Morgan Stanley restated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research report released on Friday morning. The brokerage currently has a $1,250.00 price objective on the e-commerce giant’s stock.
AMZN has been the topic of several other research reports. Goldman Sachs Group restated a buy rating and set a $1,450.00 price target (up previously from $1,300.00) on shares of Amazon.com in a report on Tuesday, November 28th. DA Davidson increased their price target on Amazon.com from $1,300.00 to $1,500.00 and gave the company a buy rating in a report on Wednesday, November 29th. Vetr lowered Amazon.com from a hold rating to a sell rating and set a $1,129.92 price target on the stock. in a report on Monday, November 27th. Wells Fargo & Company increased their price target on Amazon.com to $1,525.00 and gave the company an outperform rating in a report on Friday. They noted that the move was a valuation call. Finally, MKM Partners increased their price target on Amazon.com from $1,275.00 to $1,350.00 and gave the company a buy rating in a report on Friday. Five research analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $1,209.59.
Shares of Amazon.com (NASDAQ:AMZN) opened at $1,133.95 on Friday. The stock has a market capitalization of $546,420.00, a P/E ratio of 295.01, a PEG ratio of 14.56 and a beta of 1.46. Amazon.com has a twelve month low of $742.00 and a twelve month high of $1,213.41. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00.
In other news, CEO Andrew R. Jassy sold 1,985 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $1,125.38, for a total value of $2,233,879.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey P. Bezos sold 391,110 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the completion of the transaction, the chief executive officer now owns 79,891,433 shares of the company’s stock, valued at $88,162,593,058.49. The disclosure for this sale can be found here. In the last three months, insiders sold 399,538 shares of company stock valued at $441,142,749. Corporate insiders own 17.00% of the company’s stock.
Large investors have recently made changes to their positions in the company. Vestor Capital LLC grew its holdings in Amazon.com by 10.1% in the second 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 during the period. Whitnell & Co. grew its holdings in Amazon.com by 581.3% in the third quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after purchasing an additional 93 shares during the period. WealthTrust Arizona LLC grew its holdings in Amazon.com by 2.7% in the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after purchasing an additional 3 shares during the period. LeJeune Puetz Investment Counsel LLC acquired a new stake in Amazon.com in the second quarter valued at approximately $116,000. Finally, Mountain Capital Investment Advisors Inc acquired a new stake in Amazon.com in the second quarter valued at approximately $121,000. Hedge funds and other institutional investors own 59.79% of the company’s stock.
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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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