Investment analysts at Evercore ISI initiated coverage on shares of Amazon.com (NASDAQ:AMZN) in a report released on Tuesday, The Fly reports. The brokerage set an “outperform” rating on the e-commerce giant’s stock.

Other analysts have also recently issued research reports about the stock. Canaccord Genuity reissued a “buy” rating and issued a $1,200.00 target price on shares of Amazon.com in a research note on Wednesday, October 11th. Wedbush set a $1,250.00 target price on shares of Amazon.com and gave the company a “buy” rating in a research note on Monday, October 23rd. Royal Bank Of Canada set a $1,100.00 target price on shares of Amazon.com and gave the company a “buy” rating in a research note on Monday, September 11th. Morgan Stanley reissued a “buy” rating and issued a $1,150.00 target price on shares of Amazon.com in a research note on Tuesday, October 10th. Finally, Atlantic Securities reissued a “buy” rating on shares of Amazon.com in a research note on Friday, October 27th. Four investment analysts have rated the stock with a hold rating and fifty have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $1,210.68.

Amazon.com (NASDAQ AMZN) traded up $7.62 during trading hours on Tuesday, hitting $1,141.57. 4,077,253 shares of the stock traded hands, compared to its average volume of 3,586,715. Amazon.com has a one year low of $747.70 and a one year high of $1,213.41. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03. The company has a market cap of $557,310.00, a P/E ratio of 295.01, a price-to-earnings-growth ratio of 14.56 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.57). Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The company had revenue of $43.74 billion for the quarter, compared to the consensus estimate of $42.26 billion. During the same quarter in the previous year, the firm posted $0.52 EPS. The business’s revenue for the quarter was up 33.7% compared to the same quarter last year. research analysts forecast that Amazon.com will post 4.24 EPS for the current fiscal year.

In other news, Director Tom A. Alberg sold 1,860 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $1,109.20, for a total transaction of $2,063,112.00. Following the transaction, the director now directly owns 18,460 shares in the company, valued at $20,475,832. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey P. Bezos sold 391,110 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the transaction, the chief executive officer now owns 79,891,433 shares in the company, valued at $88,162,593,058.49. The disclosure for this sale can be found here. Insiders have sold 399,538 shares of company stock worth $441,142,749 over the last quarter. 17.00% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in AMZN. Osborn Williams & Donohoe LLC lifted its holdings in Amazon.com by 1.1% in the second quarter. Osborn Williams & Donohoe LLC now owns 915 shares of the e-commerce giant’s stock valued at $886,000 after buying an additional 10 shares during the period. Reinhart Partners Inc. lifted its holdings in Amazon.com by 66.8% in the first quarter. Reinhart Partners Inc. now owns 789 shares of the e-commerce giant’s stock valued at $699,000 after buying an additional 316 shares during the period. Goelzer Investment Management Inc. lifted its holdings in Amazon.com by 48.7% in the second quarter. Goelzer Investment Management Inc. now owns 397 shares of the e-commerce giant’s stock valued at $384,000 after buying an additional 130 shares during the period. Lakeview Capital Partners LLC lifted its holdings in Amazon.com by 19.6% in the second quarter. Lakeview Capital Partners LLC now owns 1,074 shares of the e-commerce giant’s stock valued at $1,040,000 after buying an additional 176 shares during the period. Finally, R. G. Niederhoffer Capital Management Inc. acquired a new position in Amazon.com in the second quarter valued at approximately $871,000. Institutional investors own 59.79% of the company’s stock.

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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.

The Fly

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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