November 28, 2016 - By Louis Casey
Equities researchers at Citigroup have $960.00 target on Amazon.com (NASDAQ:AMZN). Citigroup’s target would suggest a potential upside of 24.74% from the company’s last stock close. The rating was shown in an analyst report on Monday, 28 November.
Out of 39 analysts covering Amazon.com (NASDAQ:AMZN), 36 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 92% are positive. $1050 is the highest target while $105 is the lowest. The $813.88 average target is 5.78% above today’s ($769.42) stock price. Amazon.com has been the topic of 131 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Outperform” rating given on Friday, July 29 by Wedbush. Benchmark maintained the stock with “Buy” rating in Friday, July 29 report. Axiom Capital maintained the stock with “Buy” rating in Friday, July 24 report. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Buy” rating given on Friday, July 29 by UBS. The firm earned “Buy” rating on Friday, July 29 by Deutsche Bank. The company was maintained on Wednesday, December 9 by Nomura. Raymond James downgraded Amazon.com, Inc. (NASDAQ:AMZN) rating on Tuesday, March 22. Raymond James has “Outperform” rating and $655 price target. The firm has “Hold” rating by Canaccord Genuity given on Friday, October 23. Mizuho maintained Amazon.com, Inc. (NASDAQ:AMZN) rating on Friday, July 24. Mizuho has “Buy” rating and $645 price target. The firm has “Buy” rating by Canaccord Genuity given on Friday, October 28.
About 2.41 million shares traded hands. Amazon.com, Inc. (NASDAQ:AMZN) has risen 24.62% since April 25, 2016 and is uptrending. It has outperformed by 18.61% the S&P500.
Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on January, 26. They expect $1.48 EPS, up 48.00% or $0.48 from last year’s $1 per share. AMZN’s profit will be $703.47M for 129.97 P/E if the $1.48 EPS becomes a reality. After $0.52 actual EPS reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts 184.62% EPS growth.
Insitutional Activity: The institutional sentiment decreased to 1.29 in Q2 2016. Its down 0.17, from 1.46 in 2016Q1. The ratio is negative, as 50 funds sold all Amazon.com, Inc. shares owned while 443 reduced positions. 147 funds bought stakes while 571 increased positions. They now own 303.88 million shares or 18.94% less from 374.87 million shares in 2016Q1.
Usca Ria Limited Liability holds 0.13% or 1,118 shares in its portfolio. Twin Capital Mngmt Incorporated has invested 1.12% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). American National Bank & Trust last reported 1.55% of its portfolio in the stock. Analytic Invsts Ltd Llc holds 57,273 shares or 0.48% of its portfolio. Patten Group Inc accumulated 20 shares or 0% of the stock. Fjarde Ap has 92,928 shares for 1.54% of their US portfolio. Lincoln Capital Lc owns 1,264 shares or 0.68% of their US portfolio. Roosevelt Investment Gru, a New York-based fund reported 24,434 shares. Moreover, Myriad Asset has 0.9% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 14,500 shares. Moreover, Strategic Global Advisors Ltd Liability has 0.11% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 401 shares. Westwood Il, a Illinois-based fund reported 46,140 shares. Independent Portfolio Consultants Inc owns 5,142 shares or 1.16% of their US portfolio. Rosenblum Silverman Sutton S F Ca owns 14,816 shares or 5.09% of their US portfolio. Fifth Third Commercial Bank has 0.55% invested in the company for 90,784 shares. The Connecticut-based Webster Financial Bank N A has invested 0.84% in Amazon.com, Inc. (NASDAQ:AMZN).
Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 11 sales for $793.90 million net activity. Another trade for 4,787 shares valued at $3.53 million was sold by Blackburn Jeffrey M. Reynolds Shelley had sold 626 shares worth $460,021 on Tuesday, November 15. On Monday, June 6 STONESIFER PATRICIA Q sold $4.54M worth of the stock or 6,250 shares. The insider Olsavsky Brian T sold 1,511 shares worth $1.11M. Zapolsky David sold $1.49M worth of Amazon.com, Inc. (NASDAQ:AMZN) on Tuesday, November 15. 2,305 shares were sold by Jassy Andrew R, worth $1.70M. The insider BEZOS JEFFREY P sold 1.00M shares worth $756.74M.
Amazon.com, Inc. offers a range of products and services through its Websites. The company has a market cap of $365.72 billion. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It has a 176.29 P/E ratio. The Firm has three divisions: North America, International and Amazon Web Services .
According to Zacks Investment Research, “Amazon.com, Inc. seeks to be the world’s most customer-centric company, where customers can find and discover anything they may want to buy online. The company lists unique items in categories such as books, music, DVDs, videos, consumer electronics, toys, camera and photo items, software, computer and video games, tools and hardware, lawn and patio items, kitchen products, and wireless products.”
Amazon.com, Inc., incorporated on May 28, 1996, offers a range of services and products through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Firm has three divisions: North America, International and Amazon Web Services (AWS). The Company’s North America segment focuses on retail sales of consumer products from sellers and subscriptions, through its North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx. The Company’s North America segment also includes export sales from its North America-focused Websites.
Another recent and important Amazon.com, Inc. (NASDAQ:AMZN) news was published by Investorplace.com which published an article titled: “Amazon.com, Inc. (AMZN) Stock Is a Winner With or Without Prime Video” on November 28, 2016.
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By Louis Casey