Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “outperform” rating reiterated by research analysts at Cowen and Company in a report released on Thursday. They currently have a $1,125.00 target price on the e-commerce giant’s stock. Cowen and Company’s target price suggests a potential upside of 17.56% from the stock’s previous close.

Several other analysts have also recently weighed in on AMZN. Credit Suisse Group reaffirmed an “outperform” rating and set a $1,050.00 price objective (up from $900.00) on shares of Amazon.com in a research report on Monday, April 17th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $900.00 price objective on shares of Amazon.com in a research report on Monday, April 17th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $970.00 price objective on shares of Amazon.com in a research report on Monday, April 17th. Barclays PLC reaffirmed an “overweight” rating and set a $1,120.00 price objective on shares of Amazon.com in a research report on Tuesday, April 18th. Finally, Macquarie reaffirmed a “buy” rating and set a $995.00 price objective on shares of Amazon.com in a research report on Tuesday, April 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, forty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $1,065.61.

Amazon.com (NASDAQ:AMZN) traded down 2.55% on Thursday, reaching $956.92. The company had a trading volume of 5,684,068 shares. The company’s 50 day moving average is $999.07 and its 200-day moving average is $925.01. Amazon.com has a one year low of $710.10 and a one year high of $1,083.31. The firm has a market capitalization of $459.68 billion, a price-to-earnings ratio of 243.37 and a beta of 1.48.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by $1.00. The firm had revenue of $37.96 billion for the quarter, compared to the consensus estimate of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The business’s revenue was up 24.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.78 earnings per share. On average, equities research analysts expect that Amazon.com will post $3.83 earnings per share for the current fiscal year.

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In other news, CEO Jeffrey A. Wilke sold 2,000 shares of the stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $1,011.06, for a total transaction of $2,022,120.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $10,110,600. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 4,000 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $969.73, for a total transaction of $3,878,920.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $9,697,300. The disclosure for this sale can be found here. Insiders sold a total of 10,890 shares of company stock worth $10,800,023 over the last 90 days. Insiders own 17.70% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Leavell Investment Management Inc. increased its position in Amazon.com by 0.3% in the second quarter. Leavell Investment Management Inc. now owns 394 shares of the e-commerce giant’s stock worth $381,000 after buying an additional 1 shares in the last quarter. SeaBridge Investment Advisors LLC increased its position in Amazon.com by 0.4% in the second quarter. SeaBridge Investment Advisors LLC now owns 272 shares of the e-commerce giant’s stock worth $263,000 after buying an additional 1 shares in the last quarter. Stillwater Capital Advisors LLC increased its position in Amazon.com by 0.4% in the first quarter. Stillwater Capital Advisors LLC now owns 526 shares of the e-commerce giant’s stock worth $466,000 after buying an additional 2 shares in the last quarter. Beese Fulmer Investment Management Inc. increased its position in Amazon.com by 0.7% in the first quarter. Beese Fulmer Investment Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $256,000 after buying an additional 2 shares in the last quarter. Finally, Round Table Services LLC increased its position in Amazon.com by 0.3% in the first quarter. Round Table Services LLC now owns 701 shares of the e-commerce giant’s stock worth $621,000 after buying an additional 2 shares in the last quarter. Hedge funds and other institutional investors own 62.17% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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