Amazon.com (NASDAQ:AMZN) Given a $2,150.00 Price Target by Deutsche Bank Analysts

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Amazon.com (NASDAQ:AMZN) has been assigned a $2,150.00 price target by Deutsche Bank in a report issued on Friday, TipRanks reports. The firm presently has a “buy” rating on the e-commerce giant’s stock. Deutsche Bank’s price objective indicates a potential upside of 20.98% from the stock’s current price.

Several other brokerages have also recently issued reports on AMZN. Robert W. Baird set a $2,150.00 price objective on Amazon.com and gave the company an “outperform” rating in a research note on Friday, July 26th. BidaskClub cut Amazon.com from a “sell” rating to a “strong sell” rating in a research note on Thursday, September 19th. Mizuho increased their price objective on Amazon.com from $2,150.00 to $2,200.00 and gave the company a “buy” rating in a research note on Friday. ValuEngine cut Amazon.com from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Finally, Wolfe Research initiated coverage on Amazon.com in a research note on Tuesday, October 8th. They issued an “outperform” rating and a $2,234.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and forty-one have given a buy rating to the company’s stock. Amazon.com presently has a consensus rating of “Buy” and an average target price of $2,189.97.

Amazon.com stock traded up $15.75 during mid-day trading on Friday, hitting $1,777.08. The company’s stock had a trading volume of 3,702,306 shares, compared to its average volume of 4,085,891. The firm has a market capitalization of $880.87 billion, a PE ratio of 88.24, a price-to-earnings-growth ratio of 2.30 and a beta of 1.54. Amazon.com has a 1 year low of $1,307.00 and a 1 year high of $2,035.80. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.44. The stock’s fifty day moving average is $1,771.54 and its two-hundred day moving average is $1,844.70.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 EPS for the quarter, missing the consensus estimate of $4.46 by ($0.23). Amazon.com had a return on equity of 23.47% and a net margin of 4.27%. The firm had revenue of $69.98 billion for the quarter, compared to analysts’ expectations of $68.72 billion. During the same quarter in the prior year, the business earned $5.75 earnings per share. The company’s quarterly revenue was up 23.7% on a year-over-year basis. On average, equities analysts expect that Amazon.com will post 23.53 EPS for the current fiscal year.

In related news, CFO Brian T. Olsavsky sold 1,765 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,783.00, for a total transaction of $3,146,995.00. Following the completion of the sale, the chief financial officer now directly owns 2,480 shares of the company’s stock, valued at approximately $4,421,840. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Indra K. Nooyi purchased 100 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were acquired at an average cost of $1,726.06 per share, with a total value of $172,606.00. Following the completion of the transaction, the director now owns 250 shares in the company, valued at approximately $431,515. The disclosure for this purchase can be found here. Insiders have sold a total of 22,443 shares of company stock valued at $40,205,835 over the last three months. Corporate insiders own 16.10% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Pachira Investments Inc. raised its stake in Amazon.com by 4.3% during the second quarter. Pachira Investments Inc. now owns 120 shares of the e-commerce giant’s stock worth $227,000 after acquiring an additional 5 shares during the period. West Oak Capital LLC raised its stake in Amazon.com by 0.3% during the second quarter. West Oak Capital LLC now owns 1,455 shares of the e-commerce giant’s stock worth $2,755,000 after acquiring an additional 5 shares during the period. Dorsey Wright & Associates raised its stake in Amazon.com by 0.4% during the second quarter. Dorsey Wright & Associates now owns 1,476 shares of the e-commerce giant’s stock worth $2,795,000 after acquiring an additional 6 shares during the period. RDA Financial Network raised its stake in Amazon.com by 0.8% during the second quarter. RDA Financial Network now owns 806 shares of the e-commerce giant’s stock worth $1,574,000 after acquiring an additional 6 shares during the period. Finally, Altman Advisors Inc. raised its stake in Amazon.com by 0.3% during the second quarter. Altman Advisors Inc. now owns 1,962 shares of the e-commerce giant’s stock worth $3,715,000 after acquiring an additional 6 shares during the period. 55.73% of the stock is owned by institutional investors.

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 third-party sellers through physical stores and online stores.

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Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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