Amazon (NASDAQ:AMZN) Rating Kept
In analysts note shared with investors and clients on Friday, 12 January, Amazon (NASDAQ:AMZN) stock had its “Buy” Rating reiterated by equity research analysts at SunTrust. They currently have a $1400.0 target on firm. SunTrust’s target suggests a potential upside of 26.66 % from the company’s stock close price.
NASDAQ:AMZN is at the moment trading 0.12% higher at $1197.21 as of 8:04 AM New York time. Amazon’s stock is 0% in the last 200 days. It has underperformed the S&P 500, which has surged 6.00% in the same time.
Out of 40 analysts covering Amazon, 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 32.93% over the current price.
Trb Advisors Lp had the most significant stake with ownership of 5,000 shares as of Q2 2015 for 27.97% of the US equity exposure. Huntington Steele Llc is another quite bullish investment manager who is owning 83,809 shares of Amazon or 23.57% of their US equity exposure. Moreover, Tybourne Capital Management Hk Ltd have 16.49% of their US equity exposure invested in the company for 394,903 shares. The New York-based fund Tiger Global Management Llc revealed it had acquired a stake worth about 16.2% of the investment manager’s stock portfolio in Amazon. The Australia-based fund Vgi Partners Pty Ltd is also positive about the stock, possessing 1.34 million shares or 14.42% of their US equity exposure.
Amazon (NASDAQ:AMZN) Profile
Amazon.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 (NASDAQ:AMZN) traded up 0.12% on 12 January, hitting $1197.21. A total of 1.40M shares of the company’s stock traded hands. This is down from average of 3.76M shares. Amazon has a 52 week low of $736.70 and a 52 week high of $1213.41. The company has a market cap of $576.90B and a P/E ratio of 302.19.
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