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The stock of Amazon.com, Inc. (NASDAQ:AMZN) saw a one year high price at $776.00 on Friday. Shares ended up 0.24%. 2,181,792 shares were bought and sold and the stock hit a low of $771.70.
Shares closed at $772.44 barely above the 50 day moving average which is $758.45 and which is just over the 200 day moving average of $675.84. The 50 day moving average went up by +1.84% whereas the 200 day moving average was up $96.60 or +14.29%.
The most current P/E ratio is 192.10 and the market value is 366.19B. As of the latest earnings report the EPS was $4.02 and is projected to be $5.76 for the current year with 474,073,000 shares outstanding. Next quarter’s EPS is estimated at $2.12 with next year’s EPS projected to be $10.39.
Short traders are feeling a little more bullish on Amazon.com, Inc. recently as implied by the fall in short interest. The stock saw a fall in short interest from July 29, 2016 to August 15, 2016 of -0.06%. Short shares decreased from 4,581,434 to 4,317,961 over that period. The short-interest ratio increased to 1.7 and the percentage of shorted shares is 0.01% as of August 15.
A few brokerages have weighed in. July 29 investment analysts at JP Morgan left the stock rating at “Buy” but moved up the price target to $900.00 from $822.00. On July 29 Jefferies made no change to the company rating of “Buy” but raised the price target from $775.00 to $900.00.
July 29 investment analysts at Deutsche Bank held the company rating at “Buy” and raised the price target from $725.00 to $900.00. July 29 investment analysts at Citigroup maintained a stock rating of “Buy” and raised the price expectation to $900.00 from $811.00.
On July 29 JMP Securities kept the stock rating at “Buy” and moved up the price target from $740.00 to $900.00. On July 29 SunTrust Robinson Humphrey kept the company rating at “Buy” but raised the price expectation to $900.00 from $370.00.
Posted by , Published at September 07, 2016 and have
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