Today: Today, Amazon.com Inc. (AMZN) Price Target Decreased to $960.00 at Citigroup Inc.

Today, Amazon.com Inc. (AMZN) Price Target Decreased to $960.00 at Citigroup Inc.

Amazon.com Inc. (NASDAQ:AMZN) had its price objective trimmed by Citigroup Inc. from $965.00 to $960.00 in a research note published on Monday. The brokerage currently has a buy rating on the e-commerce giant’s stock.

A number of other research analysts have also weighed in on the stock. William Blair reaffirmed a buy rating and issued a $719.07 price target on shares of Amazon.com in a research note on Wednesday, November 16th. TheStreet lowered shares of Amazon.com from a buy rating to a hold rating in a research note on Tuesday, November 1st. Zacks Investment Research lowered shares of Amazon.com from a strong-buy rating to a hold rating in a research note on Tuesday, November 1st. Axiom Securities lifted their price target on shares of Amazon.com from $877.00 to $953.00 and gave the company a buy rating in a research note on Tuesday, November 1st. Finally, Jefferies Group reaffirmed a buy rating and issued a $950.00 price target on shares of Amazon.com in a research note on Monday, October 31st. Six equities research analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $911.75.

Shares of Amazon.com (NASDAQ:AMZN) opened at 766.77 on Monday. The company’s 50 day moving average is $789.54 and its 200 day moving average is $761.26. The company has a market capitalization of $364.34 billion, a P/E ratio of 175.66 and a beta of 1.51. Amazon.com has a 12-month low of $474.00 and a 12-month high of $847.21.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.80 by $0.28. Amazon.com had a net margin of 1.64% and a return on equity of 13.47%. The company earned $32.71 billion during the quarter, compared to the consensus estimate of $32.69 billion. During the same period in the previous year, the firm posted $0.17 EPS. The business’s quarterly revenue was up 29.0% compared to the same quarter last year. Analysts expect that Amazon.com will post $4.78 earnings per share for the current fiscal year.

In other news, CEO Andrew R. Jassy sold 14,000 shares of the business’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $800.00, for a total transaction of $11,200,000.00. Following the completion of the transaction, the chief executive officer now owns 68,141 shares of the company’s stock, valued at $54,512,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 17.70% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of AMZN. Bartlett & Co. LLC raised its stake in shares of Amazon.com by 7.1% in the third quarter. Bartlett & Co. LLC now owns 120 shares of the e-commerce giant’s stock valued at $100,000 after buying an additional 8 shares in the last quarter. Pathstone Family Office LLC raised its stake in shares of Amazon.com by 92.1% in the second quarter. Pathstone Family Office LLC now owns 146 shares of the e-commerce giant’s stock valued at $105,000 after buying an additional 70 shares in the last quarter. Kistler Tiffany Companies LLC raised its stake in shares of Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock valued at $108,000 after buying an additional 136 shares in the last quarter. Kings Point Capital Management purchased a new stake in shares of Amazon.com during the second quarter valued at about $109,000. Finally, D. Scott Neal Inc. raised its stake in shares of Amazon.com by 3,000.0% in the third quarter. D. Scott Neal Inc. now owns 155 shares of the e-commerce giant’s stock valued at $130,000 after buying an additional 150 shares in the last quarter. 64.77% of the stock is owned by institutional investors.

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