Breaking: Amazon (NASDAQ:AMZN) Buy Rating Kept by Analysts at Wells Fargo Today; The Target Given is $1430.0

January 14, 2018 - By simple simple

 Breaking: Amazon (NASDAQ:AMZN) Buy Rating Kept by Analysts at Wells Fargo Today; The Target Given is $1430.0

Investors sentiment decreased to 1.26 in 2017 Q3. Its down 0.10, from 1.36 in 2017Q2. It dived, as 73 investors sold Amazon.com, Inc. shares while 549 reduced holdings. 127 funds opened positions while 657 raised stakes. 279.77 million shares or 1.91% less from 285.20 million shares in 2017Q2 were reported.

Schaper Benz And Wise Investment Counsel Wi holds 0.13% or 904 shares. Davis, a Alabama-based fund reported 8,487 shares. Delta Asset Mgmt Llc Tn stated it has 404 shares or 0.06% of all its holdings. Oxbow Advisors Ltd Liability Company has invested 0.28% in Amazon.com, Inc. (NASDAQ:AMZN). 2,250 are owned by Davis R M Incorporated. Fulton National Bank & Trust Na holds 4,069 shares. Marvin Palmer Associate invested in 0.05% or 40 shares. Tower Bridge Advisors holds 890 shares or 0.1% of its portfolio. Contravisory Inv Management reported 114 shares or 0.04% of all its holdings. Commonwealth Equity Service invested in 90,471 shares. Golub Grp Inc Limited Liability Co invested 0.02% in Amazon.com, Inc. (NASDAQ:AMZN). Pictet & Cie (Europe) has invested 5.76% in Amazon.com, Inc. (NASDAQ:AMZN). Gamco Investors Inc Et Al stated it has 3,177 shares or 0.02% of all its holdings. Baldwin Inv Management Limited Com holds 0.85% or 2,345 shares. Aspen Investment Inc holds 754 shares.

Since August 3, 2017, it had 0 insider purchases, and 9 insider sales for $16.47 million activity. Olsavsky Brian T sold $2.31M worth of stock or 2,334 shares. $3.25M worth of Amazon.com, Inc. (NASDAQ:AMZN) shares were sold by WILKE JEFFREY A. Zapolsky David sold $2.30 million worth of stock. Reynolds Shelley also sold $536,666 worth of Amazon.com, Inc. (NASDAQ:AMZN) on Tuesday, August 15. 2,077 shares valued at $2.05M were sold by Blackburn Jeffrey M on Tuesday, August 15.

Amazon (NASDAQ:AMZN) Rating Reaffirmed

They currently have a $1430.0 target price on Amazon (NASDAQ:AMZN). The target price by Wells Fargo would suggest a potential upside of 9.56 % from the company’s last price. This has been released in an analyst report on Friday morning.

Investors sentiment decreased to 1.26 in 2017 Q3. Its down 0.10, from 1.36 in 2017Q2. It dived, as 73 investors sold Amazon.com, Inc. shares while 549 reduced holdings. 127 funds opened positions while 657 raised stakes. 279.77 million shares or 1.91% less from 285.20 million shares in 2017Q2 were reported.

Schaper Benz And Wise Investment Counsel Wi holds 0.13% or 904 shares. Davis, a Alabama-based fund reported 8,487 shares. Delta Asset Mgmt Llc Tn stated it has 404 shares or 0.06% of all its holdings. Oxbow Advisors Ltd Liability Company has invested 0.28% in Amazon.com, Inc. (NASDAQ:AMZN). 2,250 are owned by Davis R M Incorporated. Fulton National Bank & Trust Na holds 4,069 shares. Marvin Palmer Associate invested in 0.05% or 40 shares. Tower Bridge Advisors holds 890 shares or 0.1% of its portfolio. Contravisory Inv Management reported 114 shares or 0.04% of all its holdings. Commonwealth Equity Service invested in 90,471 shares. Golub Grp Inc Limited Liability Co invested 0.02% in Amazon.com, Inc. (NASDAQ:AMZN). Pictet & Cie (Europe) has invested 5.76% in Amazon.com, Inc. (NASDAQ:AMZN). Gamco Investors Inc Et Al stated it has 3,177 shares or 0.02% of all its holdings. Baldwin Inv Management Limited Com holds 0.85% or 2,345 shares. Aspen Investment Inc holds 754 shares.

