Barclays Initiates Coverage On Amazon.com to Overweight with Price Target $1120

Barclays Initiates Coverage On Amazon.com(AMZN). In a research note issued to the investors, the brokerage major Announces the price-target to $1120 per share. The shares have been rated Overweight. The rating by the stock financial advisor at Barclays was issued on Mar 28, 2017 in a research report to their Investors and Clients.

In a different note, Aegis Capital said it Initiates Coverage On Amazon.com, according to a research note issued on Jan 20, 2017. In the research note, the firm Announces the price-target to $953 per share. The shares have been rated ‘Buy’ by the firm.

Amazon.com (AMZN) shares turned negative on Fridays trading session with the shares closing down -1.77 points or -0.21% at a volume of 21,38,269. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $851.8. The peak price level was also seen at $851.8 while the days lowest was $843.53. Finally the shares closed at $845.61. The 52-week high of the shares is $862.795 while the 52-week low is $567.08. According to the latest information available, the market cap of the company is $403,500 M.

Amazon.com(AMZN) last announced its earnings results on Feb 2, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $43.741B. Analysts had an estimated revenue of $44.650B. Earnings per share were $1.54. Analysts had estimated an EPS of $1.36.

Several Insider Transactions has been reported to the SEC. On Mar 3, 2017, Thomas O Ryder (director) sold 4,000 shares at $852.23 per share price.Also, On Feb 22, 2017, Tom A Alberg (director) sold 590 shares at $850.00 per share price.On Feb 22, 2017, David Zapolsky (Senior Vice President) sold 503 shares at $850.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Amazon.com Inc. (Amazon.com) 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. 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 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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