Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating reiterated by analysts at Loop Capital in a research note issued to investors on Wednesday. They currently have a $1,100.00 target price on the e-commerce giant’s stock. Loop Capital’s target price would indicate a potential upside of 21.94% from the company’s previous close.

Several other analysts have also weighed in on AMZN. Canaccord Genuity reaffirmed a “buy” rating and issued a $875.00 price objective on shares of Amazon.com in a research note on Wednesday, December 21st. Wedbush reaffirmed an “outperform” rating and issued a $900.00 price objective on shares of Amazon.com in a research note on Wednesday, December 21st. Robert W. Baird reaffirmed an “outperform” rating and issued a $850.00 price objective on shares of Amazon.com in a research note on Wednesday, December 21st. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Amazon.com in a research note on Thursday, December 22nd. Finally, Zacks Investment Research lowered Amazon.com from a “hold” rating to a “sell” rating in a research note on Wednesday, December 28th. Five equities research analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $961.29.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

Amazon.com (NASDAQ:AMZN) opened at 902.06 on Wednesday. The company has a 50-day moving average of $871.22 and a 200-day moving average of $817.02. Amazon.com has a 12 month low of $599.20 and a 12 month high of $923.72. The company has a market cap of $430.44 billion, a price-to-earnings ratio of 184.09 and a beta of 1.40.



Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.19. The business had revenue of $43.74 billion for the quarter, compared to analyst estimates of $44.66 billion. Amazon.com had a return on equity of 13.87% and a net margin of 1.74%. Amazon.com’s revenue was up 22.4% compared to the same quarter last year. During the same period last year, the firm posted $1.00 earnings per share. Analysts predict that Amazon.com will post $7.24 EPS for the current year.

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In other news, insider David Zapolsky sold 503 shares of the company’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total value of $427,550.00. Following the completion of the transaction, the insider now directly owns 2,523 shares in the company, valued at approximately $2,144,550. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tom A. Alberg sold 590 shares of the company’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total value of $501,500.00. Following the completion of the transaction, the director now owns 22,525 shares of the company’s stock, valued at $19,146,250. The disclosure for this sale can be found here. 17.70% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of AMZN. Davidson & Garrard Inc. boosted its position in Amazon.com by 17.6% in the third quarter. Davidson & Garrard Inc. now owns 4,201 shares of the e-commerce giant’s stock worth $3,518,000 after buying an additional 628 shares during the last quarter. Bridgeworth LLC purchased a new position in Amazon.com during the fourth quarter worth about $390,000. united american securities inc. d b a uas asset management boosted its position in Amazon.com by 32.7% in the third quarter. united american securities inc. d b a uas asset management now owns 15,196 shares of the e-commerce giant’s stock worth $12,724,000 after buying an additional 3,746 shares during the last quarter. Cigna Investments Inc. New purchased a new position in Amazon.com during the fourth quarter worth about $11,707,000. Finally, Davis R M Inc. boosted its position in Amazon.com by 3.5% in the third quarter. Davis R M Inc. now owns 1,786 shares of the e-commerce giant’s stock worth $1,495,000 after buying an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 65.08% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.

5 Day Chart for NASDAQ:AMZN

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