DA Davidson Reiterates Amazon.com (NASDAQ:AMZN) As a Buy; They Now Have a PT Of $2100

June 14, 2018 - By Vivian Park

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

Investors sentiment decreased to 1.08 in Q1 2018. Its down 0.21, from 1.29 in 2017Q4. It is negative, 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.

Gilder Gagnon Howe And Llc reported 302,753 shares stake. Jarislowsky Fraser Ltd accumulated 0% or 246 shares. Symphony Asset stated it has 1.78% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Wagner Bowman Mngmt holds 0.35% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN) for 894 shares. Barclays Public Ltd Liability Corporation owns 867,858 shares. Jfs Wealth Advsrs stated it has 201 shares or 0.08% of all its holdings. Azimuth Cap Mgmt Ltd Liability Co reported 0.95% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Advantus Capital Mngmt has 41,235 shares. Inv House Limited invested in 2.83% or 16,044 shares. Cypress Capital Grp reported 0.33% stake. First Personal accumulated 799 shares. Intrust Bank Na holds 1.65% or 3,954 shares. Goelzer Mgmt, a Indiana-based fund reported 296 shares. First Western reported 1.52% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Texas Permanent School Fund has invested 2.01% in Amazon.com, Inc. (NASDAQ:AMZN).

Since February 15, 2018, it had 0 insider buys, and 21 sales for $63.19 million activity. $3.03M worth of Amazon.com, Inc. (NASDAQ:AMZN) shares were sold by Zapolsky David. Jassy Andrew R sold $2.72M worth of stock. $1.01M worth of stock was sold by ALBERG TOM A on Wednesday, February 21. The insider Blackburn Jeffrey M sold $3.23M. Shares for $3.42 million were sold by Olsavsky Brian T on Thursday, February 15. Reynolds Shelley sold $686,439 worth of Amazon.com, Inc. (NASDAQ:AMZN) on Tuesday, May 15.

Amazon.com (NASDAQ:AMZN) Rating Reaffirmed

Amazon.com (NASDAQ:AMZN) just had their share rating of a ‘Buy’ issued by research analysts at DA Davidson, who now has a $2100 target price per share on the $834.67 billion market cap company or a 22.08 % upside potential. This key information was shown in a report on Thursday morning.

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

Among 38 analysts covering Amazon (NASDAQ:AMZN), 38 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Amazon has $2020 highest and $1360.0 lowest target. $1757.54’s average target is 2.17% above currents $1720.155 stock price. Amazon had 65 analyst reports since December 18, 2017 according to SRatingsIntel. Monness maintained it with “Buy” rating and $1500.0 target in Tuesday, January 30 report. The rating was maintained by Robert W. Baird with “Buy” on Friday, April 27. The firm earned “Overweight” rating on Friday, February 2 by PiperJaffray. As per Wednesday, January 3, the company rating was maintained by Cowen & Co. On Monday, May 7 the stock rating was initiated by Telsey Advisory with “Buy”. Barclays Capital maintained it with “Buy” rating and $1580.0 target in Friday, February 2 report. The firm has “Outperform” rating given on Friday, April 27 by Wedbush. The company was maintained on Tuesday, January 16 by BMO Capital Markets. Piper Jaffray maintained the shares of AMZN in report on Thursday, April 19 with “Buy” rating. Susquehanna maintained the shares of AMZN in report on Friday, February 2 with “Buy” rating.

The stock increased 0.90% or $15.295 during the last trading session, reaching $1720.155. About 2.24M shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 62.09% since June 14, 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 $2.52 earnings per share, up 530.00 % or $2.12 from last year’s $0.4 per share. AMZN’s profit will be $1.22 billion for 170.65 P/E if the $2.52 EPS becomes a reality. After $3.27 actual earnings per share reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts -22.94 % 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 $834.67 billion. It operates through the North America, International, and Amazon Web Services divisions. It has a 279.7 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: Nasdaq.com which released: “The Real Winner in the War Over 21st Century Fox Is … Netflix, Inc.?” on June 12, 2018, also Fool.com with their article: “How Much Does Amazon Spend on R&D? Less Than You Think.” published on June 13, 2018, Seekingalpha.com published: “Okta: Worth The Valuation?” on June 13, 2018. More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) were released by: Nasdaq.com and their article: “3 Numbers Most People Don’t Know About eBay” published on June 14, 2018 as well as Investorplace.com‘s news article titled: “Amazon.com, Inc. Makes a Leap With the Fire TV Cube” with publication date: June 11, 2018.

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

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