Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating reissued by equities researchers at Royal Bank Of Canada in a note issued to investors on Wednesday. They currently have a $1,100.00 target price on the e-commerce giant’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 15.30% from the stock’s previous close.

A number of other equities analysts also recently commented on AMZN. UBS AG reiterated a “buy” rating and set a $1,100.00 target price on shares of Amazon.com in a research note on Wednesday, June 21st. Cowen and Company reiterated an “outperform” rating and set a $1,125.00 target price on shares of Amazon.com in a research note on Thursday, August 10th. Goldman Sachs Group, Inc. (The) reiterated a “conviction-buy” rating and set a $1,275.00 target price on shares of Amazon.com in a research note on Wednesday, August 9th. Piper Jaffray Companies reiterated an “overweight” rating and set a $1,200.00 target price on shares of Amazon.com in a research note on Thursday, August 10th. Finally, Independent Research GmbH reiterated a “buy” rating on shares of Amazon.com in a research note on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the stock. Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $1,080.08.

Amazon.com (NASDAQ AMZN) traded up 1.50% during midday trading on Wednesday, hitting $968.40. The company had a trading volume of 1,961,609 shares. The stock has a 50 day moving average price of $993.73 and a 200 day moving average price of $935.81. Amazon.com has a 52 week low of $710.10 and a 52 week high of $1,083.31. The company has a market capitalization of $465.20 billion, a P/E ratio of 246.29 and a beta of 1.48.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by $1.00. The firm had revenue of $37.96 billion for the quarter, compared to analyst estimates of $37.18 billion. Amazon.com had a return on equity of 3.52% and a net margin of 0.52%. The business’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.78 EPS. Equities analysts forecast that Amazon.com will post $3.82 earnings per share for the current fiscal year.

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In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,800 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $955.20, for a total transaction of $2,674,560.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $9,552,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $1,011.06, for a total transaction of $2,022,120.00. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $10,110,600. The disclosure for this sale can be found here. Insiders have sold a total of 14,463 shares of company stock valued at $14,294,906 over the last three months. 17.70% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of AMZN. OLD Second National Bank of Aurora raised its position in Amazon.com by 15.0% in the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock worth $102,000 after buying an additional 15 shares during the last quarter. Vestor Capital LLC raised its position in Amazon.com by 10.1% in the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after buying an additional 10 shares during the last quarter. Clear Investment Research LLC raised its position in Amazon.com by 73,100.0% in the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock worth $107,000 after buying an additional 731 shares during the last quarter. WealthTrust Arizona LLC raised its position in Amazon.com by 2.7% in the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock worth $110,000 after buying an additional 3 shares during the last quarter. Finally, LeJeune Puetz Investment Counsel LLC purchased a new position in Amazon.com during the second quarter worth about $116,000. 60.79% of the stock is owned by hedge funds and other institutional investors.

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 Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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