Amazon.com (NASDAQ:AMZN)‘s stock had its “outperform” rating reaffirmed by equities researchers at Cowen in a note issued to investors on Thursday, The Fly reports. They currently have a $1,500.00 price objective on the e-commerce giant’s stock, up from their prior price objective of $1,225.00. Cowen’s target price would indicate a potential upside of 30.17% from the stock’s previous close.

A number of other research firms also recently issued reports on AMZN. Credit Suisse Group restated an “outperform” rating on shares of Amazon.com in a research note on Thursday, August 31st. Monness Crespi & Hardt upgraded Amazon.com from a “neutral” rating to a “buy” rating and set a $1,250.00 price target on the stock in a research note on Friday, October 27th. Leerink Swann restated a “buy” rating on shares of Amazon.com in a research note on Monday, October 30th. TheStreet upgraded Amazon.com from a “c+” rating to a “b-” rating in a research note on Tuesday, November 7th. Finally, Goldman Sachs Group restated a “buy” rating on shares of Amazon.com in a research note on Monday. Four investment analysts have rated the stock with a hold rating and fifty have assigned a buy rating to the company’s stock. Amazon.com presently has an average rating of “Buy” and a consensus price target of $1,219.02.

Amazon.com (NASDAQ:AMZN) opened at $1,152.35 on Thursday. Amazon.com has a 1-year low of $747.70 and a 1-year high of $1,213.41. The company has a market capitalization of $550,090.81, a PE ratio of 289.74, a PEG ratio of 14.30 and a beta of 1.47. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.03 and a quick ratio of 0.74.

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

In other Amazon.com news, CEO Jeffrey P. Bezos sold 391,110 shares of the business’s stock in a transaction dated 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Tom A. Alberg sold 835 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $1,202.74, for a total value of $1,004,287.90. Following the completion of the transaction, the director now owns 17,114 shares in the company, valued at approximately $20,583,692.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 399,538 shares of company stock worth $441,142,749. 17.70% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in AMZN. Whitnell & Co. boosted its position in shares of Amazon.com by 581.3% during the third quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock worth $105,000 after buying an additional 93 shares during the period. Vestor Capital LLC boosted its position in shares of Amazon.com by 10.1% during 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 period. Clear Investment Research LLC boosted its position in shares of Amazon.com by 73,100.0% during 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 period. WealthTrust Arizona LLC boosted its position in shares of Amazon.com by 2.7% during 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 period. Finally, LeJeune Puetz Investment Counsel LLC acquired a new position in shares of Amazon.com during the second quarter worth approximately $116,000. 59.79% of the stock is owned by hedge funds and other institutional investors.

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About Amazon.com

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

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