Amazon.com (NASDAQ:AMZN) Price Target Raised to $2,300.00 at JPMorgan Chase & Co.
Amazon.com (NASDAQ:AMZN) had its price objective lifted by JPMorgan Chase & Co. from $2,200.00 to $2,300.00 in a research report released on Friday morning, The Fly reports. They currently have a neutral rating on the e-commerce giant’s stock.
A number of other research analysts have also weighed in on the company. Bank of America set a $275.00 price objective on SVB Financial Group and gave the stock a buy rating in a report on Friday, April 26th. DA Davidson restated a neutral rating on shares of IDEX in a research report on Friday, April 26th. Stifel Nicolaus increased their target price on Starbucks from $86.00 to $90.00 and gave the stock a hold rating in a research report on Friday. Barclays increased their target price on Air Products & Chemicals from $220.00 to $260.00 and gave the stock an overweight rating in a research report on Friday. Finally, Goldman Sachs Group set a €6.60 ($7.67) price objective on Enel and gave the stock a buy rating in a report on Friday. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. Amazon.com presently has an average rating of Buy and a consensus target price of $2,241.20.
AMZN stock traded down $30.77 during trading on Friday, hitting $1,943.05. 4,919,870 shares of the company’s stock were exchanged, compared to its average volume of 2,971,265. The firm’s 50-day moving average price is $1,928.39. The firm has a market capitalization of $956.62 billion, a PE ratio of 96.48, a price-to-earnings-growth ratio of 2.27 and a beta of 1.57. Amazon.com has a 52-week low of $1,307.00 and a 52-week high of $2,050.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.09 and a quick ratio of 0.83.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 1,900 shares of Amazon.com stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $1,848.11, for a total transaction of $3,511,409.00. Following the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $18,481,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,500 shares of Amazon.com stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $1,934.42, for a total value of $4,836,050.00. Following the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $19,344,200. The disclosure for this sale can be found here. Insiders have sold a total of 18,993 shares of company stock worth $36,698,207 in the last ninety days. 16.10% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in AMZN. Thoroughbred Financial Services LLC increased its position in shares of Amazon.com by 191,406.0% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 9,307,191 shares of the e-commerce giant’s stock valued at $930,719,000 after purchasing an additional 9,302,331 shares during the period. Elephas Investment Management Ltd acquired a new position in shares of Amazon.com during the 4th quarter valued at $182,039,000. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST acquired a new position in shares of Amazon.com during the 4th quarter valued at $180,236,000. Amundi Pioneer Asset Management Inc. increased its position in shares of Amazon.com by 20.4% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 687,487 shares of the e-commerce giant’s stock valued at $1,224,242,000 after purchasing an additional 116,401 shares during the period. Finally, Marshall Wace North America L.P. increased its position in shares of Amazon.com by 121.9% during the 1st quarter. Marshall Wace North America L.P. now owns 149,742 shares of the e-commerce giant’s stock valued at $266,655,000 after purchasing an additional 82,264 shares during the period. 55.51% of the stock is currently owned by hedge funds and other institutional investors.
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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