Amazon.com, Inc. (AMZN) PT Set at $1,100.00 by Royal Bank Of Canada

Amazon.com, Inc. (NASDAQ:AMZN) has been given a $1,100.00 price target by analysts at Royal Bank Of Canada in a research note issued to investors on Monday. The firm currently has a “buy” rating on the e-commerce giant’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 11.95% from the company’s current price.

Several other research analysts also recently weighed in on the company. UBS AG reiterated a “buy” rating and issued a $1,100.00 target price on shares of Amazon.com in a research note on Wednesday, June 21st. TheStreet downgraded Amazon.com from a “b-” rating to a “c+” rating in a research note on Monday, July 10th. Tigress Financial reiterated a “buy” rating on shares of Amazon.com in a research note on Wednesday, August 9th. KeyCorp reiterated a “hold” rating on shares of Amazon.com in a research note on Thursday, June 22nd. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $1,275.00 target price on shares of Amazon.com in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-six have issued a buy rating and two have issued a strong buy rating to the company’s stock. Amazon.com currently has an average rating of “Buy” and an average target price of $1,092.58.

Shares of Amazon.com (NASDAQ:AMZN) opened at 982.58 on Monday. The stock has a market cap of $472.01 billion, a price-to-earnings ratio of 249.89 and a beta of 1.47. The company has a 50-day moving average price of $981.80 and a 200-day moving average price of $946.71. Amazon.com has a 12 month low of $710.10 and a 12 month high of $1,083.31.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the consensus estimate of $1.40 by ($1.00). The firm had revenue of $37.96 billion for the quarter, compared to analyst estimates of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The company’s quarterly revenue was up 24.8% on a year-over-year basis. During the same period last year, the firm earned $1.78 EPS. On average, analysts expect that Amazon.com will post $3.99 EPS for the current fiscal year.

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In other news, CEO Jeffrey A. Wilke sold 2,800 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total transaction of $2,674,560.00. Following the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $9,552,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 1,985 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $986.12, for a total value of $1,957,448.20. Following the sale, the chief executive officer now owns 81,479 shares in the company, valued at $80,348,071.48. The disclosure for this sale can be found here. Insiders have sold a total of 9,793 shares of company stock worth $9,574,377 over the last quarter. Insiders own 17.70% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of AMZN. Harbour Capital Advisors LLC increased its position in Amazon.com by 100,947.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock valued at $2,379,000 after acquiring an additional 2,300,593 shares during the period. Janus Henderson Group PLC increased its position in Amazon.com by 1,045.8% in the 2nd quarter. Janus Henderson Group PLC now owns 1,775,556 shares of the e-commerce giant’s stock valued at $1,718,711,000 after acquiring an additional 1,620,588 shares during the period. Vanguard Group Inc. increased its position in Amazon.com by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock valued at $26,003,758,000 after acquiring an additional 764,115 shares during the period. BlackRock Inc. increased its position in Amazon.com by 2.4% in the 2nd quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock valued at $23,160,193,000 after acquiring an additional 554,990 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in Amazon.com by 125.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 822,827 shares of the e-commerce giant’s stock valued at $796,497,000 after acquiring an additional 457,300 shares during the period. Hedge funds and other institutional investors own 60.80% of the company’s stock.

About Amazon.com

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 Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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