Since August 3, 2017, it had 0 insider purchases, and 9 insider sales for $16.47 million activity. Olsavsky Brian T sold $2.31M worth of stock or 2,334 shares. $3.25M worth of Amazon.com, Inc. (NASDAQ:AMZN) shares were sold by WILKE JEFFREY A. Zapolsky David sold $2.30 million worth of stock. Reynolds Shelley also sold $536,666 worth of Amazon.com, Inc. (NASDAQ:AMZN) on Tuesday, August 15. 2,077 shares valued at $2.05M were sold by Blackburn Jeffrey M on Tuesday, August 15.

Amazon.com, Inc. (NASDAQ:AMZN) Ratings Coverage

Among 50 analysts covering Amazon.com (NASDAQ:AMZN), 47 have Buy rating, 0 Sell and 3 Hold. Therefore 94% are positive. Amazon.com has $1500.0 highest and $105 lowest target. $1139.01’s average target is -12.73% below currents $1305.2 stock price. Amazon.com had 246 analyst reports since July 21, 2015 according to SRatingsIntel. Nomura maintained it with “Buy” rating and $775 target in Tuesday, May 3 report. As per Friday, June 16, the company rating was maintained by Stifel Nicolaus. Piper Jaffray maintained the stock with “Buy” rating in Friday, September 4 report. The company was maintained on Friday, February 3 by Benchmark. The company was maintained on Wednesday, May 31 by J.P. Morgan. The rating was maintained by Benchmark on Monday, June 19 with “Buy”. The firm has “Overweight” rating by Barclays Capital given on Friday, July 24. The stock of Amazon.com, Inc. (NASDAQ:AMZN) earned “Hold” rating by KeyBanc Capital Markets on Wednesday, June 21. The firm has “Outperform” rating by RBC Capital Markets given on Friday, January 29. Macquarie Research maintained it with “Outperform” rating and $760 target in Tuesday, December 22 report.

The stock increased 2.23% or $28.52 during the last trading session, reaching $1305.2. About 5.44 million shares traded or 53.23% up from the average. Amazon.com, Inc. (NASDAQ:AMZN) has risen 37.41% since January 14, 2017 and is uptrending. It has outperformed by 20.71% the S&P500.

Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on February, 1. They expect $1.94 EPS, up 25.97 % or $0.40 from last year’s $1.54 per share. AMZN’s profit will be $934.83M for 168.20 P/E if the $1.94 EPS becomes a reality. After $0.52 actual EPS reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts 273.08 % EPS growth.

Amazon.com, Inc. engages in the retail sale of consumer products and subscriptions in North America and internationally. The company has market cap of $628.94 billion. It operates through the North America, International, and Amazon Web Services divisions. It has a 332.79 P/E ratio. The firm sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

More notable recent Amazon.com, Inc. (NASDAQ:AMZN) news were published by: Investorplace.com which released: “Amazon.com, Inc. Is Relying on This Vulnerable Segment” on January 11, 2018, also Usnews.com with their article: “Amazon Sets Sights on Online Advertising” published on January 03, 2018, Investorplace.com published: “Amazon.com, Inc. Has Google in the Crosshairs of the ‘Great Game'” on January 10, 2018. More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) were released by: Seekingalpha.com and their article: “If Retailers Really Want To Compete With Amazon” published on January 12, 2018 as well as Investorplace.com‘s news article titled: “Will Amazon.com, Inc. Really Buy Target Corporation? Yes!” with publication date: January 12, 2018.

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