Fintel reports that on April 17, 2024, Maxim Group initiated coverage of Amazon.com (NasdaqGS:AMZN) with a Buy recommendation.
Analyst Price Forecast Suggests 18.22% Upside
As of April 17, 2024, the average one-year price target for Amazon.com is 214.26. The forecasts range from a low of 159.58 to a high of $249.90. The average price target represents an increase of 18.22% from its latest reported closing price of 181.23.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Amazon.com is 658,399MM, an increase of 14.55%. The projected annual non-GAAP EPS is 3.18.
What is the Fund Sentiment?
There are 6564 funds or institutions reporting positions in Amazon.com. This is an increase of 361 owner(s) or 5.82% in the last quarter. Average portfolio weight of all funds dedicated to AMZN is 2.30%, an increase of 3.63%. Total shares owned by institutions increased in the last three months by 2.48% to 7,125,281K shares. 
The put/call ratio of AMZN is 0.93, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 291,922K shares representing 2.81% ownership of the company. In it's prior filing, the firm reported owning 289,148K shares, representing an increase of 0.95%. The firm increased its portfolio allocation in AMZN by 7.84% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 222,148K shares representing 2.14% ownership of the company. In it's prior filing, the firm reported owning 218,189K shares, representing an increase of 1.78%. The firm increased its portfolio allocation in AMZN by 7.49% over the last quarter.
Price T Rowe Associates holds 192,440K shares representing 1.85% ownership of the company. In it's prior filing, the firm reported owning 207,780K shares, representing a decrease of 7.97%. The firm increased its portfolio allocation in AMZN by 1.50% over the last quarter.
Geode Capital Management holds 180,839K shares representing 1.74% ownership of the company. In it's prior filing, the firm reported owning 176,207K shares, representing an increase of 2.56%. The firm increased its portfolio allocation in AMZN by 7.69% over the last quarter.
Jpmorgan Chase holds 164,160K shares representing 1.58% ownership of the company. In it's prior filing, the firm reported owning 157,129K shares, representing an increase of 4.28%. The firm increased its portfolio allocation in AMZN by 8.74% over the last quarter.
Amazon.com Background Information
(This description is provided by the company.)
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
