Amazon.com (NASDAQ:AMZN) “Outperform” Rating Kept Today By Credit Suisse; The Target Price Given is $2000

July 16, 2018 - By Megan Stone

Amazon.com, Inc. (NASDAQ:AMZN) Logo

Investors sentiment decreased to 1.08 in 2018 Q1. Its down 0.21, from 1.29 in 2017Q4. It fall, as 73 investors sold Amazon.com, Inc. shares while 659 reduced holdings. 173 funds opened positions while 614 raised stakes. 266.38 million shares or 4.87% less from 280.02 million shares in 2017Q4 were reported.

Horizon Kinetics Limited Com stated it has 410 shares or 0.02% of all its holdings. Rafferty Asset Management Ltd Co reported 1,480 shares stake. Qs Investors Limited Liability reported 20,315 shares stake. Filament Ltd Liability Company accumulated 0.41% or 798 shares. Smith Salley Assocs reported 1.58% in Amazon.com, Inc. (NASDAQ:AMZN). Federated Investors Pa owns 128,354 shares for 0.54% of their portfolio. Flossbach Von Storch Ag accumulated 0.6% or 40,777 shares. Chickasaw Cap Ltd Limited Liability Company has 0.06% invested in Amazon.com, Inc. (NASDAQ:AMZN). Jw Asset Mngmt Lc owns 19,627 shares. Shoker Invest Counsel has 363 shares for 0.4% of their portfolio. Jabre Cap Prtn Sa invested in 4,250 shares or 1.32% of the stock. Essex Financial Svcs holds 1.32% or 4,645 shares. Kings Point Cap invested in 1.77% or 6,040 shares. Fisher Asset Management Limited Liability Co invested in 1.95 million shares or 3.27% of the stock. 4,266 were accumulated by Alley Ltd Liability Corp.

Since February 15, 2018, it had 0 insider buys, and 21 sales for $63.19 million activity. $2.17 million worth of Amazon.com, Inc. (NASDAQ:AMZN) was sold by STONESIFER PATRICIA Q on Wednesday, May 2. 1,726 Amazon.com, Inc. (NASDAQ:AMZN) shares with value of $2.72 million were sold by Jassy Andrew R. Zapolsky David also sold $3.24M worth of Amazon.com, Inc. (NASDAQ:AMZN) shares. ALBERG TOM A also sold $3.35M worth of Amazon.com, Inc. (NASDAQ:AMZN) shares. Reynolds Shelley had sold 544 shares worth $795,502 on Thursday, February 15. On Thursday, February 15 the insider Blackburn Jeffrey M sold $18.50 million.

Amazon.com (NASDAQ:AMZN) Rating Reaffirmed

Professional analysts at Credit Suisse now has a $2000 TP on Amazon.com (NASDAQ:AMZN). Credit Suisse and their recent TP indicates a potential upside of 8.61 % from the company’s previous close. The rating has been disclosed to clients in analysts note on Monday morning.

Amazon.com, Inc. (NASDAQ:AMZN) Ratings Coverage

Among 37 analysts covering Amazon (NASDAQ:AMZN), 37 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Amazon has $2100 highest and $1360.0 lowest target. $1805.11’s average target is -1.97% below currents $1841.47 stock price. Amazon had 63 analyst reports since January 18, 2018 according to SRatingsIntel. On Thursday, April 19 the stock rating was maintained by SunTrust with “Buy”. The stock of Amazon.com, Inc. (NASDAQ:AMZN) earned “Buy” rating by Stifel Nicolaus on Friday, February 2. On Thursday, June 21 the stock rating was maintained by UBS with “Buy”. The firm earned “Buy” rating on Wednesday, March 14 by Piper Jaffray. The company was maintained on Friday, April 27 by Barclays Capital. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Buy” rating given on Friday, February 2 by SunTrust. The firm earned “Buy” rating on Friday, February 2 by Bank of America. The firm has “Buy” rating given on Tuesday, January 23 by Loop Capital. Robert W. Baird maintained it with “Buy” rating and $180000 target in Friday, April 27 report. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Buy” rating given on Tuesday, January 30 by Monness.

The stock increased 1.57% or $28.44 during the last trading session, reaching $1841.47. About 3.14M shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 62.09% since July 16, 2017 and is uptrending. It has outperformed by 49.52% the S&P500.

Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on July, 26. They expect $2.50 EPS, up 525.00 % or $2.10 from last year’s $0.4 per share. AMZN’s profit will be $1.21 billion for 184.15 P/E if the $2.50 EPS becomes a reality. After $3.27 actual EPS reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts -23.55 % negative EPS growth.

Amazon.com, Inc. engages in the retail sale of consumer products and subscriptions in North America and internationally. The company has market cap of $893.53 billion. It operates through the North America, International, and Amazon Web Services divisions. It has a 231.63 P/E ratio. The firm sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

More notable recent Amazon.com, Inc. (NASDAQ:AMZN) news were published by: Fool.com which released: “Better Buy: Walmart Inc. vs. Amazon.com” on July 15, 2018, also Seekingalpha.com with their article: “Amazon Hastens Retail Pharma’s Last Stand” published on July 15, 2018, Seekingalpha.com published: “CNBC: Amazon, Xealth plan healthcare delivery pilot” on July 12, 2018. More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) were released by: Fool.com and their article: “Better Buy: Amazon.com, Inc. vs. Netflix, Inc.” published on July 15, 2018 as well as Seekingalpha.com‘s news article titled: “Amazon Will Become A Network Vendor” with publication date: July 14, 2018.

Amazon.com, Inc. (NASDAQ:AMZN) Institutional Positions Chart

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