Amazon.com Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating restated by equities research analysts at Evercore ISI in a report released on Monday. They presently have a $990.00 target price on the e-commerce giant’s stock. Evercore ISI’s price objective suggests a potential upside of 26.86% from the stock’s current price.

AMZN has been the topic of a number of other research reports. Vetr raised Amazon.com from a “hold” rating to a “buy” rating and set a $880.16 price objective 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. Canaccord Genuity reaffirmed a “buy” rating and issued a $900.00 target price (up previously from $825.00) on shares of Amazon.com in a report on Monday, October 24th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $1,000.00 target price on shares of Amazon.com in a report on Monday, October 24th. Finally, Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $900.00 target price on shares of Amazon.com in a report on Tuesday, October 4th. Six research analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $911.75.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

Shares of Amazon.com (NASDAQ:AMZN) opened at 780.37 on Monday. Amazon.com has a 52-week low of $474.00 and a 52-week high of $847.21. The firm has a market capitalization of $370.81 billion, a price-to-earnings ratio of 178.78 and a beta of 1.51. The company’s 50 day moving average price is $791.62 and its 200 day moving average price is $760.15.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.80 by $0.28. Amazon.com had a return on equity of 13.47% and a net margin of 1.64%. The firm had revenue of $32.71 billion for the quarter, compared to analysts’ expectations of $32.69 billion. During the same period last year, the business earned $0.17 earnings per share. The firm’s revenue for the quarter was up 29.0% on a year-over-year basis. Analysts forecast that Amazon.com will post $4.78 earnings per share for the current year.

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In other 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 completion of the transaction, the chief executive officer now directly owns 68,141 shares in the company, valued at approximately $54,512,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 17.70% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Reilly Financial Advisors LLC raised its position in Amazon.com by 0.4% in the third quarter. Reilly Financial Advisors LLC now owns 278 shares of the e-commerce giant’s stock worth $233,000 after buying an additional 1 shares during the period. Cornerstone Advisors Inc. raised its position in shares of Amazon.com by 0.4% in the second quarter. Cornerstone Advisors Inc. now owns 558 shares of the e-commerce giant’s stock valued at $399,000 after buying an additional 2 shares during the period. Cadence Bank NA raised its position in shares of Amazon.com by 0.4% in the second quarter. Cadence Bank NA now owns 497 shares of the e-commerce giant’s stock valued at $355,000 after buying an additional 2 shares during the period. American Economic Planning Group Inc. ADV raised its position in shares of Amazon.com by 0.6% in the second quarter. American Economic Planning Group Inc. ADV now owns 365 shares of the e-commerce giant’s stock valued at $261,000 after buying an additional 2 shares during the period. Finally, Affinity Wealth Management raised its position in shares of Amazon.com by 0.5% in the third quarter. Affinity Wealth Management now owns 578 shares of the e-commerce giant’s stock valued at $484,000 after buying an additional 3 shares during the period. Hedge funds and other institutional investors own 64.77% of the company’s stock.

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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