Shares of Amazon.com Inc. (NASDAQ:AMZN) gapped up prior to trading 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 trading hands.

AMZN has been the topic of a number of analyst reports. Bank of America Corp. reissued a “buy” rating and issued a $860.00 target price on shares of Amazon.com in a research note on Monday, August 15th. KeyCorp reissued an “overweight” rating and issued a $847.00 target price on shares of Amazon.com in a research note on Sunday, August 21st. JPMorgan Chase & Co. set a $908.00 price target on shares of Amazon.com and gave the company a “buy” rating in a research report on Tuesday, July 12th. Piper Jaffray Cos. restated a “buy” rating and issued a $800.00 price target on shares of Amazon.com in a research report on Friday, July 8th. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $800.00 price target on shares of Amazon.com in a research report on Tuesday, July 5th. Seven investment analysts have rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company. Amazon.com has an average rating of “Buy” and an average price target of $852.39.

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

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

In other news, VP Shelley Reynolds sold 625 shares of Amazon.com stock in a transaction dated 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 directly owns 6,519 shares of the company’s stock, valued at approximately $5,020,281.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of Amazon.com stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $756.74, for a total value of $756,740,000.00. Following the transaction, the chief executive officer now directly owns 81,871,067 shares in the company, valued at $61,955,111,241.58. The disclosure for this sale can be found here.

Other hedge funds and institutional investors recently bought and sold shares of the company. Redwood Investments LLC boosted 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 worth $24,619,000 after buying an additional 6,195 shares during the last quarter. I.G. Investment Management LTD. boosted 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 worth $76,778,000 after buying an additional 22,612 shares in the last quarter. Stephens Inc. AR boosted its position in Amazon.com by 31.2% in the fourth quarter. Stephens Inc. AR now owns 5,344 shares of the e-commerce giant’s stock worth $3,612,000 after buying an additional 1,272 shares in the last quarter. Rail Splitter Capital Management LLC boosted its position in Amazon.com by 15.9% in the fourth quarter. Rail Splitter Capital Management LLC now owns 24,610 shares of the e-commerce giant’s stock worth $16,634,000 after buying an additional 3,382 shares in the last quarter. Finally, 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 in 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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