Royal Bank Of Canada set a $1,100.00 target price on Amazon.com, Inc. (NASDAQ:AMZN) in a research report released on Monday. The firm currently has a buy rating on the e-commerce giant’s stock.

Other equities analysts also recently issued research reports about the company. Instinet reiterated a buy rating on shares of Amazon.com in a research report on Friday, June 2nd. Jefferies Group LLC reiterated a buy rating and issued a $1,150.00 price objective on shares of Amazon.com in a research report on Thursday, June 1st. Oppenheimer Holdings, Inc. reiterated a buy rating on shares of Amazon.com in a research report on Monday, May 29th. Loop Capital reiterated a buy rating and issued a $1,100.00 price objective on shares of Amazon.com in a research report on Friday, May 19th. Finally, Aegis reiterated a buy rating on shares of Amazon.com in a research report on Monday, May 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, forty-six have issued a buy rating and two have 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 $1,092.58.

Amazon.com (NASDAQ:AMZN) opened at 977.96 on Monday. The company has a market capitalization of $469.79 billion, a P/E ratio of 248.72 and a beta of 1.47. Amazon.com has a 52 week low of $710.10 and a 52 week high of $1,083.31. The company’s 50-day moving average price is $981.92 and its 200-day moving average price is $946.48.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by $1.00. The company had revenue of $37.96 billion for the quarter, compared to the consensus estimate of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. Amazon.com’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.78 EPS. On average, equities analysts forecast that Amazon.com will post $3.99 EPS for the current fiscal year.

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In other Amazon.com news, CEO Jeffrey A. Wilke sold 710 shares of the business’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $985.25, for a total value of $699,527.50. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $9,852,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total transaction of $2,674,560.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $9,552,000. The disclosure for this sale can be found here. Insiders sold 9,793 shares of company stock valued at $9,574,377 over the last quarter. 17.70% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of AMZN. Harbour Capital Advisors LLC lifted its stake in Amazon.com by 100,947.5% in the second quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock worth $2,379,000 after purchasing an additional 2,300,593 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Amazon.com by 1,045.8% in the second quarter. Janus Henderson Group PLC now owns 1,775,556 shares of the e-commerce giant’s stock worth $1,718,711,000 after purchasing an additional 1,620,588 shares during the last quarter. Vanguard Group Inc. lifted its stake in Amazon.com by 2.9% in the second quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock worth $26,003,758,000 after purchasing an additional 764,115 shares during the last quarter. BlackRock Inc. lifted its stake in Amazon.com by 2.4% in the second quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock worth $23,160,193,000 after purchasing an additional 554,990 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Amazon.com by 125.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 822,827 shares of the e-commerce giant’s stock worth $796,497,000 after purchasing an additional 457,300 shares during the last quarter. 60.80% of the stock is owned by institutional investors and hedge funds.

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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