Amazon.com, Inc. (AMZN) Given a $1,200.00 Price Target at Loop Capital

Loop Capital set a $1,200.00 price target on Amazon.com, Inc. (NASDAQ:AMZN) in a report published on Friday morning. The brokerage currently has a buy rating on the e-commerce giant’s stock.

Several other research firms have also issued reports on AMZN. Barclays PLC upped their price objective on Amazon.com from $1,120.00 to $1,150.00 and gave the company an overweight rating in a research note on Friday, July 28th. Goldman Sachs Group Inc restated a buy rating and issued a $1,275.00 price objective on shares of Amazon.com in a research note on Friday, July 28th. J P Morgan Chase & Co reiterated a buy rating on shares of Amazon.com in a research note on Friday, July 28th. Stifel Nicolaus reiterated a buy rating and set a $1,100.00 target price (up previously from $1,075.00) on shares of Amazon.com in a research note on Friday, July 28th. Finally, Oppenheimer Holdings, Inc. reiterated a buy rating on shares of Amazon.com in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $1,121.48.

Shares of Amazon.com (AMZN) traded down 0.38% on Friday, reaching $982.91. The company’s stock had a trading volume of 2,365,122 shares. Amazon.com has a 1-year low of $710.10 and a 1-year high of $1,083.31. The firm has a market cap of $472.17 billion, a price-to-earnings ratio of 249.98 and a beta of 1.47. The company’s 50 day moving average is $976.89 and its 200-day moving average is $970.89.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($1.00). The business had revenue of $37.96 billion during 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%. Amazon.com’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.78 EPS. Equities research analysts expect that Amazon.com will post $3.63 EPS for the current year.

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In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,800 shares of Amazon.com stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $9,552,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 710 shares of Amazon.com stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $981.74, for a total value of $697,035.40. Following the transaction, the chief executive officer now owns 15,312 shares of the company’s stock, valued at approximately $15,032,402.88. The disclosure for this sale can be found here. Insiders have sold a total of 9,083 shares of company stock valued at $8,874,850 in the last quarter. Company insiders own 17.70% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. APG Asset Management N.V. boosted its stake in Amazon.com by 1.8% during the 3rd quarter. APG Asset Management N.V. now owns 868,192 shares of the e-commerce giant’s stock valued at $834,636,000 after purchasing an additional 15,300 shares during the last quarter. Asset Advisors Corp boosted its stake in Amazon.com by 4.5% during the 3rd quarter. Asset Advisors Corp now owns 5,995 shares of the e-commerce giant’s stock valued at $5,763,000 after purchasing an additional 260 shares during the last quarter. Ahrens Investment Partners LLC boosted its stake in Amazon.com by 14.5% during the 3rd quarter. Ahrens Investment Partners LLC now owns 900 shares of the e-commerce giant’s stock valued at $865,000 after purchasing an additional 114 shares during the last quarter. Carnick & Kubik Group LLC boosted its stake in Amazon.com by 2.1% during the 3rd quarter. Carnick & Kubik Group LLC now owns 3,066 shares of the e-commerce giant’s stock valued at $2,947,000 after purchasing an additional 64 shares during the last quarter. Finally, Edge Wealth Management LLC boosted its stake in Amazon.com by 22.6% during the 3rd quarter. Edge Wealth Management LLC now owns 2,706 shares of the e-commerce giant’s stock valued at $2,603,000 after purchasing an additional 498 shares during the last quarter. Institutional investors and hedge funds own 60.73% 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.

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