Amazon.com Inc. (NASDAQ:AMZN) shares gapped up before the market opened on Friday . The stock had previously closed at $770.27, but opened at $770.62. Amazon.com shares last traded at $773.28, with a volume of 1,310,196 shares.

AMZN has been the topic of several recent research reports. Credit Suisse Group AG dropped their target price on shares of Amazon.com in a report on Tuesday, May 10th. Piper Jaffray Cos. reiterated a “buy” rating and set a $800.00 target price on shares of Amazon.com in a report on Tuesday, May 10th. Sanford C. Bernstein reiterated a “buy” rating and set a $1,000.00 target price (up from $770.00) on shares of Amazon.com in a report on Tuesday, May 10th. Oppenheimer Holdings Inc. set a $780.00 target price on shares of Amazon.com and gave the stock a “buy” rating in a report on Monday, May 9th. Finally, Cowen and Company reiterated a “buy” rating and set a $830.00 target price on shares of Amazon.com in a report on Thursday, May 12th. Seven analysts have rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $852.39.

The stock has a market cap of $366.19 billion and a price-to-earnings ratio of 192.10. The firm’s 50-day moving average is $758.45 and its 200-day moving average is $675.84.

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

In other news, Director Patricia Q. Stonesifer sold 6,250 shares of the business’s stock in a transaction on 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 sale, the director now directly owns 13,867 shares of the company’s stock, valued at $10,071,186.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 625 shares of the business’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $770.10, for a total value of $481,312.50. Following the sale, the vice president now directly owns 6,519 shares in the company, valued at $5,020,281.90. The disclosure for this sale can be found here.

Other large investors recently made changes to their positions in the company. Alta Park Capital LP acquired a new position in Amazon.com during the fourth quarter valued at $2,230,000. Westfield Capital Management Co. LP raised 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 valued at $194,672,000 after buying an additional 4,746 shares during the last quarter. I.G. Investment Management LTD. raised its position in Amazon.com by 24.9% in the fourth quarter. I.G. Investment Management LTD. now owns 113,595 shares of the e-commerce giant’s stock valued at $76,778,000 after buying an additional 22,612 shares during the last quarter. Redwood Investments LLC raised its position in Amazon.com by 20.5% in the fourth quarter. Redwood Investments LLC now owns 36,424 shares of the e-commerce giant’s stock valued at $24,619,000 after buying an additional 6,195 shares during the last quarter. Finally, South Texas Money Management Ltd. raised its position in Amazon.com by 4.5% in the fourth quarter. South Texas Money Management Ltd. now owns 1,957 shares of the e-commerce giant’s stock valued at $1,323,000 after buying an additional 84 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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