Amazon.com (AMZN) : The consensus on Amazon.com (AMZN) based on 29 analyst recommendation on the company stock is 1.24, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 24 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Amazon.com (AMZN) stock is expected to deviate a maximum of $82.73 from the average target price of $848.03 for the short term period. 30 Street Experts have initiated coverage on the stock with the most promising target being $995 and the most muted being $585.
For the current week, the company shares have a recommendation consensus of Buy. Amazon.com (NASDAQ:AMZN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $769.94 and $769.12 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $773.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $771.24, notching a gain of 0.35% for the day. The total traded volume was 2,019,740 . The stock had closed at $768.56 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Bezos Jeffrey P, director officer 10% owner (Chairman, CEO and Pre of Amazon Com Inc, had unloaded 1,000,000 shares at an average price of $757.22 in a transaction dated on August 2, 2016. The total value of the transaction was worth $757,220,000.
Amazon.com, Inc. (Amazon.com) is an e-commerce company. The Company sells a range of products and services through its Websites. The Companys 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 Companys 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.