RBC Capital Markets reaffirmed their outperform rating on shares of Amazon.com Inc. (NASDAQ:AMZN) in a research report released on Friday. The brokerage currently has a $1,000.00 price objective on the e-commerce giant’s stock, up from their prior price objective of $840.00.

A number of other equities research analysts have also weighed in on AMZN. Bank of America Corp. reaffirmed a buy rating and set a $840.00 target price on shares of Amazon.com in a research note on Monday, May 23rd. Piper Jaffray Cos. reaffirmed an overweight rating and set a $800.00 target price on shares of Amazon.com in a research note on Monday, May 23rd. Cowen and Company reaffirmed an outperform rating and set a $830.00 target price on shares of Amazon.com in a research note on Wednesday, May 25th. Sanford C. Bernstein reaffirmed an outperform rating on shares of Amazon.com in a research note on Thursday, May 26th. Finally, Cantor Fitzgerald reaffirmed a buy rating and set a $800.00 target price on shares of Amazon.com in a research note on Friday, May 27th. Seven investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. Amazon.com currently has an average rating of Buy and an average target price of $864.64.

Shares of Amazon.com (NASDAQ:AMZN) opened at 789.74 on Friday. The company has a market capitalization of $374.39 billion, a P/E ratio of 196.40 and a beta of 1.11. Amazon.com has a 12 month low of $474.00 and a 12 month high of $790.79. The firm has a 50-day moving average of $768.87 and a 200-day moving average of $696.70.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.67. The firm had revenue of $30.40 billion for the quarter, compared to analyst estimates of $29.54 billion. Amazon.com had a net margin of 1.60% and a return on equity of 13.52%. The company’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.19 EPS. On average, equities analysts predict that Amazon.com will post $5.76 earnings per share for the current year.

In other Amazon.com news, insider Jeffrey M. Blackburn sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $760.98, for a total transaction of $7,609,800.00. Following the completion of the transaction, the insider now directly owns 55,887 shares of the company’s stock, valued at approximately $42,528,889.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The stock was 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 directly owns 81,871,067 shares of the company’s stock, valued at $61,955,111,241.58. The disclosure for this sale can be found here. 17.70% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Evercore Wealth Management LLC raised its position in Amazon.com by 1,172.0% in the second quarter. Evercore Wealth Management LLC now owns 34,599 shares of the e-commerce giant’s stock worth $24,760,000 after buying an additional 31,879 shares in the last quarter. Macquarie Group Ltd. raised its position in Amazon.com by 10.0% in the second quarter. Macquarie Group Ltd. now owns 174,183 shares of the e-commerce giant’s stock worth $124,649,000 after buying an additional 15,804 shares in the last quarter. Carnick & Kubik Group LLC acquired a new position in Amazon.com during the second quarter worth about $2,037,000. Williams Jones & Associates LLC raised its position in Amazon.com by 22.7% in the second quarter. Williams Jones & Associates LLC now owns 24,801 shares of the e-commerce giant’s stock worth $17,748,000 after buying an additional 4,596 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Amazon.com during the second quarter worth about $11,179,000. 65.44% of the stock is owned by institutional investors.

Amazon.com Company Profile

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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