Amazon.com Inc. (NASDAQ:AMZN)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Piper Jaffray Cos. in a research report issued on Tuesday. They currently have a $900.00 target price on the e-commerce giant’s stock. Piper Jaffray Cos.’s price target suggests a potential upside of 17.31% from the company’s current price.

A number of other research analysts also recently issued reports on the stock. Goldman Sachs Group Inc. reiterated a “buy” rating and set a $920.00 target price on shares of Amazon.com in a research report on Thursday, September 8th. Mizuho reiterated a “buy” rating and set a $950.00 target price on shares of Amazon.com in a research report on Thursday, October 13th. Evercore ISI reiterated a “buy” rating and set a $1,015.00 target price (up previously from $930.00) on shares of Amazon.com in a research report on Friday, September 16th. Vetr upgraded shares of Amazon.com from a “hold” rating to a “buy” rating and set a $880.16 target price on the stock in a research report on Thursday, October 6th. Finally, Atlantic Securities set a $980.00 target price on shares of Amazon.com and gave the company a “buy” rating in a research report on Friday, October 28th. Six equities research analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $911.75.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

Shares of Amazon.com (NASDAQ:AMZN) traded down 0.33% during mid-day trading on Tuesday, reaching $764.23. 2,222,069 shares of the company’s stock were exchanged. Amazon.com has a 52-week low of $474.00 and a 52-week high of $847.21. The company’s 50-day moving average price is $789.54 and its 200 day moving average price is $761.26. The company has a market cap of $363.14 billion, a PE ratio of 175.08 and a beta of 1.51.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.80 by $0.28. The firm earned $32.71 billion during the quarter, compared to analyst estimates of $32.69 billion. Amazon.com had a return on equity of 13.47% and a net margin of 1.64%. The firm’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.17 EPS. On average, equities research analysts predict that Amazon.com will post $4.78 EPS for the current year.

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In other Amazon.com news, CEO Andrew R. Jassy sold 14,000 shares of the stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $800.00, for a total value of $11,200,000.00. Following the completion of the sale, the chief executive officer now directly owns 68,141 shares in the company, valued at $54,512,800. The transaction was disclosed in a document filed with the SEC, which is available at this link. 17.70% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Kistler Tiffany Companies LLC boosted its stake in Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock worth $108,000 after buying an additional 136 shares during the period. Integrated Investment Consultants LLC boosted its stake in Amazon.com by 7.8% in the second quarter. Integrated Investment Consultants LLC now owns 333 shares of the e-commerce giant’s stock worth $238,000 after buying an additional 24 shares during the period. Stock Yards Bank & Trust Co. boosted its stake in Amazon.com by 14.2% in the second quarter. Stock Yards Bank & Trust Co. now owns 10,260 shares of the e-commerce giant’s stock worth $7,343,000 after buying an additional 1,272 shares during the period. Cullinan Associates Inc. boosted its stake in Amazon.com by 8.3% in the second quarter. Cullinan Associates Inc. now owns 1,300 shares of the e-commerce giant’s stock worth $930,000 after buying an additional 100 shares during the period. Finally, Park National Corp OH boosted its stake in Amazon.com by 19.8% in the second quarter. Park National Corp OH now owns 503 shares of the e-commerce giant’s stock worth $360,000 after buying an additional 83 shares during the period. Institutional investors own 64.77% of the company’s stock.

About Amazon.com

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).

5 Day Chart for NASDAQ:AMZN

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