Amazon.com Inc. (NASDAQ:AMZN)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $774.23 and last traded at $773.50, with a volume of 1,332,813 shares traded. The stock had previously closed at $769.00.

A number of brokerages recently issued reports on AMZN. Pacific Crest restated an “overweight” rating and issued a $800.00 target price on shares of Amazon.com in a report on Tuesday, May 17th. Jefferies Group restated a “buy” rating and issued a $865.00 target price on shares of Amazon.com in a report on Monday, June 27th. Zacks Investment Research upgraded Amazon.com from a “hold” rating to a “buy” rating and set a $774.00 target price on the stock in a report on Tuesday, June 28th. William Blair began coverage on Amazon.com in a report on Friday, June 10th. They issued an “outperform” rating on the stock. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $800.00 target price on shares of Amazon.com in a report on Friday, May 27th. Seven investment analysts have rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $852.39.

The company has a 50-day moving average of $756.22 and a 200 day moving average of $673.78. The firm has a market cap of $363.89 billion and a P/E ratio of 190.89.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 EPS for the quarter, topping the consensus estimate of $1.11 by $0.67. The business had revenue of $30.40 billion for the quarter, compared to the consensus estimate of $29.54 billion. The company’s revenue was up 31.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.19 earnings per share. Equities analysts predict that Amazon.com Inc. will post $5.76 EPS for the current fiscal year.

In other Amazon.com news, CEO Andrew R. Jassy sold 2,305 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $769.75, for a total value of $1,774,273.75. Following the completion of the sale, the chief executive officer now directly owns 84,446 shares of the company’s stock, valued at approximately $65,002,308.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Patricia Q. Stonesifer sold 6,250 shares of the company’s stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $726.27, for a total transaction of $4,539,187.50. Following the completion of the sale, the director now directly owns 13,867 shares of the company’s stock, valued at $10,071,186.09. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently added to or reduced their stakes in AMZN. Schwab Charles Investment Management Inc. boosted its position in Amazon.com by 4.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,045,154 shares of the e-commerce giant’s stock worth $706,410,000 after buying an additional 45,740 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Amazon.com by 18.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 758,695 shares of the e-commerce giant’s stock worth $512,871,000 after buying an additional 115,990 shares during the last quarter. State of Tennessee Treasury Department boosted its position in Amazon.com by 2.9% in the fourth quarter. State of Tennessee Treasury Department now owns 324,407 shares of the e-commerce giant’s stock worth $219,263,000 after buying an additional 9,224 shares during the last quarter. Westfield Capital Management Co. LP boosted its position in Amazon.com by 1.7% in the fourth quarter. Westfield Capital Management Co. LP now owns 288,023 shares of the e-commerce giant’s stock worth $194,672,000 after buying an additional 4,746 shares during the last quarter. Finally, US Bancorp DE boosted its position in Amazon.com by 4.5% in the fourth quarter. US Bancorp DE now owns 132,180 shares of the e-commerce giant’s stock worth $89,340,000 after buying an additional 5,700 shares during the last quarter.

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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