(AMZN) is Reiterated by JP Morgan to Overweight, Raises Price Target to $ 1000 (AMZN) was Reiterated by JP Morgan to “Overweight” according to the research note released today. The brokerage firm has raised the Price Target to $ 1000 from a previous price target of $925 . JP Morgan advised their investors in a research report released on Sep 27, 2016.

Many Wall Street Analysts have commented on Company shares were Reiterated by Mizuho on Sep 23, 2016 to “Buy”, Firm has raised the Price Target to $ 950 from a previous price target of $855 was Upgraded by Argus to ” Buy” on Sep 22, 2016. Company shares were Reiterated by RBC Capital Mkts on Sep 16, 2016 to “Outperform”, Firm has raised the Price Target to $ 1000 from a previous price target of $840 .

On the company’s financial health, reported $1.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.66 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.12. The company had revenue of $30404.00 million for the quarter, compared to analysts expectations of $29566.97 million. The company’s revenue was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS. opened for trading at $794.27 and hit $805.889 on the upside on Thursday, eventually ending the session at $804.7, with a gain of 1.89% or 14.96 points. The heightened volatility saw the trading volume jump to 40,78,910 shares. Company has a market cap of $381,487 M.

In a different news, on Sep 23, 2016, Andrew R Jassy (CEO Amazon Web Services) sold 14,000 shares at $800.00 per share price. According to the SEC, 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. Inc. ( 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. 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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