Shares of Amazon.com, Inc. (NASDAQ:AMZN) are trading up this morning, after the company released some interesting year-end numbers.
Amazon.com, Inc. (NASDAQ:AMZN) sellers sold more than 23 million items on Cyber Monday alone, and for the year 2015, Amazon fulfilled over 1 billion items which were ordered online, worldwide. The “Fulfillment by Amazon” service really took off in 2015, with the service growing an incredible 50 percent, year-over-year. Over 100 different countries sold products using the Amazon.com, Inc. (NASDAQ:AMZN) fulfillment service.
For the holiday season alone, the company said that their items shipped grew by over 60 percent from the previous year, and “Sponsored Product” clicks in the United States grew by 200 percent, bringing in even more revenue for Amazon.com, Inc. (NASDAQ:AMZN).The stock closed at $636.99 during the last trading session. It is up 47.82% since June 1, 2015 and is uptrending. It has outperformed the S&P500 by 49.95%.
From a total of 26 analysts covering Amazon.com (NASDAQ:AMZN) stock, 23 rate it a “Buy”, 0 a “Sell”, and 3 a “Hold”. This means that 88% of the ratings are positive. The highest target price is $850 while the lowest target price is $525. The mean of all analyst targets is $726.35 which is 14.03% above today’s ($636.99) stock price. Amazon.com was the topic of 60 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Axiom Capital maintained shares on December 28 with a “Buy” rating. Barclays Capital maintained shares with a”Overweight” rating and a $850 target share price in their report from a December 1. M Partners initiated AMZN stock in a recent report from December 15 with a “Buy” rating. Canaccord Genuity maintained the rating on October 23. Canaccord Genuity has a “Hold” rating and a $600 price target on shares. Finally, Pacific Crest initiated the stock with a “Overweight” rating in a report they issued on a December 8.
The institutional sentiment increased to 1.49 in Q2 2015. It’s up 0.37, from 1.12 in 2015Q2. The ratio is positive, as 67 funds sold all their Amazon.com, Inc. shares they owned while 376 reduced their positions. 166 funds bought stakes while 493 increased their total positions. Institutions now own 325.29 million shares which is 4.94% more than the previous share count of 309.99 million in 2015Q2.
Huntington Steele Llc holds 23.61% of its total portfolio in Amazon.com, Inc., equating to 103,872 shares. Tiger Global Management Llc owns 3.19 million shares representing 20.13% of their total US portfolio. Moreover, Tybourne Capital Management Hk Ltd has 18.16% of their total portfolio invested in the company, equating to 504,001 shares. The Washington-based Brighton Jones Llc has a total of 17.93% of their portfolio invested in the stock. Telemark Asset Management Llc, a Massachusetts-based fund reported 100,000 shares owned.
Since May 4, 2015, the stock had 0 buys, and 11 selling transactions for a total of $27.04 million in net activity. Stonesifer Patricia Q sold 6,250 shares worth $3.16 million. Wilke Jeffrey A sold 5,908 shares worth $3.16 million. Reynolds Shelley sold 720 shares worth $381,752. Olsavsky Brian T sold 2,098 shares worth $1.11 million. The insider Zapolsky David sold 2,322 shares worth $1.23 million.
Amazon.com, Inc. is an e-commerce company. The company has a market cap of $298.60 billion. The Firm sells a range of services and products through its Websites. It has 924.03 P/E ratio. The Company’s products are offered through consumer-facing Websites, which include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.