Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating reaffirmed by analysts at Deutsche Bank in a research report issued to clients and investors on Saturday, Market Beat Ratings reports. They presently have a $800.00 target price on the e-commerce giant’s stock. Deutsche Bank’s target price would indicate a potential upside of 36.29% from the company’s current price.

In other news, Director Patricia Q. Stonesifer sold 6,250 shares of the stock in a transaction on Thursday, December 3rd. The stock was sold at an average price of $678.86, for a total transaction of $4,242,875.00. Following the completion of the transaction, the director now owns 25,423 shares in the company, valued at approximately $17,258,657.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas O. Ryder sold 4,000 shares of the stock in a transaction on Monday, November 16th. The stock was sold at an average price of $636.84, for a total value of $2,547,360.00. Following the transaction, the director now owns 24,653 shares of the company’s stock, valued at approximately $15,700,016.52. The disclosure for this sale can be found here.

Amazon.com (NASDAQ:AMZN) traded down 7.61% on Friday, hitting $587.00. 14,677,550 shares of the stock traded hands. The stock has a market capitalization of $276.48 billion and a P/E ratio of 469.60. The company’s 50 day moving average price is $629.57 and its 200-day moving average price is $579.96. Amazon.com has a 12-month low of $350.01 and a 12-month high of $696.44.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, January 28th. The e-commerce giant reported $1.00 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.56 by $0.56. The firm had revenue of $35.75 billion for the quarter, compared to analyst estimates of $35.99 billion. The business’s revenue was up 21.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 earnings per share. Analysts predict that Amazon.com will post $4.95 EPS for the current year.

Other equities research analysts have also issued research reports about the stock. Citigroup Inc. increased their price objective on shares of Amazon.com from $700.00 to $785.00 in a report on Friday, November 13th. Cantor Fitzgerald reissued a “buy” rating and set a $670.00 price objective on shares of Amazon.com in a report on Friday, October 2nd. Piper Jaffray reissued a “buy” rating and set a $650.00 price objective on shares of Amazon.com in a report on Monday, October 19th. Bank of America reissued a “buy” rating and set a $620.00 price objective on shares of Amazon.com in a report on Monday, October 19th. Finally, Robert W. Baird reissued a “buy” rating and set a $710.00 price objective (up previously from $630.00) on shares of Amazon.com in a report on Monday, October 19th. Nine investment analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Amazon.com has a consensus rating of “Buy” and a consensus price target of $700.64.

Several hedge funds and institutional investors have recently bought and sold shares of AMZN. Great West Life Assurance Co. Can increased its position in Amazon.com by 0.9% in the fourth quarter. Great West Life Assurance Co. Can now owns 221,628 shares of the e-commerce giant’s stock valued at $149,889,000 after buying an additional 1,957 shares during the last quarter. Trust Co. of Vermont increased its position in Amazon.com by 14.0% in the fourth quarter. Trust Co. of Vermont now owns 9,164 shares of the e-commerce giant’s stock valued at $6,194,000 after buying an additional 1,125 shares during the last quarter. Linscomb & Williams Inc. increased its position in Amazon.com by 7.2% in the fourth quarter. Linscomb & Williams Inc. now owns 2,068 shares of the e-commerce giant’s stock valued at $1,398,000 after buying an additional 139 shares during the last quarter. Highstreet Asset Management Inc. increased its position in Amazon.com by 65.1% in the fourth quarter. Highstreet Asset Management Inc. now owns 1,971 shares of the e-commerce giant’s stock valued at $1,332,000 after buying an additional 777 shares during the last quarter. Finally, Cadence Bank NA increased its position in Amazon.com by 12.7% in the fourth quarter. Cadence Bank NA now owns 444 shares of the e-commerce giant’s stock valued at $300,000 after buying an additional 50 shares during the last quarter.

Amazon.com, Inc. (NASDAQ:AMZN) is an e-commerce company. The Company sells a range of products and services through its Websites. The Company’s products are offered through consumer-facing Websites, which include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It designs its Websites to enable products to be sold by the Company and by third parties across various product categories. It also manufactures and sells electronic devices, including Kindle e-readers, Fire tablets, Fire TVs, Echo and Fire phones. Amazon.com operates in two segments: North America and International. The North America segment focuses on retail sales earned through North America-focused Websites. The International segment focuses on the Company’s operations done through its international Websites. It serves developers and enterprises through Amazon Web Services (AWS). It serves authors and independent publishers with Kindle Direct Publishing.

12 Month Chart for NASDAQ:AMZN

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