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Amazon.com, Inc. (AMZN) Receives $940.95 Average Target Price from Analysts

20 March 2017, 09:16 | Marlene Myers

Amazon.com, Inc. (NASDAQ:AMZN): A Detailed Look at its Institutional Ownership

A report released today by Vetr Inc. about Amazon.com, Inc. (NASDAQ:AMZN) ups the target price to $888.37

Amazon.com, Inc. closed its last trading session at $852.53 with the gain of 0.05%. (NASDAQ:AMZN) by some 14,465,876 shares, 724 decreased positions by 23,425,019 and 164 held positions by 266,929,329.

Shares of Facebook (FB) are up 11 cents at $140.10, after UBS's Eric Sheridan reiterated his Buy rating on the name, and raised his price target to $165 from $155 on the rising prospect the company will monetize its newer businesses such as WhatsApp and Oculus. Finally, Oarsman Capital Inc. raised its stake in Amazon.com by 1.1% in the fourth quarter. Russell Investments Group Ltd. bought a new stake in Amazon.com during the fourth quarter worth about $373,202,000. WI's holdings in Amazon.com were worth $1,842,000 at the end of the most recent quarter. State Street Corp increased its position in Amazon.com by 3.5% in the fourth quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Amazon.com by 2.4% in the third quarter. Look at its top three institutional owners. Its 52-week High Value is $860.86 while its 52-week Low value is $538.58. (AMZN) in the open market. The company's 50 day moving average price is $840.63 and its 200-day moving average price is $800.67.

The firm is slightly reducing its target for Amazon's overall share price as a result, to $895/share from $905/share previously. The e-commerce giant reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.35 by $0.19. The company earned $43.74 billion during the quarter, compared to analysts' expectations of $44.66 billion. The Return on Equity (ROE) and Return on Investment values are 13.9 percent and 8 percent respectively. According to these analysts, the Low Revenue Estimate for Amazon.com, Inc.is 34.5 Billion and the High Revenue Estimate is 35.97 Billion. During the same period a year ago, the firm earned $1.00 EPS.

According to the corporate earnings calendar, Amazon.com, Inc. will release next earnings on April 27, 2017 with an estimated EPS consensus of $1.05.

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A number of other equities research analysts have also recently issued reports on AMZN. The stock has an average rating of Buy and an average target price of $939.14. Credit Suisse Group AG boosted their price target on shares of Amazon.com from $950.00 to $1,000.00 and gave the stock an outperform rating in a research report on Wednesday, January 11th. Evercore ISI reaffirmed a "buy" rating and issued a $990.00 price objective on shares of Amazon.com in a research note on Monday, November 28th. Finally, Mizuho dropped their price objective on shares of Amazon.com from $920.00 to $905.00 and set a "buy" rating for the company in a research note on Friday, February 3rd. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 2.30 on scale of 1-5.

In other news, insider David Zapolsky sold 503 shares of Amazon.com stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $850.00, for a total transaction of $427,550.00. Following the sale, the insider now owns 2,523 shares in the company, valued at $2,144,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The SEC filing shows that ALBERG TOM A performed a sale of 590 shares.

On 12/9/2016 Jeffrey A Wilke, CEO, sold 4,890 with an average share price of $767.15 per share and the total transaction amounting to $3,751,363.50. Similar statistics are true for the second largest owner, Price T Rowe Associates Inc /Md/, which owns 20,919,431 shares of the stock are valued at $17.84 billion.



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