Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating reiterated by equities research analysts at Royal Bank Of Canada in a research note issued on Wednesday. They presently have a $1,100.00 price target on the e-commerce giant’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 12.18% from the company’s previous close.

Several other equities research analysts have also recently commented on AMZN. UBS AG reaffirmed a “buy” rating and set a $1,100.00 target price on shares of Amazon.com in a research note on Wednesday, June 21st. Cowen and Company reissued an “outperform” rating and issued a $1,125.00 price objective on shares of Amazon.com in a research note on Thursday, August 10th. Goldman Sachs Group Inc reissued a “conviction-buy” rating and issued a $1,275.00 price objective on shares of Amazon.com in a research note on Wednesday, August 9th. Piper Jaffray Companies reissued an “overweight” rating and issued a $1,200.00 price objective on shares of Amazon.com in a research note on Thursday, August 10th. Finally, Independent Research GmbH reissued a “buy” rating on shares of Amazon.com in a research note on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, forty-five have given a buy rating and two have assigned a strong buy rating to the company’s stock. Amazon.com has a consensus rating of “Buy” and an average price target of $1,088.16.

Amazon.com (NASDAQ:AMZN) opened at 980.60 on Wednesday. Amazon.com has a 12-month low of $710.10 and a 12-month high of $1,083.31. The company has a market cap of $471.06 billion, a PE ratio of 249.39 and a beta of 1.48. The stock’s 50 day moving average price is $990.18 and its 200 day moving average price is $939.86.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the consensus estimate of $1.40 by $1.00. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The business had revenue of $37.96 billion for the quarter, compared to analyst estimates of $37.18 billion. During the same period in the prior year, the business earned $1.78 EPS. The company’s revenue for the quarter was up 24.8% on a year-over-year basis. Equities research analysts anticipate that Amazon.com will post $3.82 EPS for the current year.

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In related news, CEO Jeffrey A. Wilke sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $1,011.06, for a total value of $2,022,120.00. Following the sale, the chief executive officer now owns 10,000 shares in the company, valued at approximately $10,110,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total value of $2,674,560.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at approximately $9,552,000. The disclosure for this sale can be found here. Insiders have sold a total of 14,463 shares of company stock worth $14,294,906 in the last quarter. Company insiders own 17.70% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Burns J W & Co. Inc. NY increased its stake in Amazon.com by 2.8% in the first quarter. Burns J W & Co. Inc. NY now owns 3,379 shares of the e-commerce giant’s stock valued at $2,996,000 after buying an additional 92 shares during the last quarter. Atlas Brown Inc. increased its stake in Amazon.com by 13.2% in the first quarter. Atlas Brown Inc. now owns 875 shares of the e-commerce giant’s stock valued at $776,000 after buying an additional 102 shares during the last quarter. Pure Financial Advisors Inc. increased its stake in Amazon.com by 1.7% in the first quarter. Pure Financial Advisors Inc. now owns 649 shares of the e-commerce giant’s stock valued at $575,000 after buying an additional 11 shares during the last quarter. CENTRAL TRUST Co increased its stake in Amazon.com by 6.4% in the first quarter. CENTRAL TRUST Co now owns 12,111 shares of the e-commerce giant’s stock valued at $10,737,000 after buying an additional 728 shares during the last quarter. Finally, Fulton Bank N.A. increased its stake in Amazon.com by 234.9% in the first quarter. Fulton Bank N.A. now owns 2,532 shares of the e-commerce giant’s stock valued at $2,244,000 after buying an additional 1,776 shares during the last quarter. Institutional investors own 60.79% of the company’s stock.

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.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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