Redburn Atlantic Forecasts Strong Price Appreciation for Amazon.com (NASDAQ:AMZN) Stock

Amazon.com (NASDAQ:AMZN) had its target price lifted by investment analysts at Redburn Atlantic from $225.00 to $235.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the e-commerce giant’s stock. Redburn Atlantic’s price target suggests a potential upside of 14.22% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. JMP Securities upped their price target on Amazon.com from $265.00 to $285.00 and gave the company a “market outperform” rating in a research report on Friday, November 1st. Robert W. Baird upped their price target on Amazon.com from $213.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Monness Crespi & Hardt upped their price target on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Jefferies Financial Group upped their price target on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Evercore ISI boosted their price objective on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $236.20.

Amazon.com Trading Down 1.0 %

Shares of Amazon.com stock opened at $205.74 on Tuesday. Amazon.com has a 52-week low of $142.81 and a 52-week high of $215.90. The stock’s 50-day simple moving average is $194.14 and its 200 day simple moving average is $186.66. The stock has a market capitalization of $2.16 trillion, a P/E ratio of 44.06, a P/E/G ratio of 1.35 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the prior year, the business posted $0.85 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. As a group, research analysts anticipate that Amazon.com will post 5.29 EPS for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This represents a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the transaction, the chief executive officer now owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,026,683 shares of company stock worth $1,252,148,795 over the last quarter. 10.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Amazon.com

Several institutional investors and hedge funds have recently modified their holdings of the stock. China Universal Asset Management Co. Ltd. boosted its position in shares of Amazon.com by 31.6% during the first quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock valued at $32,894,000 after buying an additional 43,759 shares during the last quarter. Quent Capital LLC raised its stake in shares of Amazon.com by 3.3% in the first quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock worth $6,084,000 after buying an additional 1,081 shares during the period. Meeder Asset Management Inc. lifted its holdings in Amazon.com by 44.0% in the 1st quarter. Meeder Asset Management Inc. now owns 207,028 shares of the e-commerce giant’s stock worth $37,344,000 after purchasing an additional 63,291 shares in the last quarter. Meeder Advisory Services Inc. lifted its holdings in Amazon.com by 14.8% in the 1st quarter. Meeder Advisory Services Inc. now owns 114,940 shares of the e-commerce giant’s stock worth $20,733,000 after purchasing an additional 14,815 shares in the last quarter. Finally, Verus Capital Partners LLC raised its holdings in shares of Amazon.com by 2.9% during the 1st quarter. Verus Capital Partners LLC now owns 408,608 shares of the e-commerce giant’s stock worth $73,705,000 after acquiring an additional 11,536 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.