Amazon.com (NASDAQ:AMZN): Credit Suisse Maintains “Outperform” Rating Today, Has a Target of $1800/Share

April 21, 2018 - By simple simple

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

Investors sentiment increased to 1.29 in Q4 2017. Its up 0.03, from 1.26 in 2017Q3. It improved, as 69 investors sold Amazon.com, Inc. shares while 578 reduced holdings. 168 funds opened positions while 667 raised stakes. 280.02 million shares or 0.09% more from 279.77 million shares in 2017Q3 were reported.

Ontario Teachers Pension Plan Board holds 39,453 shares or 0.57% of its portfolio. Quantbot Tech L P invested in 0.11% or 1,025 shares. Boston Private Wealth Ltd Com reported 26,378 shares. Argent Trust Co, Tennessee-based fund reported 993 shares. Weybosset Rech & Mngmt Lc has invested 0.29% in Amazon.com, Inc. (NASDAQ:AMZN). Essex Invest Management Ltd Llc holds 2.37% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN) for 15,360 shares. Northstar Asset Ltd Com invested in 0.09% or 180 shares. Ing Groep Nv owns 101,448 shares for 1.98% of their portfolio. Legal And General Group Plc invested in 1.80M shares or 1.52% of the stock. The United Kingdom-based Pictet Asset Management has invested 1.03% in Amazon.com, Inc. (NASDAQ:AMZN). South Texas Money Limited has invested 0.11% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Mairs And Pwr Inc reported 0.01% stake. West Oak Ltd invested 0.97% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Tortoise Investment Mgmt Ltd Liability Company has 506 shares for 0.17% of their portfolio. Qci Asset Mgmt invested 2.14% in Amazon.com, Inc. (NASDAQ:AMZN).

Since December 7, 2017, it had 0 insider buys, and 13 selling transactions for $45.88 million activity. Another trade for 544 shares valued at $795,502 was made by Reynolds Shelley on Thursday, February 15. Zapolsky David sold $3.24M worth of stock. Jassy Andrew R sold $2.90 million worth of stock or 1,985 shares. ALBERG TOM A sold 2,285 shares worth $3.35M. Shares for $3.42M were sold by Olsavsky Brian T. The insider Blackburn Jeffrey M sold 12,666 shares worth $18.50 million.

Amazon.com (NASDAQ:AMZN) Rating Reaffirmed

Credit Suisse now has a $1800 PT on shares of Amazon.com (NASDAQ:AMZN). The PT suggests a potential upside of 17.84 % from the last stock close of Amazon.com (NASDAQ:AMZN). This rating was released in analysts note on Friday, 20 April.

Investors sentiment increased to 1.29 in Q4 2017. Its up 0.03, from 1.26 in 2017Q3. It improved, as 69 investors sold Amazon.com, Inc. shares while 578 reduced holdings. 168 funds opened positions while 667 raised stakes. 280.02 million shares or 0.09% more from 279.77 million shares in 2017Q3 were reported.

Ontario Teachers Pension Plan Board holds 39,453 shares or 0.57% of its portfolio. Quantbot Tech L P invested in 0.11% or 1,025 shares. Boston Private Wealth Ltd Com reported 26,378 shares. Argent Trust Co, Tennessee-based fund reported 993 shares. Weybosset Rech & Mngmt Lc has invested 0.29% in Amazon.com, Inc. (NASDAQ:AMZN). Essex Invest Management Ltd Llc holds 2.37% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN) for 15,360 shares. Northstar Asset Ltd Com invested in 0.09% or 180 shares. Ing Groep Nv owns 101,448 shares for 1.98% of their portfolio. Legal And General Group Plc invested in 1.80M shares or 1.52% of the stock. The United Kingdom-based Pictet Asset Management has invested 1.03% in Amazon.com, Inc. (NASDAQ:AMZN). South Texas Money Limited has invested 0.11% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Mairs And Pwr Inc reported 0.01% stake. West Oak Ltd invested 0.97% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Tortoise Investment Mgmt Ltd Liability Company has 506 shares for 0.17% of their portfolio. Qci Asset Mgmt invested 2.14% in Amazon.com, Inc. (NASDAQ:AMZN).

Since December 7, 2017, it had 0 insider buys, and 13 selling transactions for $45.88 million activity. Another trade for 544 shares valued at $795,502 was made by Reynolds Shelley on Thursday, February 15. Zapolsky David sold $3.24M worth of stock. Jassy Andrew R sold $2.90 million worth of stock or 1,985 shares. ALBERG TOM A sold 2,285 shares worth $3.35M. Shares for $3.42M were sold by Olsavsky Brian T. The insider Blackburn Jeffrey M sold 12,666 shares worth $18.50 million.

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

Among 39 analysts covering Amazon (NASDAQ:AMZN), 38 have Buy rating, 0 Sell and 1 Hold. Therefore 97% are positive. Amazon has $2000.0 highest and $1100.0 lowest target. $1651.83’s average target is 8.14% above currents $1527.49 stock price. Amazon had 76 analyst reports since October 23, 2017 according to SRatingsIntel. As per Monday, November 20, the company rating was maintained by Nomura. The firm has “Outperform” rating by Credit Suisse given on Friday, February 2. The firm earned “Hold” rating on Thursday, April 5 by Stifel Nicolaus. Morgan Stanley maintained the stock with “Overweight” rating in Friday, January 26 report. Loop Capital maintained the shares of AMZN in report on Friday, October 27 with “Buy” rating. The rating was maintained by Evercore on Friday, March 9 with “Buy”. GBH Insights maintained the stock with “Buy” rating in Thursday, January 25 report. The rating was maintained by William Blair with “Buy” on Monday, December 4. On Wednesday, January 3 the stock rating was maintained by Cowen & Co with “Buy”. The rating was maintained by UBS on Friday, October 27 with “Buy”.

The stock decreased 1.89% or $29.42 during the last trading session, reaching $1527.49. About 5.28M shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 76.78% since April 21, 2017 and is uptrending. It has outperformed by 65.23% the S&P500.

Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on April, 26 after the close. They expect $1.19 EPS, down 19.59 % or $0.29 from last year’s $1.48 per share. AMZN’s profit will be $576.09M for 320.90 P/E if the $1.19 EPS becomes a reality. After $2.16 actual EPS reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts -44.91 % 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 $739.47 billion. It operates through the North America, International, and Amazon Web Services divisions. It has a 248.37 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.

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

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