Other equities analysts have also issued research reports about the company. Stifel Nicolaus reissued a buy rating and issued a $2,300.00 target price on shares of Amazon.com in a report on Monday, April 22nd. Cowen started coverage on Plantronics in a report on Tuesday, May 28th. They issued an outperform rating and a $67.00 target price on the stock. Zacks Investment Research raised Triple-S Management from a hold rating to a buy rating and set a $26.00 target price on the stock in a report on Monday, April 29th. Bank of America set a $275.00 target price on SVB Financial Group and gave the company a buy rating in a report on Friday, April 26th. Finally, JPMorgan Chase & Co. set a €118.00 ($137.21) target price on Deutsche Boerse and gave the company a neutral rating in a report on Monday, April 29th. Three analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $2,193.89.
Amazon.com stock opened at $2,020.99 on Friday. Amazon.com has a twelve month low of $1,307.00 and a twelve month high of $2,050.50. The stock’s fifty day moving average is $1,883.87. The company has a quick ratio of 0.83, a current ratio of 1.09 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $990.08 billion, a price-to-earnings ratio of 83.97, a P/E/G ratio of 2.29 and a beta of 1.57.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, April 25th. The e-commerce giant reported $7.09 earnings per share for the quarter, topping analysts’ consensus estimates of $4.61 by $2.48. Amazon.com had a return on equity of 28.91% and a net margin of 4.97%. The business had revenue of $59.70 billion for the quarter, compared to analyst estimates of $59.73 billion. During the same quarter in the prior year, the company earned $3.27 earnings per share. The company’s revenue was up 17.0% on a year-over-year basis. On average, equities research analysts expect that Amazon.com will post 26.55 EPS for the current year.
In other news, CEO Jeffrey A. Wilke sold 2,500 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $1,934.42, for a total transaction of $4,836,050.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at $19,344,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Shelley Reynolds sold 379 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $1,838.32, for a total transaction of $696,723.28. Following the sale, the vice president now owns 6,307 shares of the company’s stock, valued at approximately $11,594,284.24. The disclosure for this sale can be found here. Insiders have sold 18,993 shares of company stock valued at $36,698,207 in the last quarter. Insiders own 16.10% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Weiss Asset Management LP purchased a new position in Amazon.com during the first quarter worth about $214,000. Corundum Group Inc. purchased a new position in Amazon.com in the fourth quarter valued at about $888,000. Allstate Corp increased its holdings in Amazon.com by 18.8% in the first quarter. Allstate Corp now owns 29,354 shares of the e-commerce giant’s stock valued at $52,272,000 after buying an additional 4,641 shares in the last quarter. Belpointe Asset Management LLC increased its holdings in Amazon.com by 20.5% in the first quarter. Belpointe Asset Management LLC now owns 5,721 shares of the e-commerce giant’s stock valued at $10,187,000 after buying an additional 975 shares in the last quarter. Finally, Lodestar Investment Counsel LLC IL increased its holdings in Amazon.com by 60.6% in the fourth quarter. Lodestar Investment Counsel LLC IL now owns 959 shares of the e-commerce giant’s stock valued at $1,440,000 after buying an additional 362 shares in the last quarter. Institutional investors and hedge funds own 55.49% of the company’s stock.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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