Amazon.com Inc. (NASDAQ:AMZN) had its price objective hoisted by stock analysts at SunTrust Banks Inc. from $800.00 to $850.00 in a research note issued on Wednesday. The brokerage currently has a “neutral” rating on the e-commerce giant’s stock. SunTrust Banks Inc.’s price target points to a potential upside of 1.91% from the stock’s previous close.
AMZN has been the subject of a number of other research reports. Goldman Sachs Group Inc. reiterated a “buy” rating and set a $920.00 price objective on shares of Amazon.com in a research report on Thursday, September 8th. Mizuho upped their price target on Amazon.com from $855.00 to $950.00 and gave the stock a “buy” rating in a research report on Friday, September 23rd. Evercore ISI restated a “buy” rating and issued a $1,015.00 price target (up previously from $930.00) on shares of Amazon.com in a research report on Friday, September 16th. Piper Jaffray Cos. restated an “overweight” rating and issued a $900.00 price target on shares of Amazon.com in a research report on Wednesday, September 7th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a $925.00 price target on shares of Amazon.com in a research report on Friday, September 9th. Seven investment analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company’s stock. Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $889.55.
Amazon.com (NASDAQ:AMZN) traded up 0.5033% on Wednesday, hitting $838.2277. The stock had a trading volume of 432,477 shares. The stock has a market capitalization of $397.38 billion, a price-to-earnings ratio of 208.4625 and a beta of 1.20. Amazon.com has a 1-year low of $474.00 and a 1-year high of $842.37. The company has a 50-day moving average price of $783.00 and a 200-day moving average price of $714.39.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.67. The company earned $30.40 billion during the quarter, compared to analysts’ expectations of $29.54 billion. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. Amazon.com’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.19 earnings per share. Equities analysts predict that Amazon.com will post $5.82 earnings per share for the current year.
In other Amazon.com news, VP Shelley Reynolds sold 625 shares of the company’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $770.10, for a total transaction of $481,312.50. Following the transaction, the vice president now directly owns 6,519 shares in the company, valued at $5,020,281.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 14,000 shares of the company’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $800.00, for a total value of $11,200,000.00. Following the transaction, the chief executive officer now owns 68,141 shares in the company, valued at $54,512,800. The disclosure for this sale can be found here. 17.70% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Amazon.com by 4.8% in the second quarter. Vanguard Group Inc. now owns 23,795,875 shares of the e-commerce giant’s stock worth $17,028,804,000 after buying an additional 1,082,051 shares during the period. Emerald Acquisition Ltd. purchased a new position in Amazon.com during the second quarter worth approximately $479,380,000. Societe Generale purchased a new position in Amazon.com during the second quarter worth approximately $391,842,000. Bank of Montreal Can purchased a new position in Amazon.com during the second quarter worth approximately $341,933,000. Finally, Point72 Asset Management L.P. boosted its position in Amazon.com by 224.2% in the second quarter. Point72 Asset Management L.P. now owns 666,620 shares of the e-commerce giant’s stock worth $477,047,000 after buying an additional 461,020 shares during the period. Institutional investors own 65.44% of the company’s stock.