Amazon.com (AMZN) Price Target Raised to $1,840.00

Amazon.com (NASDAQ:AMZN) had its price target boosted by MKM Partners to $1,840.00 in a report issued on Tuesday morning. MKM Partners currently has a buy rating on the e-commerce giant’s stock.

A number of other research firms have also commented on AMZN. Monness Crespi & Hardt reissued a buy rating and issued a $2,000.00 price target on shares of Amazon.com in a research report on Wednesday, April 11th. Wedbush set a $1,800.00 price target on shares of Amazon.com and gave the company a buy rating in a research report on Friday, April 27th. JPMorgan Chase & Co. reissued a buy rating on shares of Amazon.com in a research report on Monday, April 30th. Jefferies Group lifted their price target on shares of Amazon.com from $1,450.00 to $1,750.00 and gave the company a buy rating in a research report on Friday, February 2nd. Finally, Vetr raised shares of Amazon.com from a sell rating to a hold rating and set a $1,414.91 price target on the stock in a research report on Tuesday, January 30th. Two investment analysts have rated the stock with a hold rating, fifty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $1,705.08.

Amazon.com opened at $1,629.62 on Tuesday, Marketbeat.com reports. Amazon.com has a 12 month low of $927.00 and a 12 month high of $1,638.10. The company has a market capitalization of $782.61 billion, a PE ratio of 358.16, a PEG ratio of 4.32 and a beta of 1.60. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.77 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, April 26th. The e-commerce giant reported $3.27 EPS for the quarter, beating the Zacks’ consensus estimate of $1.80 by $1.47. Amazon.com had a net margin of 2.04% and a return on equity of 11.77%. The company had revenue of $51.04 billion for the quarter, compared to analyst estimates of $49.94 billion. During the same quarter last year, the firm posted $1.48 earnings per share. The company’s quarterly revenue was up 42.9% compared to the same quarter last year. analysts predict that Amazon.com will post 12.37 earnings per share for the current fiscal year.

In other news, CEO Jeffrey A. Wilke sold 500 shares of the business’s stock in a transaction on Wednesday, March 21st. The shares were sold at an average price of $1,577.85, for a total value of $788,925.00. Following the sale, the chief executive officer now owns 10,000 shares in the company, valued at approximately $15,778,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey A. Wilke sold 250 shares of the business’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $1,549.90, for a total transaction of $387,475.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at approximately $15,499,000. The disclosure for this sale can be found here. Insiders sold a total of 11,243 shares of company stock worth $17,745,414 in the last 90 days. 16.30% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of AMZN. Taylor Hoffman Wealth Management bought a new position in shares of Amazon.com in the fourth quarter valued at about $108,000. Portfolio Solutions LLC bought a new position in shares of Amazon.com in the fourth quarter valued at about $119,000. Santori & Peters Inc. bought a new position in shares of Amazon.com in the fourth quarter valued at about $121,000. Endurance Wealth Management Inc. raised its holdings in shares of Amazon.com by 90.9% in the fourth quarter. Endurance Wealth Management Inc. now owns 105 shares of the e-commerce giant’s stock valued at $123,000 after buying an additional 50 shares during the last quarter. Finally, Oak Point Wealth Management bought a new position in shares of Amazon.com in the fourth quarter valued at about $125,000. Institutional investors own 56.85% of the company’s stock.

About Amazon.com

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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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