Does Amazon.com, Inc. (AMZN) Have More Gas After Reaching 52-Week High?

January 23, 2018 - By reb123z

Investors sentiment decreased to 1.26 in 2017 Q3. Its down 0.10, from 1.36 in 2017Q2. It turned negative, as 73 investors sold Amazon.com, Inc. shares while 549 reduced holdings. 127 funds opened positions while 657 raised stakes. 279.77 million shares or 1.91% less from 285.20 million shares in 2017Q2 were reported.
9 were reported by Ci Global Invs Incorporated. Greenbrier Ptnrs Capital Mngmt Lc reported 5.81% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Willingdon Wealth reported 32 shares. Symphony Asset Ltd Limited Liability Company reported 11,571 shares stake. Optimum Inv Advisors invested 0.89% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Wallington Asset Mngmt Ltd Liability Com reported 0.6% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Regentatlantic Cap Ltd Liability Corp owns 0.07% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 845 shares. Temasek Hldgs (Private) holds 0.74% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN) for 131,735 shares. 67,080 are held by Advisors Asset Mgmt Incorporated. Principal Fincl Gru holds 0.79% or 844,380 shares in its portfolio. California-based Bancorp Of The West has invested 0.62% in Amazon.com, Inc. (NASDAQ:AMZN). 1St Source Natl Bank invested in 4,976 shares. Envestnet Asset Inc, Illinois-based fund reported 35,247 shares. Marathon Asset Mgmt Ltd Liability Partnership has 48,905 shares for 0.78% of their portfolio. Edgestream Prtnrs Limited Partnership, New Jersey-based fund reported 4,944 shares.

Since August 3, 2017, it had 0 insider purchases, and 9 insider sales for $16.47 million activity. WILKE JEFFREY A had sold 710 shares worth $701,045. $2.31M worth of Amazon.com, Inc. (NASDAQ:AMZN) shares were sold by Olsavsky Brian T. The insider Reynolds Shelley sold 544 shares worth $536,666. 2,334 Amazon.com, Inc. (NASDAQ:AMZN) shares with value of $2.30M were sold by Zapolsky David. 1,985 shares were sold by Jassy Andrew R, worth $1.96 million on Tuesday, August 15.

The stock of Amazon.com, Inc. (NASDAQ:AMZN) hit a new 52-week high and has $1392.22 target or 3.00 % above today’s $1351.67 share price. The 6 months bullish chart indicates low risk for the $651.33B company. The 1-year high was reported on Jan, 23 by Barchart.com. If the $1392.22 price target is reached, the company will be worth $19.54 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.84% or $24.36 during the last trading session, reaching $1351.67. About 1.68 million shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 37.41% since January 23, 2017 and is uptrending. It has outperformed by 20.71% the S&P500.

Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on February, 1. They expect $1.94 earnings per share, up 25.97 % or $0.40 from last year’s $1.54 per share. AMZN’s profit will be $934.83M for 174.18 P/E if the $1.94 EPS becomes a reality. After $0.52 actual earnings per share reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts 273.08 % EPS growth.

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

Among 50 analysts covering Amazon.com (NASDAQ:AMZN), 47 have Buy rating, 0 Sell and 3 Hold. Therefore 94% are positive. Amazon.com has $1600.0 highest and $105 lowest target. $1147.01’s average target is -15.14% below currents $1351.67 stock price. Amazon.com had 248 analyst reports since July 21, 2015 according to SRatingsIntel. Tigress Financial maintained the shares of AMZN in report on Monday, August 7 with “Buy” rating. The company was maintained on Friday, July 28 by BMO Capital Markets. Monness Crespi & Hardt maintained the stock with “Buy” rating in Friday, July 24 report. The stock has “Buy” rating by Stifel Nicolaus on Tuesday, March 29. Morgan Stanley maintained Amazon.com, Inc. (NASDAQ:AMZN) on Friday, February 3 with “Overweight” rating. The stock has “Outperform” rating by JMP Securities on Wednesday, July 22. The rating was maintained by Jefferies on Friday, July 29 with “Buy”. The stock has “Buy” rating by Robert W. Baird on Tuesday, August 15. Jefferies maintained it with “Buy” rating and $125000 target in Friday, July 28 report. Susquehanna initiated Amazon.com, Inc. (NASDAQ:AMZN) on Friday, January 15 with “Positive” rating.

More notable recent Amazon.com, Inc. (NASDAQ:AMZN) news were published by: Investorplace.com which released: “Valuation, Not Speculation, Should Drive Amazon.com, Inc. Stock” on January 22, 2018, also Investorplace.com with their article: “Amazon.com, Inc.’s Amazon Go Opens to the Public Today” published on January 22, 2018, Investorplace.com published: “3 Stocks to Watch on Monday: Alphabet Inc (GOOG, GOOGL), Amazon.com, Inc …” on January 22, 2018. More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) were released by: Seekingalpha.com and their article: “If Retailers Really Want To Compete With Amazon” published on January 12, 2018 as well as Reuters.com‘s news article titled: “Impinj shares pare gains as Amazon.com says no RFID used at automated store” with publication date: January 22, 2018.

Amazon.com, Inc. engages in the retail sale of consumer products and subscriptions in North America and internationally. The company has market cap of $651.33 billion. It operates through the North America, International, and Amazon Web Services divisions. It has a 344.64 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: