Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Amazon.com (NASDAQ:AMZN) Stock Price

Amazon.com (NASDAQ:AMZN) had its target price upped by investment analysts at Deutsche Bank Aktiengesellschaft from $225.00 to $232.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the e-commerce giant’s stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 17.08% from the stock’s previous close.

AMZN has been the topic of a number of other reports. Maxim Group increased their target price on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a report on Friday. Bank of America increased their price objective on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday. TD Cowen boosted their target price on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday. Cantor Fitzgerald restated an “overweight” rating and set a $230.00 price target on shares of Amazon.com in a report on Monday, October 7th. Finally, TD Securities boosted their price objective on Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $243.11.

Amazon.com Trading Up 6.3 %

Shares of NASDAQ AMZN traded up $11.76 during trading on Friday, reaching $198.16. The stock had a trading volume of 78,113,704 shares, compared to its average volume of 41,222,922. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The company has a market cap of $2.08 trillion, a P/E ratio of 47.36, a PEG ratio of 1.46 and a beta of 1.14. Amazon.com has a fifty-two week low of $136.47 and a fifty-two week high of $201.20. The business’s 50-day moving average price is $184.40 and its 200-day moving average price is $183.65.

Amazon.com (NASDAQ:AMZN) last released its 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. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. Amazon.com’s revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 EPS. On average, equities research analysts predict that Amazon.com will post 4.84 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,855 shares of company stock worth $9,215,048 over the last quarter. 10.80% of the stock is owned by corporate insiders.

Institutional Trading of Amazon.com

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Amazon.com by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after purchasing an additional 14,724,687 shares during the last quarter. Capital Research Global Investors grew its stake in Amazon.com by 8.5% in the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after purchasing an additional 6,810,145 shares in the last quarter. Legal & General Group Plc increased its holdings in Amazon.com by 1.5% in the second quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock valued at $13,466,933,000 after buying an additional 1,042,177 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Amazon.com by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock valued at $13,091,909,000 after acquiring an additional 289,532 shares in the last quarter. Finally, Jennison Associates LLC lifted its stake in Amazon.com by 0.5% during the first quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock worth $10,221,446,000 after purchasing an additional 295,132 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Company Profile

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.