Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating restated by investment analysts at Jefferies Group in a note issued to investors on Tuesday, Marketbeat reports. They presently have a $1,850.00 price objective on the e-commerce giant’s stock. Jefferies Group’s price objective would suggest a potential upside of 16.92% from the stock’s previous close. Jefferies Group also issued estimates for Amazon.com’s Q2 2018 earnings at $1.42 EPS, Q3 2018 earnings at $1.05 EPS, Q4 2018 earnings at $4.39 EPS and FY2019 earnings at $15.62 EPS.
Several other analysts have also recently commented on AMZN. Deutsche Bank restated a “buy” rating on shares of Amazon.com in a report on Monday. UBS Group raised their price target on shares of Amazon.com to $1,760.00 and gave the stock a “buy” rating in a report on Friday, March 9th. They noted that the move was a valuation call. Vetr cut shares of Amazon.com from a “buy” rating to a “hold” rating and set a $1,603.06 price target for the company. in a report on Thursday, March 8th. Loop Capital set a $1,545.00 price target on shares of Amazon.com and gave the stock a “buy” rating in a report on Wednesday, March 7th. Finally, BidaskClub upgraded shares of Amazon.com from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 24th. Four investment analysts have rated the stock with a hold rating, forty-eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $1,477.78.
Amazon.com (NASDAQ:AMZN) opened at $1,582.32 on Tuesday. Amazon.com has a fifty-two week low of $833.50 and a fifty-two week high of $1,617.54. The company has a market cap of $770,214.56, a PE ratio of 257.29, a price-to-earnings-growth ratio of 7.00 and a beta of 1.54. The company has a quick ratio of 0.76, a current ratio of 1.04 and a debt-to-equity ratio of 0.89.
In other Amazon.com news, VP Shelley Reynolds sold 544 shares of Amazon.com stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $1,462.32, for a total transaction of $795,502.08. Following the sale, the vice president now owns 6,533 shares in the company, valued at $9,553,336.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tom A. Alberg sold 670 shares of Amazon.com stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $1,500.00, for a total transaction of $1,005,000.00. Following the sale, the director now owns 14,159 shares in the company, valued at approximately $21,238,500. The disclosure for this sale can be found here. Insiders have sold 5,714 shares of company stock worth $8,462,195 in the last quarter. Corporate insiders own 17.70% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Whitnell & Co. boosted its stake in shares of Amazon.com by 581.3% in the 3rd quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after purchasing an additional 93 shares in the last quarter. Vestor Capital LLC boosted its stake in shares of Amazon.com by 10.1% in the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after purchasing an additional 10 shares in the last quarter. Taylor Hoffman Wealth Management acquired a new stake in shares of Amazon.com in the 4th quarter valued at $108,000. Portfolio Solutions LLC acquired a new stake in shares of Amazon.com in the 4th quarter valued at $119,000. Finally, Mountain Capital Investment Advisors Inc acquired a new stake in shares of Amazon.com in the 2nd quarter valued at $121,000. Hedge funds and other institutional investors own 60.22% 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.
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