Robert W. Baird reiterated their outperform rating on shares of Amazon.com Inc. (NASDAQ:AMZN) in a research report released on Tuesday.

A number of other brokerages have also issued reports on AMZN. Vetr raised shares of Amazon.com from a hold rating to a buy rating and set a $880.16 target price for the company in a research note on Thursday, October 6th. Zacks Investment Research raised shares of Amazon.com from a hold rating to a strong-buy rating and set a $968.00 target price for the company in a research note on Friday, October 7th. Piper Jaffray Cos. reissued an overweight rating and set a $900.00 target price on shares of Amazon.com in a research note on Tuesday, October 4th. Deutsche Bank AG reissued a buy rating and set a $985.00 target price on shares of Amazon.com in a research note on Wednesday, October 12th. Finally, KeyCorp reissued an overweight rating and set a $847.00 target price on shares of Amazon.com in a research note on Wednesday, October 12th. Five research analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Buy and an average target price of $897.87.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

Amazon.com (NASDAQ:AMZN) traded up 0.31% during mid-day trading on Tuesday, reaching $820.16. 238,330 shares of the company’s stock were exchanged. Amazon.com has a one year low of $474.00 and a one year high of $847.21. The firm has a market capitalization of $388.82 billion, a P/E ratio of 203.97 and a beta of 1.20. The company’s 50-day moving average is $802.60 and its 200 day moving average is $731.43.

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

In other news, VP Shelley Reynolds sold 625 shares of Amazon.com stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $770.10, for a total value of $481,312.50. Following the transaction, the vice president now directly owns 6,519 shares in the company, valued at $5,020,281.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 14,000 shares of Amazon.com stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $800.00, for a total value of $11,200,000.00. Following the completion of the transaction, the chief executive officer now owns 68,141 shares in the company, valued at $54,512,800. The disclosure for this sale can be found here. 17.70% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of AMZN. BlackRock Group LTD raised its position in Amazon.com by 1.5% in the first quarter. BlackRock Group LTD now owns 3,018,330 shares of the e-commerce giant’s stock worth $1,791,801,000 after buying an additional 45,684 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Amazon.com by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 9,968,586 shares of the e-commerce giant’s stock worth $5,917,751,000 after buying an additional 156,823 shares during the period. BlackRock Japan Co. Ltd increased its stake in Amazon.com by 2.6% in the first quarter. BlackRock Japan Co. Ltd now owns 528,525 shares of the e-commerce giant’s stock worth $313,754,000 after buying an additional 13,178 shares during the period. Sentry Investment Management LLC increased its stake in Amazon.com by 0.4% in the first quarter. Sentry Investment Management LLC now owns 29,734 shares of the e-commerce giant’s stock worth $17,651,000 after buying an additional 119 shares during the period. Finally, Peapack Gladstone Financial Corp increased its stake in Amazon.com by 0.8% in the first quarter. Peapack Gladstone Financial Corp now owns 6,829 shares of the e-commerce giant’s stock worth $4,054,000 after buying an additional 53 shares during the period. Institutional investors and hedge funds own 65.47% of the company’s stock.

Amazon.com Company Profile

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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