What Can Investors Expect From Amazon.com (NASDAQ:AMZN) Shares After Pacific Crest’s New Coverage?


How Pacific Crest Currently Rates Amazon.com (NASDAQ:AMZN)

Pacific Crest initiated coverage on Amazon.com (NASDAQ:AMZN) shares recently in a comprehensive report issued to clients on 8 December. The firm has decided to place a Overweight rating on AMZN stock.

From a total of 39 analysts covering Amazon.com (NASDAQ:AMZN) stock, 36 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 88% of the ratings are positive. The highest target price is $850 while the lowest target price is $490. The mean of all analyst targets is $732.54 with a 5.51% above today’s ($677.33) stock price. Amazon.com was the topic of 56 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Pacific Crest initiated shares on December 8 with “Overweight” rating. Canaccord Genuity maintained shares with “Hold” rating and $600 target share price in a report from an October 23. Morgan Stanley maintained AMZN stock in a recent report from November 11 with “Overweight” rating. Benchmark maintained the rating on October 23. Benchmark has a “Buy” rating and a $700 price target on shares. Finally, UBS maintained the stock with “Buy” rating in a report issued on an October 23.

The stock increased 1.12% or $7.5 during the last trading session, striking $677.33. Approximately shares of stock traded hands. Amazon.com, Inc. (NASDAQ:AMZN) has risen 61.62% since May 6, 2015 and is uptrending. It has outperformed by 62.41% the S&P500.

The overall sentiment of institutions has increased to 1.49 in Q2 2015. Its up 0.37, from 1.12 in 2015Q2. The ratio improved, as 67 institutions have sold all the shares of Amazon.com, Inc. that they owned while 376 funds have taken shares off the table. 166 funds have purchased shares for the first time while 493 added to their positions. These institutions now hold 325.29 million shares or 4.94% more than the 309.99 million shares they owned in 2015Q2.

The Fund Huntington Steele Llc currently is holding shares equating to 23.61% of its total portfolio in Amazon.com, Inc. representing a total of 103,872 shares. Another fund,Tiger Global Management Llc, is holding a total of 3.19 million shares equating to 20.13% of their holdings. Additionally, Tybourne Capital Management Hk Ltd has a 504,001 share stake in Amazon.com, Inc. which represents 18.16% of their total portfolio. The Fund, Brighton Jones Llc, based out of Washington, has also built up a stake in the stock, which represents a total of 17.93% of their total portfolio. Finally Telemark Asset Management Llc, a fund which is based in the state of Massachusetts reported a total holdings of 100,000 shares.

Insider activity is a very important aspect to track on any stock. Going back to May 4, 2015, shareholders of Amazon.com, Inc. have witnessed 0 buys, and a total of 12 selling transactions equating to a net activity of approximately $27.25 million . Stonesifer Patricia Q sold 6,250 shares worth approximately $3.16M. Wilke Jeffrey A sold 5,908 shares worth approximately $3.16M. Reynolds Shelley sold 720 shares worth approximately $381,752. Olsavsky Brian T sold 2,098 shares worth approximately $1.11M. The company 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 $313.99 billion. The Firm sells a range of services and products through its Websites. It has 982.55 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.

According to Zacks Investment Research, “Amazon.com, Inc. seeks to be the world’s most customer-centric company, where customers can find and discover anything they may want to buy online. The company lists unique items in categories such as books, music, DVDs, videos, consumer electronics, toys, camera and photo items, software, computer and video games, tools and hardware, lawn and patio items, kitchen products, and wireless products.” Get a free copy of the Zacks research report on Amazon.com, Inc. (AMZN).