Amazon.com, Inc. (AMZN) stock touched a fresh intra-day high of $963.15 on Monday before retreating during regular trading hours, falling by as much as 0.38% to $957.72.
Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Amazon.com by 3.8% in the first quarter. Ruane Cunniff & Goldfarb Inc. bought a new stake in shares of Amazon.com during the fourth quarter valued at $335,571,000. Vanguard Group Inc. now owns 26,099,271 shares of the e-commerce giant's stock worth $23,138,047,000 after buying an additional 962,458 shares during the period. Finally, Weatherly Asset Management L.P. increased its position in shares of Amazon.com by 6.4% in the third quarter.
Amazon.com, Inc.(AMZN) shares saw a recent bid of $961.35 and 3.62M shares have exchanged hands in the recent trading session, yielding a 2.91% gain over the past week. State Street Corp boosted its stake in shares of Amazon.com by 3.5% in the fourth quarter. Oppenheimer analysts are the latest to push a price target of more than $1,000 for Amazon.com, Inc. RNC Capital Management LLC now owns 418 shares of the e-commerce giant's stock valued at $350,000 after buying an additional 68 shares in the last quarter. However the six-month change in the insider ownership was recorded -1.3%, as well as three-month change in the institutional ownership was recorded 0.15%. Swedbank has invested 2.82% in Amazon.com, Inc. Over the last 90 days, insiders have sold 1,005,003 shares of company stock valued at $945,376,467.
On Tuesday May 02, 2017, Vetr Inc. released a statement on Amazon.com, Inc. The mean target of $1,077.50 should be compared with the price when the stock was languishing around $682.12 a share. The stock has a market capitalization of $457.69 billion, a P/E ratio of 180.33 and a beta of 1.40.
General Information About Amazon.com, Inc. Future earnings predictions are perhaps the most essential input when trying to value a company. This is an increase of approximately 139% compared to the average daily volume of 31,069 put options.
(NASDAQ:AMZN) last issued its earnings results on Thursday, April 27th. (AMZN) is $1085.42/share according to the consensus of analysts working on the stock, with an expected EPS of $1.4/share for the current quarter.
Bank of America Merrill Lynch analyst Justin Post reiterated his Buy rating and $1,150 price objective on Amazon.com, Inc. For the current year the company's revenue estimates are $166.12 Billion compared to low analyst estimates of $162.22 Billion and high estimates of $168.87 Billion according to 38 number of analysts. Its sales stood at 23.10% a year on average in the period of last five years. The firm's revenue for the quarter was up 22.6% on a year-over-year basis. Equities research analysts anticipate that Amazon.com, Inc. will post $6.69 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This piece was first posted by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US & global copyright and trademark legislation. Finally, BlackRock Fund Advisors raised its position in shares of Amazon.com by 4.2% in the third quarter.
Analysts' ultimate objective when projecting revenue is to determine the appropriate value for a stock. Robert W. Baird upgraded shares of Amazon.com from an "outperform" rating to a "neutral" rating in a research report on Monday. JMP Securities restated a "positive" rating on shares of Amazon.com in a research report on Friday, February 3rd. Analysts have a mean recommendation of 1.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The original version of this story can be viewed at https://sportsperspectives.com/2017/05/15/amazon-com-inc-amzn-receives-average-rating-of-buy-from-brokerages-updated.html. Shares for $1.70M were sold by Jassy Andrew R. 735 shares valued at $700,308 were sold by ALBERG TOM A on Tuesday, May 9. Following the transaction, the director now directly owns 22,525 shares of the company's stock, valued at approximately $19,146,250.
On 2/21/2017 David Zapolsky, Insider, sold 503 with an average share price of $850.00 per share and the total transaction amounting to $427,550.00. The shares were sold at an average price of $940.74, for a total value of $940,740,000.00. Analyst's mean target price for the firm is $30.27 while analysts mean recommendation is 2.30.