Amazon.com (NASDAQ:AMZN) had its target price increased by BMO Capital Markets to $1,600.00 in a research note published on Tuesday, The Fly reports. The brokerage currently has an outperform rating on the e-commerce giant’s stock.

Other equities research analysts have also recently issued reports about the stock. Vetr raised shares of Amazon.com from a sell rating to a hold rating and set a $1,155.74 price target on the stock in a research note on Wednesday, November 29th. SunTrust Banks reaffirmed a buy rating and set a $1,190.00 price target on shares of Amazon.com in a research note on Monday, October 2nd. Wells Fargo & Co reaffirmed a buy rating on shares of Amazon.com in a research note on Monday, December 4th. Barclays reaffirmed an overweight rating and set a $1,210.00 price target (up from $1,150.00) on shares of Amazon.com in a research note on Friday, October 27th. Finally, Citigroup reaffirmed a buy rating and set a $1,250.00 price target on shares of Amazon.com in a research note on Friday, October 27th. Four analysts have rated the stock with a hold rating and fifty-one have given a buy rating to the company. The company currently has an average rating of Buy and an average target price of $1,278.33.

Shares of Amazon.com (NASDAQ AMZN) traded down $9.86 during midday trading on Tuesday, reaching $1,295.00. 5,250,000 shares of the company were exchanged, compared to its average volume of 3,220,000. The firm has a market cap of $624,020.00, a PE ratio of 327.02, a price-to-earnings-growth ratio of 7.74 and a beta of 1.46. Amazon.com has a 12-month low of $803.00 and a 12-month high of $1,339.94. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03.

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

In related news, CEO Jeffrey P. Bezos sold 391,110 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $1,103.53, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chief Executive Officer of Worldwide Consumer Jeffrey A. Wilke sold 2,800 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $1,160.34, for a total transaction of $3,248,952.00. Following the completion of the transaction, the insider now owns 10,000 shares in the company, valued at approximately $11,603,400. The disclosure for this sale can be found here. Insiders sold 402,338 shares of company stock worth $444,391,701 in the last 90 days. 17.00% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Leavell Investment Management Inc. raised its stake in shares of Amazon.com by 0.3% during the second quarter. Leavell Investment Management Inc. now owns 394 shares of the e-commerce giant’s stock valued at $381,000 after purchasing an additional 1 shares during the period. Probity Advisors Inc. raised its stake in shares of Amazon.com by 0.6% during the second quarter. Probity Advisors Inc. now owns 320 shares of the e-commerce giant’s stock valued at $310,000 after purchasing an additional 2 shares during the period. Venturi Wealth Management LLC raised its stake in shares of Amazon.com by 0.3% during the second quarter. Venturi Wealth Management LLC now owns 632 shares of the e-commerce giant’s stock valued at $612,000 after purchasing an additional 2 shares during the period. Regis Management CO LLC raised its stake in shares of Amazon.com by 0.9% during the second quarter. Regis Management CO LLC now owns 231 shares of the e-commerce giant’s stock valued at $224,000 after purchasing an additional 2 shares during the period. Finally, Hall Capital Management Co. Inc. grew its position in shares of Amazon.com by 0.8% during the second quarter. Hall Capital Management Co. Inc. now owns 403 shares of the e-commerce giant’s stock worth $390,000 after buying an additional 3 shares in the last quarter. Institutional investors own 59.82% of the company’s stock.

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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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