Amazon.com Inc. (NASDAQ:AMZN) hit a new 52-week high during trading on Monday . The stock traded as high as $776.00 and last traded at $772.44, with a volume of 2,181,400 shares. The stock had previously closed at $770.62.

AMZN has been the topic of several research reports. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Amazon.com in a report on Saturday, June 4th. Jefferies Group reaffirmed a “buy” rating on shares of Amazon.com in a report on Saturday, June 4th. JMP Securities reaffirmed a “buy” rating and issued a $775.00 price target on shares of Amazon.com in a report on Saturday, July 9th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $900.00 price target on shares of Amazon.com in a report on Sunday, July 10th. Finally, Bank of America Corp. reaffirmed a “buy” rating and issued a $840.00 price target on shares of Amazon.com in a report on Sunday, July 17th. 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 stock. The company presently has an average rating of “Buy” and a consensus target price of $852.39.

The company has a market capitalization of $366.19 billion and a price-to-earnings ratio of 192.10. The company has a 50 day moving average of $758.45 and a 200 day moving average of $675.84.

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

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

A number of hedge funds and institutional investors have added to or reduced their stakes in AMZN. Private Capital Management Inc. acquired a new position in Amazon.com during the fourth quarter valued at $1,294,000. South Texas Money Management Ltd. increased 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. Stephens Inc. AR increased 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 valued at $3,612,000 after buying an additional 1,272 shares during the last quarter. Rail Splitter Capital Management LLC increased 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 valued at $16,634,000 after buying an additional 3,382 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. increased its position in Amazon.com by 6.5% in the fourth quarter. Bbva Compass Bancshares Inc. now owns 27,985 shares of the e-commerce giant’s stock valued at $18,915,000 after buying an additional 1,712 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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