Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating restated by Canaccord Genuity in a research report issued on Wednesday. They presently have a $1,200.00 price objective on the e-commerce giant’s stock. Canaccord Genuity’s price target would suggest a potential upside of 20.60% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. UBS AG reiterated a “buy” rating and issued a $1,100.00 target price on shares of Amazon.com in a report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) reiterated a “conviction-buy” rating and issued a $1,275.00 target price on shares of Amazon.com in a report on Wednesday, August 9th. Cowen and Company reiterated an “outperform” rating and issued a $1,125.00 target price on shares of Amazon.com in a report on Thursday, August 10th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $1,200.00 target price on shares of Amazon.com in a report on Thursday, August 10th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and issued a $1,190.00 target price on shares of Amazon.com in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, forty-eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $1,115.21.

Shares of Amazon.com (AMZN) traded up 0.79% on Wednesday, hitting $995.00. 2,336,040 shares of the company were exchanged. The firm’s 50-day moving average is $968.03 and its 200-day moving average is $965.03. The stock has a market capitalization of $477.98 billion, a PE ratio of 253.05 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.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($1.00). The business 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 9.38% and a net margin of 1.28%. The business’s revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.78 earnings per share. Equities research analysts predict that Amazon.com will post $3.59 earnings per share for the current year.

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In other Amazon.com news, VP Shelley Reynolds sold 544 shares of Amazon.com stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $986.52, for a total transaction of $536,666.88. Following the transaction, the vice president now directly owns 6,533 shares of the company’s stock, valued at $6,444,935.16. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jeffrey A. Wilke sold 710 shares of Amazon.com stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $987.39, for a total transaction of $701,046.90. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $9,873,900. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,083 shares of company stock worth $8,874,850. 17.70% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. Crow Point Partners LLC lifted its position in Amazon.com by 288.6% during the third quarter. Crow Point Partners LLC now owns 171 shares of the e-commerce giant’s stock valued at $164,000 after buying an additional 127 shares in the last quarter. Fulton Bank N.A. lifted its position in Amazon.com by 32.0% during the third quarter. Fulton Bank N.A. now owns 4,069 shares of the e-commerce giant’s stock valued at $3,912,000 after buying an additional 987 shares in the last quarter. Private Asset Management Inc. lifted its position in Amazon.com by 9.1% during the third quarter. Private Asset Management Inc. now owns 4,395 shares of the e-commerce giant’s stock valued at $4,395,000 after buying an additional 368 shares in the last quarter. McQueen Ball & Associates Inc. lifted its position in Amazon.com by 26.6% during the third quarter. McQueen Ball & Associates Inc. now owns 448 shares of the e-commerce giant’s stock valued at $431,000 after buying an additional 94 shares in the last quarter. Finally, Eqis Capital Management Inc. lifted its position in Amazon.com by 168.8% during the third quarter. Eqis Capital Management Inc. now owns 2,734 shares of the e-commerce giant’s stock valued at $2,628,000 after buying an additional 1,717 shares in the last quarter. 60.77% of the stock is currently 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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