JMP Securities reissued their outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a research report released on Tuesday, December 19th, The Fly reports. JMP Securities currently has a $1,350.00 price target on the e-commerce giant’s stock, up from their previous price target of $1,240.00.
A number of other research firms have also issued reports on AMZN. Goldman Sachs Group reissued a buy rating and issued a $1,450.00 price target (up from $1,300.00) on shares of Amazon.com in a research report on Tuesday, November 28th. DA Davidson raised their price objective on shares of Amazon.com from $1,300.00 to $1,500.00 and gave the company a buy rating in a research report on Wednesday, November 29th. Vetr lowered shares of Amazon.com from a hold rating to a sell rating and set a $1,129.92 price objective on the stock. in a research report on Monday, November 27th. JPMorgan Chase & Co. reaffirmed an overweight rating and set a $1,375.00 price objective (up previously from $1,220.00) on shares of Amazon.com in a research report on Monday, December 18th. Finally, Wells Fargo & Co lifted their price target on shares of Amazon.com to $1,525.00 and gave the company an outperform rating in a research report on Friday, December 1st. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and fifty-one have given a buy rating to the company. Amazon.com currently has a consensus rating of Buy and an average price target of $1,259.52.
Amazon.com (NASDAQ AMZN) traded up $22.35 during trading hours on Tuesday, hitting $1,276.68. 3,095,200 shares of the stock traded hands, compared to its average volume of 3,300,000. Amazon.com has a one year low of $789.51 and a one year high of $1,276.77. The company has a market cap of $615,200.00, a price-to-earnings ratio of 322.39, a price-to-earnings-growth ratio of 7.22 and a beta of 1.46. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03.
In other news, CEO Jeffrey P. Bezos sold 391,110 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the completion of the transaction, the chief executive officer now directly owns 79,891,433 shares in the company, valued at approximately $88,162,593,058.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Shelley Reynolds sold 544 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,126.27, for a total value of $612,690.88. The disclosure for this sale can be found here. Insiders have sold a total of 402,338 shares of company stock valued at $444,391,701 over the last three months. Company insiders own 17.00% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Rockland Trust Co. acquired a new position in Amazon.com during the 4th quarter worth approximately $2,196,000. Kistler Tiffany Companies LLC boosted its position in Amazon.com by 15.2% during the 4th quarter. Kistler Tiffany Companies LLC now owns 486 shares of the e-commerce giant’s stock worth $568,000 after acquiring an additional 64 shares during the last quarter. Country Trust Bank boosted its position in Amazon.com by 6.1% during the 4th quarter. Country Trust Bank now owns 25,014 shares of the e-commerce giant’s stock worth $29,253,000 after acquiring an additional 1,447 shares during the last quarter. Trust Co boosted its position in Amazon.com by 13.9% during the 3rd quarter. Trust Co now owns 1,392 shares of the e-commerce giant’s stock worth $1,338,000 after acquiring an additional 170 shares during the last quarter. Finally, Triangle Securities Wealth Management acquired a new position in Amazon.com during the 4th quarter worth approximately $206,000. Institutional investors and hedge funds own 59.78% of the company’s stock.
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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