Credit Suisse Group's target price indicates a potential upside of 14.46% from the company's current price.
Other large investors have also made changes to their positions in the company. During the quarter, it started adding one- and two-hour delivery from its newly acquired Whole Foods Market grocery stores in a handful of markets, as well as gearing up for the launches this week of Echo devices for children and the ability to deliver to customers' cars. Goldman Sachs reiterated its buy rating for AMZN and boosted its price target for Amazon stock to $2,000 from $1,825.
Among the bulls, Macquarie's Ben Schachter lifted his 12-month price target to $2,100, reflecting an approximate 40% upside from AMZN's price of $1,5171.96 at Thursday close. In 2014, the cost of the subscription was increased to US$99. Two research analysts have rated the stock with a hold rating, fifty-one have given a buy rating and one has assigned a strong buy rating to the company's stock. $1739.97's average target is 10.64% above currents $1572.62 stock price. The numbers boosted its shares as the company registered 43% growth in net sales at $51 billion for the three months ending March.
Shares of Amazon jumped to an all-time high of $1,638.10 following its stellar earnings report Friday, fueled by earnings more than double what Wall Street had expected. Analysts with Wedbush Securities estimate that Amazon will spend $6 billion on video content in 2018. The business's quarterly revenue was up 42.9% on a year-over-year basis.
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Amazon shares soared as much as 7.9 percent in early trading Friday, briefly surpassing its all-time high of $1,617.54.
In other Amazon.com news, VP Shelley Reynolds sold 544 shares of the business's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $1,577.85, for a total value of $788,925.00. Must also share payment method. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,214 shares of company stock valued at $9,251,120.
A number of brokerages have weighed in on AMZN. Bessemer Group Inc. owned approximately 0.10% of Amazon.com worth $545,049,000 as of its most recent filing with the SEC. Portfolio Solutions LLC purchased a new stake in shares of Amazon.com in the 4th quarter worth approximately $119,000. Chemical Bank now owns 3,856 shares of the e-commerce giant's stock valued at $4,509,000 after acquiring an additional 182 shares during the last quarter.
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