William Blair Initiates Coverage on Amazon.com to Outperform

William Blair Initiates Coverage on Amazon.com(NASDAQ:AMZN). The shares have been rated Outperform. The rating by William Blair was issued on Jun 10, 2016.

In a different note, On May 3, 2016, Nomura said it Maintains its rating on Amazon.com. In the research note, the firm Raises the price-target to $750.00 per share. The shares have been rated ‘Buy’ by the firm. On Apr 29, 2016, Axiom said it Maintains its rating on Amazon.com. In the research note, the firm Raises the price-target to $797.00 per share. The shares have been rated ‘Buy’ by the firm. On Apr 29, 2016, Goldman Sachs said it Maintains its rating on Amazon.com. In the research note, the firm Raises the price-target to $720.00 per share. The shares have been rated ‘Buy’ by the firm. On Apr 29, 2016, Credit Suisse said it Maintains its rating on Amazon.com. In the research note, the firm Raises the price-target to $800.00 per share. The shares have been rated ‘Outperform’ by the firm. On Apr 29, 2016, Citigroup said it Maintains its rating on Amazon.com. In the research note, the firm Raises the price-target to $760.00 per share. The shares have been rated ‘Buy’ by the firm. On Apr 7, 2016, JP Morgan said it Maintains its rating on Amazon.com. In the research note, the firm Lowers the price-target to $825.00 per share. The shares have been rated ‘Overweight’ by the firm.

Amazon.com (AMZN) shares turned negative on Wednesdays trading session with the shares closing down -5.04 points or -0.70% at a volume of 27,09,447. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $722.56. The peak price level was also seen at $722.56 while the days lowest was $713.3522. Finally the shares closed at $714.26. The 52-week high of the shares is $731.5 while the 52-week low is $422.64. According to the latest information available, the market cap of the company is $337,008 M.

Amazon.com(AMZN) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $29.13B. Analysts had an estimated revenue of $27.98B. Earnings per share were $1.07. Analysts had estimated an EPS of $0.58.

Several Insider Transactions has been reported to the SEC. On Jun 8, 2016, Patricia Q Stonesifer (director) sold 6,250 shares at $725.93 per share price.Also, On May 17, 2016, David Zapolsky (Senior Vice President) sold 2,019 shares at $705.49 per share price.On May 17, 2016, Shelley Reynolds (Vice President) sold 626 shares at $704.84 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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