Amazon.com (NASDAQ:AMZN) had its price objective hosited by Macquarie from $355.00 to $405.00 in a report released on Friday, Analyst Ratings.Net reports. Macquarie currently has an outperform rating on the stock.
In other Amazon.com news, VP David Zapolsky sold 2,228 shares of Amazon.com stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $367.63, for a total value of $819,079.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several other analysts have also recently commented on the stock. Analysts at SunTrust reiterated a buy rating on shares of Amazon.com in a research note to investors on Thursday. They now have a $400.00 price target on the stock. Separately, analysts at Thomson Reuters/Verus upgraded shares of Amazon.com from a sell rating to a hold rating in a research note to investors on Monday, November 11th. Finally, analysts at Standpoint Research initiated coverage on shares of Amazon.com in a research note to investors on Monday, October 28th. They set a sell rating and a $280.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $376.88.
Amazon.com (NASDAQ:AMZN) traded up 0.18% on Friday, hitting $369.85. The stock had a trading volume of 1,787,169 shares. Amazon.com has a 1-year low of $227.45 and a 1-year high of $372.90. The stock has a 50-day moving average of $334.7 and a 200-day moving average of $297.9. The company has a market cap of $169.3 billion and a price-to-earnings ratio of 1337.57.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 24th. The company reported ($0.09) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.09). The company had revenue of $17.09 billion for the quarter, compared to the consensus estimate of $16.77 billion. During the same quarter last year, the company posted ($0.23) earnings per share. Amazon.com’s revenue was up 23.8% compared to the same quarter last year. Analysts expect that Amazon.com will post $0.73 EPS for the current fiscal year.
Amazon.com, Inc (NASDAQ:AMZN), incorporated on May 28, 1996, serves consumers through its retail websites and focus on selection, price, and convenience.
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