JP Morgan Maintains Amazon.com to Overweight with Price Target $1.00K

Brokerage firm JP Morgan Maintains its rating on Amazon.com(NASDAQ:AMZN). In a research note issued to the investors, the brokerage major Raises the price-target to $1.00K per share. The shares have been rated Overweight. The rating by JP Morgan was issued on Sep 27, 2016.

In a different note, On Sep 22, 2016, Argus Research said it Upgrades its rating on Amazon.com. The shares have been rated ‘Buy’ by the firm. On Aug 2, 2016, MKM Partners said it Maintains its rating on Amazon.com. In the research note, the firm Raises the price-target to $850.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 29, 2016, UBS said it Maintains its rating on Amazon.com. In the research note, the firm Raises the price-target to $785.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 29, 2016, SunTrust Robinson Humphrey said it Maintains its rating on Amazon.com. In the research note, the firm Raises the price-target to $775.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 29, 2016, JP Morgan said it Maintains its rating on Amazon.com. In the research note, the firm Raises the price-target to $908.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jul 29, 2016, JMP Securities said it Maintains its rating on Amazon.com. In the research note, the firm Raises the price-target to $775.00 per share. The shares have been rated ‘Market Outperform’ by the firm.

Amazon.com (AMZN) made into the market gainers list on Fridays trading session with the shares advancing 1.00% or 8.26 points. Due to strong positive momentum, the stock ended at $837.31, which is also near the day’s high of $839.95. The stock began the session at $832.61 and the volume stood at 44,30,566 shares. The 52-week high of the shares is $839.95 and the 52 week low is $474. The company has a current market capitalization of $396,947 M and it has 47,40,73,540 shares in outstanding.

Amazon.com(AMZN) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $30.40B. Analysts had an estimated revenue of $29.54B. Earnings per share were $1.78. Analysts had estimated an EPS of $1.11.

Several Insider Transactions has been reported to the SEC. On Sep 23, 2016, Andrew R Jassy (CEO Amazon Web Services) sold 14,000 shares at $800.00 per share price.Also, On Aug 17, 2016, Jeffrey A Wilke (CEO Worldwide Consumer) sold 4,890 shares at $768.90 per share price.On Aug 17, 2016, Diego Piacentini (Senior Vice President) sold 5,477 shares at $770.06 per share price, according to the Form-4 filing with the securities and exchange commission.

Amazon.com Inc. (Amazon.com) 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.

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