Mizuho Boosts Amazon.com (NASDAQ:AMZN) Price Target to $3,100.00

Amazon.com (NASDAQ:AMZN) had its target price upped by Mizuho from $2,550.00 to $3,100.00 in a research report sent to investors on Tuesday morning, The Fly reports. The firm currently has a buy rating on the e-commerce giant’s stock.

Other equities analysts also recently issued reports about the company. Wells Fargo & Co reaffirmed a buy rating on shares of Amazon.com in a report on Wednesday, June 10th. China International Capital upped their price target on Amazon.com from $1,850.00 to $2,162.00 in a report on Wednesday, May 6th. Wolfe Research downgraded Amazon.com to a sell rating and set a $1,987.00 price target for the company. in a report on Monday, April 27th. William Blair reaffirmed a buy rating on shares of Amazon.com in a report on Monday, June 22nd. Finally, Morgan Stanley upped their price target on Amazon.com from $2,600.00 to $2,800.00 and gave the company an overweight rating in a report on Monday, June 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, forty-six have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $2,681.96.

AMZN stock opened at $2,890.30 on Tuesday. The company’s 50 day moving average price is $2,545.66 and its 200 day moving average price is $2,139.60. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.84 and a current ratio of 1.08. Amazon.com has a fifty-two week low of $1,626.03 and a fifty-two week high of $2,955.56. The firm has a market capitalization of $1,441.62 billion, a price-to-earnings ratio of 138.09, a PEG ratio of 5.88 and a beta of 1.32.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, April 30th. The e-commerce giant reported $5.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $6.36 by ($1.35). The business had revenue of $75.45 billion during the quarter, compared to analyst estimates of $74.15 billion. Amazon.com had a net margin of 3.56% and a return on equity of 17.83%. The business’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same period last year, the company earned $7.09 earnings per share. Equities analysts forecast that Amazon.com will post 19.99 EPS for the current fiscal year.

In other news, SVP David Zapolsky sold 352 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $2,300.19, for a total value of $809,666.88. Following the completion of the transaction, the senior vice president now owns 4,015 shares in the company, valued at $9,235,262.85. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 6,945 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $2,256.50, for a total value of $15,671,392.50. Following the completion of the transaction, the chief executive officer now owns 93,105 shares of the company’s stock, valued at approximately $210,091,432.50. The disclosure for this sale can be found here. Insiders sold 9,497 shares of company stock valued at $21,605,827 in the last quarter. 16.10% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in AMZN. Orser Capital Management LLC increased its position in shares of Amazon.com by 1.0% in the fourth quarter. Orser Capital Management LLC now owns 1,472 shares of the e-commerce giant’s stock valued at $2,719,000 after buying an additional 14 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Amazon.com by 12.8% in the fourth quarter. Quadrant Capital Group LLC now owns 3,570 shares of the e-commerce giant’s stock valued at $6,558,000 after buying an additional 405 shares in the last quarter. Foundry Partners LLC increased its position in shares of Amazon.com by 3.5% in the fourth quarter. Foundry Partners LLC now owns 446 shares of the e-commerce giant’s stock valued at $824,000 after buying an additional 15 shares in the last quarter. Advisory Research Inc. increased its position in shares of Amazon.com by 8.5% in the fourth quarter. Advisory Research Inc. now owns 526 shares of the e-commerce giant’s stock valued at $972,000 after buying an additional 41 shares in the last quarter. Finally, Capital One National Association purchased a new position in shares of Amazon.com in the fourth quarter valued at $3,380,000. Institutional investors and hedge funds own 64.65% of the company’s stock.

Amazon.com Company Profile

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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