Telsey Advisory Group Maintains Amazon.com (AMZN) Outperform Recommendation
Fintel reports that on July 12, 2023, Telsey Advisory Group maintained coverage of Amazon.com (NASDAQ:AMZN) with a Outperform recommendation.
Analyst Price Forecast Suggests 11.09% Upside
As of July 5, 2023, the average one-year price target for Amazon.com is 143.06. The forecasts range from a low of 90.90 to a high of $189.00. The average price target represents an increase of 11.09% from its latest reported closing price of 128.78.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Amazon.com is 575,744MM, an increase of 9.69%. The projected annual non-GAAP EPS is 1.72.
What is the Fund Sentiment?
There are 5960 funds or institutions reporting positions in Amazon.com. This is an increase of 35 owner(s) or 0.59% in the last quarter. Average portfolio weight of all funds dedicated to AMZN is 1.89%, an increase of 38.97%. Total shares owned by institutions decreased in the last three months by 1.62% to 6,636,600K shares. 
The put/call ratio of AMZN is 0.77, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 269,629K shares representing 2.63% ownership of the company. In it's prior filing, the firm reported owning 263,585K shares, representing an increase of 2.24%. The firm increased its portfolio allocation in AMZN by 16.15% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 208,025K shares representing 2.03% ownership of the company. In it's prior filing, the firm reported owning 205,175K shares, representing an increase of 1.37%. The firm increased its portfolio allocation in AMZN by 15.62% over the last quarter.
Price T Rowe Associates holds 189,282K shares representing 1.84% ownership of the company. In it's prior filing, the firm reported owning 218,514K shares, representing a decrease of 15.44%. The firm decreased its portfolio allocation in AMZN by 0.88% over the last quarter.
Geode Capital Management holds 165,309K shares representing 1.61% ownership of the company. In it's prior filing, the firm reported owning 161,535K shares, representing an increase of 2.28%. The firm increased its portfolio allocation in AMZN by 16.38% over the last quarter.
Jpmorgan Chase holds 134,757K shares representing 1.31% ownership of the company. In it's prior filing, the firm reported owning 114,501K shares, representing an increase of 15.03%. The firm increased its portfolio allocation in AMZN by 33.73% 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.
Additional reading:
- AMAZON.COM ANNOUNCES FIRST QUARTER RESULTS
- Non-GAAP Financial Measures
- 1997 LETTER TO SHAREHOLDERS (Reprinted from the 1997 Annual Report)
- List of Significant Subsidiaries.
- Statement of Eligibility of Trustee in Respect of Senior Indenture.
This story originally appeared on Fintel.