Today Telsey Advisory Group Reaffirms a “Outperform” Rating on Amazon (NASDAQ:AMZN) and a $2200 Target Price

July 27, 2018 - By Catherine Diaz

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.

Private Capital Advisors Inc has invested 0.43% in Amazon.com, Inc. (NASDAQ:AMZN). Castleark Ltd Company holds 1.85% or 40,450 shares in its portfolio. Torch Wealth Mngmt Lc holds 0.58% or 614 shares in its portfolio. State Of Wisconsin Board has 491,175 shares for 2.05% of their portfolio. Kamunting Street Cap Management Lp invested 1.14% in Amazon.com, Inc. (NASDAQ:AMZN). Duquesne Family Office Ltd Liability Corporation stated it has 170,853 shares or 13.66% of all its holdings. Amalgamated National Bank & Trust accumulated 59,006 shares or 2.27% of the stock. Baker Avenue Asset Management Lp accumulated 5,200 shares. National Mutual Ins Federation Of Agricultural Cooperatives holds 6,070 shares or 0.15% of its portfolio. Strategic Advsrs Limited Co holds 3.12% in Amazon.com, Inc. (NASDAQ:AMZN) or 5,212 shares. Mitchell Mcleod Pugh And Williams Inc has 1.41% invested in Amazon.com, Inc. (NASDAQ:AMZN). Barnett & Co owns 61 shares or 0.05% of their US portfolio. Beddow Capital Mngmt Inc stated it has 0.17% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Cornerstone Advisors Incorporated holds 772 shares. North Management accumulated 0.05% or 205 shares.

Since February 15, 2018, it had 0 insider buys, and 21 selling transactions for $63.19 million activity. $2.59M worth of stock was sold by WILKE JEFFREY A on Friday, May 18. 1,375 shares were sold by STONESIFER PATRICIA Q, worth $2.17M. Another trade for 2,216 shares valued at $3.24M was made by Zapolsky David on Thursday, February 15. 2,054 shares were sold by Blackburn Jeffrey M, worth $3.23 million on Tuesday, May 15. $3.35M worth of stock was sold by ALBERG TOM A on Thursday, February 15. $3.22M worth of Amazon.com, Inc. (NASDAQ:AMZN) was sold by Olsavsky Brian T on Tuesday, May 15.

Amazon (NASDAQ:AMZN) Rating Reaffirmed

In a research note made public on Friday, 27 July, The “Outperform” rating of Amazon (NASDAQ:AMZN) shares was reconfirmed at Telsey Advisory Group, who now has a $2200 TP on the stock. Telsey Advisory Group’s TP indicates a possible upside of 21.68 % from the previous stock close of the company.

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

Among 35 analysts covering Amazon (NASDAQ:AMZN), 35 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Amazon has $2100 highest and $1500.0 lowest target. $1825.12’s average target is 0.95% above currents $1808 stock price. Amazon had 60 analyst reports since January 30, 2018 according to SRatingsIntel. Mizuho maintained Amazon.com, Inc. (NASDAQ:AMZN) rating on Friday, February 2. Mizuho has “Buy” rating and $1700.0 target. The company was maintained on Tuesday, February 13 by Macquarie Research. J.P. Morgan maintained it with “Buy” rating and $1650.0 target in Friday, February 2 report. Credit Suisse maintained Amazon.com, Inc. (NASDAQ:AMZN) rating on Monday, July 16. Credit Suisse has “Outperform” rating and $2000 target. Needham maintained the stock with “Buy” rating in Tuesday, January 30 report. On Wednesday, June 27 the stock rating was maintained by Loop Capital Markets with “Buy”. The company was maintained on Friday, April 20 by Credit Suisse. The stock has “Buy” rating by Susquehanna on Friday, April 27. The stock has “Overweight” rating by Barclays Capital on Friday, July 13. The rating was maintained by M Partners with “Buy” on Wednesday, February 21.

The stock decreased 2.98% or $55.61 during the last trading session, reaching $1808. About 7.82 million shares traded or 95.95% up from the average. Amazon.com, Inc. (NASDAQ:AMZN) has risen 62.09% since July 27, 2017 and is uptrending. It has outperformed by 49.52% the S&P500.

Amazon.com, Inc. engages in the retail sale of consumer products and subscriptions in North America and internationally. The company has market cap of $877.29 billion. It operates through the North America, International, and Amazon Web Services divisions. It has a 227.42 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: Seekingalpha.com which released: “Amazon.Com Faces Currency Risk Into The Q2 2018 Report” on July 26, 2018, also Thestreet.com with their article: “6 Reasons Amazon Is an Investor’s Dream” published on July 24, 2018, 247Wallst.com published: “Amazon Prime Now Expands to 24 Cities” on July 24, 2018. More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) were released by: Seekingalpha.com and their article: “Microsoft Soaring To All-Time Highs” published on July 26, 2018 as well as Seekingalpha.com‘s news article titled: “Amazon Hits $900 Billion But Why I Am Never Selling The Greatest Growth Stock Of Our Generation” with publication date: July 24, 2018.

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

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