If the stock is trading higher than the moving average, the average may provide a level of support. Pioneer Investment Management Inc. now owns 11,052 shares of the e-commerce giant’s stock valued at $7,470,000 after buying an additional 3,091 shares in the last quarter.
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Another important metric used by institutional and retail investors alike, is the analyst price target on a stock. It also manufactures and sells electronic devices including Kindle e-readers Fire tablets Fire TVs Echo and Fire phones.
TheStreet Ratings team rates Amazon.com as a Buy with a ratings score of B-.
The bump may have been linked to a new buy rating for Amazon on Wall Street, the Seattle company’s seventh this year. RBC Capital Markets restated an “outperform” rating and set a $1,000.00 target price (up previously from $840.00) on shares of Amazon.com in a research report on Friday, September 16th. He said that Amazon will grow on the back of revenue growth and margin expansion in its Web services business. The stock has gained almost 49% during the last 12 months.
With a total market value of $0, Amazon has 52 week low of $474.00 and a 52 week high of $790.79 with a P/E ratio of 196.40.
Amazon’s market cap is now the fourth largest in the world, trailing only Apple, Alphabet, and Microsoft. Company stock has been recently noted +15.451% off the 200 day moving average of $696.701. (NASDAQ:AMZN) saw a move of +1.849%.
On the company’s financial health, Amazon.com reported $1.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.66 according to the earnings call on Jul 28, 2016. The firm earned $30.40 billion during the quarter, compared to the consensus estimate of $29.54 billion. And now, Amazon has announced another new service, signalling that the company does not want you to share your wallet with any other online player. The company had revenue of $30404.00 million for the quarter, compared to analysts expectations of $29566.97 million.
But Amazon has been on a winning streak, rising 19% year-to-date on a series of earnings beats.
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Amazon stock topped $800 for the first time Thursday, surging to $805 in mid-afternoon trading. The shares were sold at an average price of $756.74, for a total transaction of $756,740,000.00.
