(NASDAQ:AMZN)'s stock as a Buy in a research note published on Tuesday, March 13th, 2018 and posted a $1850 price target on the common stock of Amazon.com, Inc. It is positive, as 69 investors sold AMZN shares while 578 reduced holdings. First Citizens Bank & Trust Co. now owns 14,927 shares of the e-commerce giant's stock valued at $10,682,000 after buying an additional 5,068 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Amazon.com by 2.9% in the second quarter. 13,470 shares were sold by Melvin Capital Management Lp as the company's stock rose 28.13% while stock markets declined. The institutional investor held 386 shares of the consumer services company at the end of 2017Q4, valued at $451,000, up from 61 at the end of the previous reported quarter. The Amazon.com, Inc. has 500.13M shares outstanding with 16.3% insider ownership. Truepoint Inc. now owns 572,965 shares of the e-commerce giant's stock valued at $573,000 after purchasing an additional 572,359 shares during the period. Cypress Capital Mgmt Ltd Liability Corporation reported 0.08% in Amazon.com, Inc. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant's stock valued at $23,160,193,000 after purchasing an additional 554,990 shares in the last quarter. (NASDAQ:AMZN) for 4,964 shares.
Among 54 analysts covering Amazon.com (NASDAQ:AMZN), 50 have Buy rating, 0 Sell and 4 Hold. JPMorgan Chase reaffirmed an "overweight" rating and issued a $1,375.00 price target (up previously from $1,220.00) on shares of Amazon.com in a research note on Monday, December 18th. Wolfe Research gave the stock an Outperform rating, while setting a price target at $2000 in a research note from Friday, February 23rd, 2018. In Friday, February 2 report Aegis Capital maintained the stock with "Buy" rating. In Friday, October 27 report UBS maintained the stock with "Buy" rating.
In other Amazon.com news, VP Shelley Reynolds sold 544 shares of the firm's stock in a transaction on Thursday, February 15th. Amazon trades on 230 times earnings - an extraordinary valuation that one sometimes sees in young growth stocks, but not in one of the biggest companies in the world. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. WILKE JEFFREY A sold $3.25M worth of stock or 2,800 shares. The stock was sold at an average price of $1,462.32, for a total value of $795,502.08. The disclosure for this sale can be found here. "Our launch in Australia was the largest order volume on a first-day country launch that we had in our company history, which is extremely gratifying", he said. Corporate insiders own 17.00% of the company's stock. The stock increased 0.24% or $0.2 during the last trading session, reaching $82.57.
Disturbing Footage Shows IDF Soldiers Cheering Shooting Unarmed Man
A video showing Israeli snipers celebrating after shooting a Palestinian man at the Gaza border has emerged, provoking outrage. Israel has accused Hamas of using the protests as a cover for carrying out attacks and bringing infiltrators into Israel.
Amazon's continued investment in R&D shows that the company is committed to becoming more than an online retailer as it has repeatedly gone toe to toe with Alphabet and the other tech giants in recent years. (NASDAQ:AMZN). Staley Cap Advisers has 0.26% invested in Amazon.com, Inc. The company has a current ratio of 1.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.89. Ameriprise Financial Inc who had been investing in Amazon.Com Inc for a number of months, seems to be bullish on the $695.28 billion market cap company.
Shares of AMZN stock opened at $1,436.22 on Wednesday. The e-commerce giant reported $2.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.85 by $0.31.
Jefferies rated the Amazon.com, Inc. During the same quarter past year, the company earned $1.54 EPS. Inv House Ltd Liability has 2.3% invested in Amazon.com, Inc.
Mark Zuckerberg takes heat over illegal opioid sales on Facebook
CEO and founder Mark Zuckerberg was in the hot seat once again on Capitol Hill Wednesday admitting that even his data was compromised.
While Amazon may have been the biggest spender previous year in terms of R&D, the company is followed by Alphabet, Intel, Microsoft and Apple.
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Russian Federation vetoes Syria chemical weapons inquiry
Russia vetoed a USA text, while two Russian-drafted resolutions failed to get the minimum nine votes required for approval. Meanwhile, US media reported that Trump ordered another US warship to the Syrian coast in preparation for the assault.