Amazon.com (NASDAQ:AMZN) PT Lowered to $119.00

Amazon.com (NASDAQ:AMZN) had its target price cut by Piper Sandler from $125.00 to $119.00 in a report released on Tuesday morning, The Fly reports. They currently have an overweight rating on the e-commerce giant’s stock.

AMZN has been the subject of a number of other reports. Sanford C. Bernstein lowered their price target on shares of Amazon.com from $150.00 to $125.00 and set an outperform rating for the company in a report on Friday, October 28th. Erste Group Bank lowered shares of Amazon.com from a buy rating to a hold rating in a report on Friday, November 18th. Benchmark lowered their price target on shares of Amazon.com from $160.00 to $125.00 and set a buy rating for the company in a report on Friday, October 28th. Royal Bank of Canada lowered their price target on shares of Amazon.com from $175.00 to $135.00 and set an outperform rating for the company in a report on Friday, October 28th. Finally, Truist Financial lowered their price target on shares of Amazon.com from $170.00 to $160.00 and set a buy rating for the company in a report on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $150.77.

Amazon.com Trading Up 0.8 %

Shares of AMZN opened at $93.20 on Tuesday. The firm has a market cap of $950.79 billion, a price-to-earnings ratio of 85.54, a PEG ratio of 6.29 and a beta of 1.23. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94. Amazon.com has a fifty-two week low of $85.87 and a fifty-two week high of $181.68. The firm has a 50 day moving average price of $109.13 and a 200-day moving average price of $116.76.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.06. The firm had revenue of $127.10 billion during the quarter, compared to analyst estimates of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.31 EPS. As a group, equities research analysts forecast that Amazon.com will post 0.74 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the company’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total transaction of $66,263.60. Following the transaction, the chief executive officer now owns 115,680 shares in the company, valued at approximately $14,741,102.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Amazon Com Inc sold 250,000 shares of the stock in a transaction that occurred on Friday, October 7th. The shares were sold at an average price of $23.61, for a total value of $5,902,500.00. Following the transaction, the insider now owns 14,178,445 shares in the company, valued at approximately $334,753,086.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 520 shares of the stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total transaction of $66,263.60. Following the completion of the transaction, the chief executive officer now owns 115,680 shares in the company, valued at approximately $14,741,102.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 269,412 shares of company stock worth $7,914,139. Company insiders own 12.70% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Savior LLC raised its stake in Amazon.com by 1,085.0% during the 2nd quarter. Savior LLC now owns 237 shares of the e-commerce giant’s stock worth $25,000 after acquiring an additional 217 shares during the period. Rocky Mountain Advisers LLC raised its stake in Amazon.com by 1,311.8% during the 2nd quarter. Rocky Mountain Advisers LLC now owns 240 shares of the e-commerce giant’s stock worth $25,000 after acquiring an additional 223 shares during the period. Iron Horse Wealth Management LLC raised its stake in Amazon.com by 4,540.0% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock worth $25,000 after acquiring an additional 227 shares during the period. Wells Financial Advisors INC raised its stake in Amazon.com by 1,900.0% during the 2nd quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock worth $30,000 after acquiring an additional 266 shares during the period. Finally, Maryland Capital Advisors Inc. raised its stake in Amazon.com by 1,900.0% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 300 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 285 shares during the period. Institutional investors own 57.15% of the company’s stock.

Amazon.com Company Profile

(Get Rating)

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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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