Amazon.com Inc. (NASDAQ:AMZN)‘s stock had its “overweight” rating reiterated by research analysts at KeyCorp in a report issued on Wednesday. They currently have a $847.00 target price on the e-commerce giant’s stock. KeyCorp’s price objective indicates a potential upside of 1.55% from the stock’s previous close.

A number of other research firms also recently commented on AMZN. Vetr raised Amazon.com from a “hold” rating to a “buy” rating and set a $880.16 target price on the stock in a report on Thursday, October 6th. Zacks Investment Research raised Amazon.com from a “hold” rating to a “strong-buy” rating and set a $968.00 target price on the stock in a report on Friday, October 7th. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $900.00 target price on shares of Amazon.com in a report on Tuesday, October 4th. Deutsche Bank AG reaffirmed a “buy” rating and set a $985.00 target price on shares of Amazon.com in a report on Wednesday. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $825.00 target price on shares of Amazon.com in a report on Tuesday, October 4th. Five research analysts have rated the stock with a hold rating, forty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $891.31.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

Amazon.com (NASDAQ:AMZN) traded up 0.37% on Wednesday, hitting $834.09. The stock had a trading volume of 2,376,605 shares. Amazon.com has a 12-month low of $474.00 and a 12-month high of $847.21. The company has a market cap of $395.42 billion, a price-to-earnings ratio of 207.43 and a beta of 1.20. The company’s 50 day moving average price is $794.09 and its 200-day moving average price is $723.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.67. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. The firm earned $30.40 billion during the quarter, compared to analyst estimates of $29.54 billion. During the same quarter last year, the firm earned $0.19 EPS. Amazon.com’s quarterly revenue was up 31.1% on a year-over-year basis. Equities research analysts anticipate that Amazon.com will post $5.85 EPS for the current year.

In other Amazon.com news, CEO Andrew R. Jassy sold 14,000 shares of the business’s stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $800.00, for a total transaction of $11,200,000.00. Following the sale, the chief executive officer now owns 68,141 shares of the company’s stock, valued at $54,512,800. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the business’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $756.74, for a total transaction of $756,740,000.00. Following the sale, the chief executive officer now directly owns 81,871,067 shares in the company, valued at approximately $61,955,111,241.58. The disclosure for this sale can be found here. Company insiders own 17.70% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. LPL Financial LLC raised its position in shares of Amazon.com by 24.5% in the first quarter. LPL Financial LLC now owns 105,035 shares of the e-commerce giant’s stock worth $61,567,000 after buying an additional 20,700 shares during the period. Acadian Asset Management LLC raised its position in shares of Amazon.com by 9.0% in the second quarter. Acadian Asset Management LLC now owns 117,216 shares of the e-commerce giant’s stock worth $83,882,000 after buying an additional 9,640 shares during the period. Prudential PLC raised its position in shares of Amazon.com by 5.7% in the first quarter. Prudential PLC now owns 105,738 shares of the e-commerce giant’s stock worth $62,771,000 after buying an additional 5,657 shares during the period. Suvretta Capital Management LLC acquired a new position in shares of Amazon.com during the first quarter worth approximately $147,407,000. Finally, British Columbia Investment Management Corp raised its position in shares of Amazon.com by 1.3% in the second quarter. British Columbia Investment Management Corp now owns 204,723 shares of the e-commerce giant’s stock worth $146,504,000 after buying an additional 2,602 shares during the period. 65.44% of the stock is currently owned by hedge funds and other institutional investors.

About Amazon.com

Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).

5 Day Chart for NASDAQ:AMZN

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