Pacific Crest Lowers Amazon.com, Inc. (AMZN) Price Target to $895.00

Amazon.com, Inc. (NASDAQ:AMZN) had its price objective dropped by equities research analysts at Pacific Crest from $905.00 to $895.00 in a report issued on Friday. The firm currently has an “overweight” rating on the e-commerce giant’s stock. Pacific Crest’s price objective points to a potential upside of 4.48% from the stock’s current price.

A number of other research analysts have also weighed in on AMZN. Citigroup Inc reduced their price target on Amazon.com from $965.00 to $960.00 and set a “buy” rating on the stock in a research note on Monday, November 28th. Evercore ISI reissued a “buy” rating and set a $990.00 price target on shares of Amazon.com in a research note on Monday, November 28th. Piper Jaffray Companies reissued an “overweight” rating and set a $900.00 price target on shares of Amazon.com in a research note on Tuesday, November 29th. SunTrust Banks, Inc. reissued a “hold” rating on shares of Amazon.com in a research note on Tuesday, November 29th. Finally, Morningstar, Inc. reissued a “buy” rating on shares of Amazon.com in a research note on Thursday, December 1st. Six equities research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $939.08.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

Amazon.com (NASDAQ:AMZN) opened at 856.97 on Friday. The stock has a market capitalization of $408.92 billion, a PE ratio of 174.89 and a beta of 1.40. Amazon.com has a 12-month low of $538.58 and a 12-month high of $860.86. The company has a 50-day moving average price of $841.00 and a 200-day moving average price of $801.26.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. Amazon.com had a return on equity of 13.87% and a net margin of 1.74%. The company had revenue of $43.74 billion for the quarter, compared to analyst estimates of $44.66 billion. During the same quarter in the prior year, the company posted $1.00 EPS. The business’s revenue for the quarter was up 22.4% compared to the same quarter last year. Analysts expect that Amazon.com will post $7.18 earnings per share for the current fiscal year.

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In related news, Director Tom A. Alberg sold 590 shares of Amazon.com stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total value of $501,500.00. Following the completion of the transaction, the director now directly owns 22,525 shares in the company, valued at $19,146,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David Zapolsky sold 503 shares of Amazon.com stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total value of $427,550.00. Following the completion of the transaction, the insider now owns 2,523 shares of the company’s stock, valued at $2,144,550. The disclosure for this sale can be found here. 17.70% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of AMZN. Davidson & Garrard Inc. raised its stake in Amazon.com by 17.6% in the third quarter. Davidson & Garrard Inc. now owns 4,201 shares of the e-commerce giant’s stock valued at $3,518,000 after buying an additional 628 shares during the last quarter. Williams Jones & Associates LLC raised its stake in Amazon.com by 22.7% in the second quarter. Williams Jones & Associates LLC now owns 24,801 shares of the e-commerce giant’s stock valued at $17,748,000 after buying an additional 4,596 shares during the last quarter. Waverton Investment Management Ltd raised its stake in Amazon.com by 28.4% in the third quarter. Waverton Investment Management Ltd now owns 48,369 shares of the e-commerce giant’s stock valued at $40,500,000 after buying an additional 10,692 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp raised its stake in Amazon.com by 4.3% in the third quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 54,366 shares of the e-commerce giant’s stock valued at $45,521,000 after buying an additional 2,219 shares during the last quarter. Finally, united american securities inc. d b a uas asset management raised its stake in Amazon.com by 32.7% in the third quarter. united american securities inc. d b a uas asset management now owns 15,196 shares of the e-commerce giant’s stock valued at $12,724,000 after buying an additional 3,746 shares during the last quarter. Institutional investors and hedge funds own 65.08% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).

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