Today: Amazon.com Inc. (AMZN) Rating Reiterate by Evercore ISI

Today: Amazon.com Inc. (AMZN) Rating Reiterate by Evercore ISI

Amazon.com Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating reiterated by Evercore ISI in a research report issued to clients and investors on Monday. They presently have a $990.00 target price on the e-commerce giant’s stock. Evercore ISI’s price objective suggests a potential upside of 26.86% from the stock’s previous close.

A number of other research firms have also weighed in on AMZN. Robert W. Baird reiterated an “outperform” rating on shares of Amazon.com in a research note on Tuesday, October 18th. Wedbush reiterated an “outperform” rating and set a $900.00 price objective on shares of Amazon.com in a research note on Friday, September 30th. Piper Jaffray Cos. reiterated a “buy” rating and set a $800.00 price objective on shares of Amazon.com in a research note on Sunday, July 31st. MKM Partners lifted their price objective on Amazon.com from $850.00 to $995.00 and gave the company a “buy” rating in a research note on Tuesday, August 2nd. Finally, Cowen and Company restated an “outperform” rating and issued a $960.00 price target (up previously from $900.00) on shares of Amazon.com in a research note on Monday, September 26th. Six analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Amazon.com presently has a consensus rating of “Buy” and an average price target of $911.75.

Amazon.com (NASDAQ:AMZN) opened at 780.37 on Monday. 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 $791.62 and its 200-day moving average price is $760.15. The company has a market capitalization of $370.81 billion, a price-to-earnings ratio of 178.78 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 EPS for the quarter, missing the Zacks’ consensus estimate of $0.80 by $0.28. Amazon.com had a return on equity of 13.47% and a net margin of 1.64%. The firm had revenue of $32.71 billion for the quarter, compared to analyst estimates of $32.69 billion. During the same period in the prior year, the firm posted $0.17 EPS. The business’s revenue was up 29.0% compared to the same quarter last year. Equities analysts forecast 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 company’s stock in a transaction that occurred on Thursday, September 22nd. The shares were 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 of the company’s stock, valued at approximately $54,512,800. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 17.70% of the stock is currently owned by insiders.

Several hedge funds 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 worth $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 worth $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 worth $108,000 after buying an additional 136 shares in the last quarter. Kings Point Capital Management bought a new stake in shares of Amazon.com during the second quarter worth $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 worth $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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