Amazon.com Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating reaffirmed by equities research analysts at Evercore ISI in a research report issued on Friday. They presently have a $1,015.00 price objective on the e-commerce giant’s stock, up from their prior price objective of $930.00. Evercore ISI’s target price points to a potential upside of 30.95% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the stock. Sanford C. Bernstein restated an “outperform” rating and set a $1,000.00 target price on shares of Amazon.com in a research note on Friday. Royal Bank Of Canada reduced their price target on shares of Amazon.com from $1,000.00 to $840.00 and set an “outperform” rating for the company in a research report on Friday. Morgan Stanley reaffirmed an “overweight” rating on shares of Amazon.com in a research report on Thursday, September 15th. MKM Partners reaffirmed a “buy” rating and set a $995.00 price target on shares of Amazon.com in a research report on Monday, September 12th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $925.00 price target on shares of Amazon.com in a research report on Friday, September 9th. Seven equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $864.64.

Shares of Amazon.com (NASDAQ:AMZN) opened at 775.10 on Friday. The company has a market capitalization of $367.45 billion, a price-to-earnings ratio of 192.76 and a beta of 1.11. The firm’s 50-day moving average is $767.68 and its 200 day moving average is $694.54. Amazon.com has a 12 month low of $474.00 and a 12 month high of $790.79.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.67. The business had revenue of $30.40 billion for the quarter, compared to analysts’ expectations of $29.54 billion. Amazon.com had a net margin of 1.60% and a return on equity of 13.52%. The business’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.19 EPS. Equities analysts expect that Amazon.com will post $5.76 EPS for the current year.

In related news, VP Shelley Reynolds sold 625 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $770.10, for a total transaction of $481,312.50. Following the transaction, the vice president now owns 6,519 shares in the company, valued at approximately $5,020,281.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew R. Jassy sold 2,305 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $769.75, for a total value of $1,774,273.75. Following the transaction, the chief executive officer now owns 84,446 shares in the company, valued at approximately $65,002,308.50. The disclosure for this sale can be found here. 17.70% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pioneer Investment Management Inc. increased its position in Amazon.com by 38.8% in the fourth quarter. Pioneer Investment Management Inc. now owns 11,052 shares of the e-commerce giant’s stock worth $7,470,000 after buying an additional 3,091 shares in the last quarter. Private Asset Management Inc. increased its position in Amazon.com by 5.0% in the first quarter. Private Asset Management Inc. now owns 2,878 shares of the e-commerce giant’s stock worth $1,708,000 after buying an additional 136 shares in the last quarter. Hollencrest Securities LLC increased its position in Amazon.com by 3.0% in the first quarter. Hollencrest Securities LLC now owns 7,718 shares of the e-commerce giant’s stock worth $4,581,000 after buying an additional 227 shares in the last quarter. Curbstone Financial Management Corp increased its position in Amazon.com by 1.5% in the first quarter. Curbstone Financial Management Corp now owns 4,594 shares of the e-commerce giant’s stock worth $2,727,000 after buying an additional 70 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. purchased a new position in Amazon.com during the first quarter worth about $5,335,000. Hedge funds and other institutional investors own 65.44% of the company’s stock.

About Amazon.com

Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).

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