Amazon (NASDAQ:AMZN) “Buy” Rating Reconfirmed Today By Merrill Lynch; The Target Given is $2000.0000

Amazon.com, Inc. (NASDAQ:AMZN) Logo

Investors sentiment increased to 1.34 in 2018 Q2. Its up 0.26, from 1.08 in 2018Q1. It increased, as 50 investors sold Amazon.com, Inc. shares while 590 reduced holdings. 170 funds opened positions while 686 raised stakes. 268.42 million shares or 0.77% more from 266.38 million shares in 2018Q1 were reported.

Wade G W & Inc stated it has 0.8% in Amazon.com, Inc. (NASDAQ:AMZN). Logan Capital Incorporated reported 32,931 shares. Lvw Ltd holds 0.41% or 753 shares in its portfolio. Prudential Financial invested 1.68% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Natixis reported 211,928 shares. Covington Cap Mgmt holds 1.93% or 17,715 shares in its portfolio. Ally Fincl holds 1% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN) for 3,000 shares. Barometer Cap Mgmt holds 15,275 shares or 2.17% of its portfolio. Clifford Swan Inv Counsel Ltd Llc invested 0.72% in Amazon.com, Inc. (NASDAQ:AMZN). Excalibur Mngmt holds 0.42% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN) for 307 shares. Centre Asset Management Ltd reported 14,170 shares. 11,754 were reported by Franklin Street Incorporated Nc. Fulton Bancshares Na reported 4,328 shares stake. Mckinley Capital Mngmt Limited Liability Corporation Delaware owns 35,075 shares or 3.86% of their US portfolio. Ogorek Anthony Joseph Ny Adv holds 0.19% or 144 shares in its portfolio.

Since August 15, 2018, it had 0 buys, and 22 insider sales for $92.11 million activity. 1,230 shares were sold by WILKE JEFFREY A, worth $1.85M on Tuesday, November 20. On Monday, October 29 BEZOS JEFFREY P sold $27.69 million worth of Amazon.com, Inc. (NASDAQ:AMZN) or 16,964 shares. Olsavsky Brian T sold $3.21 million worth of stock. 1,929 shares were sold by Zapolsky David, worth $3.02M on Thursday, November 15. Reynolds Shelley had sold 435 shares worth $824,513. Shares for $8.02 million were sold by Blackburn Jeffrey M.

Amazon (NASDAQ:AMZN) Rating Reaffirmed

In an analyst report issued this morning, Merrill Lynch reconfirmed their “Buy” rating on Amazon (NASDAQ:AMZN) shares. The target gives a possible upside of 18.33 % from company’s last stock price.

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

Among 20 analysts covering Amazon.com (NASDAQ:AMZN), 20 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Amazon.com has $2525 highest and $183000 lowest target. $2157.37’s average target is 27.64% above currents $1690.17 stock price. Amazon.com had 27 analyst reports since June 4, 2018 according to SRatingsIntel. As per Wednesday, November 28, the company rating was maintained by Bank of America. The rating was maintained by DA Davidson with “Buy” on Wednesday, September 5. The firm earned “Outperform” rating on Friday, July 27 by Credit Suisse. Credit Suisse maintained Amazon.com, Inc. (NASDAQ:AMZN) on Monday, July 16 with “Outperform” rating. Wedbush maintained the shares of AMZN in report on Friday, July 27 with “Outperform” rating. The firm earned “Buy” rating on Thursday, June 21 by UBS. BMO Capital Markets maintained the shares of AMZN in report on Friday, July 27 with “Outperform” rating. The rating was maintained by Cowen & Co on Friday, July 13 with “Outperform”. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Buy” rating given on Thursday, September 27 by Stifel Nicolaus. On Friday, July 13 the stock rating was maintained by Barclays Capital with “Overweight”.

The stock increased 0.99% or $16.6 during the last trading session, reaching $1690.17. About 5.76M shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 102.53% since December 2, 2017 and is uptrending. It has outperformed by 86.91% the S&P500.

Amazon.com, Inc. engages in the retail sale of consumer products and subscriptions in North America and internationally. The company has market cap of $826.44 billion. It operates through the North America, International, and Amazon Web Services divisions. It has a 94.7 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: “The New Amazon Blockchain Products Could Be Huge for AMZN – Investorplace.com” on November 30, 2018, also Seekingalpha.com with their article: “Amazon In 2023 With Priya Anand (Podcast) – Seeking Alpha” published on November 27, 2018, Seekingalpha.com published: “Amazon Stock Faces Even Steeper Declines – Seeking Alpha” on November 19, 2018. More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) were released by: Nasdaq.com and their article: “Will Tesla Stock Find Another Gear Amidst Market Sell-Off? – Nasdaq” published on November 26, 2018 as well as Seekingalpha.com‘s news article titled: “Amazon Is Delivering Solid Growth In India – Seeking Alpha” with publication date: November 15, 2018.

Amazon.com, Inc. (NASDAQ:AMZN) Institutional Positions Chart

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