Loop Capital Initiates Coverage on Amazon.com (NDAQ:AMZN) with Buy and with $1200.00 Target

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Amazon.com (NDAQ:AMZN) Price Target & New Coverage by Loop Capital

Stock analysts at Loop Capital issued Buy rating on Amazon.com (NDAQ:AMZN). The firm began coverage in a research note sent to investors and clients on Wednesday morning. Loop Capital’s TP gives upside of 20.70 % from the company’s current price.

The initiation is well received by stock investors, as NDAQ:AMZN is at the moment trading 1.73% higher at $999.60 as of 8:01 AM New York time. Amazon.com’s stock is 0% over the past 200 days. It has underperformed the S&P 500, which has surged 6.00% over the same time.

Out of 40 brokers covering Amazon.com, 41 rate it a Buy, 4 indicate a Hold while 0 suggest a Sell. The highest target is $1000 and the lowest is $463 according to Thomson/First Call. The 12-month mean target is $802.92, which means downside potential of 19.68% over the current price.

AMZN Stock Chart

Institutional Ownership

Trb Advisors Lp had the most significant stake with ownership of 5,000 shares as of q2 2015 for 27.97% of the fund’s portfolio. Huntington Steele Llc is another bull as the investment professional who is owning 83,809 shares of Amazon.com or 23.57% of their fund’s portfolio. Further, Tybourne Capital Management Hk Ltd have 16.49% of their fund’s portfolio invested in the company for 394,903 shares. The New York-based fund Tiger Global Management Llc revealed it had bought a stake worth about 16.2% of the investment professional’s stock portfolio in Amazon.com. The Australia-based fund Vgi Partners Pty Ltd is also positive about the stock, possessing 1.34 million shares or 14.42% of their fund’s portfolio.

Amazon.com (NDAQ:AMZN) Profile

Amazon Com IncAmazon.com, Inc. offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

Amazon.com (NDAQ:AMZN) traded up 1.73% on 13 September, hitting $999.6. A total of 3.33M shares of the company’s stock traded hands. This is up from average of 3.16M shares. Amazon.com has a 52 week low of $710.10 and a 52 week high of $1083.31. The company has a market cap of $480.19B and a P/E ratio of 252.22.

Get the latest Amazon.com (NDAQ:AMZN) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

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