0.76.
In related news, CEO Jeffrey A. Wilke sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $1,454.37, for a total value of $2,908,740.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jeffrey A. Wilke sold 250 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $1,549.90, for a total value of $387,475.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at $15,499,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,714 shares of company stock worth $8,462,195. 17.70% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Santori & Peters Inc. acquired a new stake in shares of Amazon.com during the 4th quarter worth approximately $121,000. Taylor Hoffman Wealth Management purchased a new stake in shares of Amazon.com during the fourth quarter worth $108,000. Portfolio Solutions LLC purchased a new stake in shares of Amazon.com during the fourth quarter worth $119,000. Endurance Wealth Management Inc. raised its holdings in shares of Amazon.com by 90.9% during the fourth quarter. Endurance Wealth Management Inc. now owns 105 shares of the e-commerce giant’s stock worth $123,000 after acquiring an additional 50 shares in the last quarter. Finally, Oak Point Wealth Management purchased a new stake in shares of Amazon.com during the fourth quarter worth $125,000. Hedge funds and other institutional investors own 59.39% of the company’s stock.
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Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
To view Vetr’s full report, visit Vetr’s official website.
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