Amazon (NASDAQ:AMZN): Canaccord Genuity Reiterates “Buy” Rating Today, Has a Target of $1200.0/Share

December 14, 2017 - By Peter Erickson

 Amazon (NASDAQ:AMZN): Canaccord Genuity Reiterates

Investors sentiment decreased to 1.36 in 2017 Q2. Its down 0.34, from 1.7 in 2017Q1. It worsened, as 64 investors sold Amazon.com, Inc. shares while 542 reduced holdings. 153 funds opened positions while 670 raised stakes. 285.20 million shares or 2.71% less from 293.14 million shares in 2017Q1 were reported.

2,070 are owned by Icon Advisers Inc. Cim Investment Mangement invested in 0.95% or 2,765 shares. Boston Advsrs reported 1.83% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Moreover, Capital Sarl has 0.92% invested in Amazon.com, Inc. (NASDAQ:AMZN). Johnson Investment Counsel Inc holds 5,768 shares or 0.16% of its portfolio. Seabridge Investment Advsr Limited Co holds 0.06% or 272 shares in its portfolio. Utd Cap Fincl Advisers Ltd Llc owns 14,750 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 156,665 shares or 1.49% of the stock. Salem Investment Counselors accumulated 16,160 shares. Guardian Tru has 0.9% invested in Amazon.com, Inc. (NASDAQ:AMZN). Driehaus Capital Limited Liability Com holds 0.02% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN) for 438 shares. Lynch And Assoc In owns 254 shares for 0.1% of their portfolio. Ancora Ltd Com has invested 0.21% in Amazon.com, Inc. (NASDAQ:AMZN). Moreover, Westfield Mgmt Lp has 1.71% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 207,116 shares. Bowling Portfolio Management Lc, Ohio-based fund reported 4,418 shares.

Since August 3, 2017, it had 0 insider purchases, and 8 sales for $13.22 million activity. On Tuesday, August 15 the insider Reynolds Shelley sold $536,666. The insider Jassy Andrew R sold 1,985 shares worth $1.96 million. Blackburn Jeffrey M sold $2.05M worth of stock or 2,077 shares. Olsavsky Brian T also sold $2.31M worth of Amazon.com, Inc. (NASDAQ:AMZN) on Tuesday, August 15. Shares for $2.30 million were sold by Zapolsky David.

Amazon (NASDAQ:AMZN) Rating Reaffirmed

Equity research analysts at Canaccord Genuity now has a $1200.0 target price per share on Amazon (NASDAQ:AMZN). Canaccord Genuity and their recent target price per share means a potential upside of 1.95 % from the company’s previous stock close. The rating has been disclosed in analysts note on Wednesday, 11 October.

Investors sentiment decreased to 1.36 in 2017 Q2. Its down 0.34, from 1.7 in 2017Q1. It worsened, as 64 investors sold Amazon.com, Inc. shares while 542 reduced holdings. 153 funds opened positions while 670 raised stakes. 285.20 million shares or 2.71% less from 293.14 million shares in 2017Q1 were reported.

2,070 are owned by Icon Advisers Inc. Cim Investment Mangement invested in 0.95% or 2,765 shares. Boston Advsrs reported 1.83% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Moreover, Capital Sarl has 0.92% invested in Amazon.com, Inc. (NASDAQ:AMZN). Johnson Investment Counsel Inc holds 5,768 shares or 0.16% of its portfolio. Seabridge Investment Advsr Limited Co holds 0.06% or 272 shares in its portfolio. Utd Cap Fincl Advisers Ltd Llc owns 14,750 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 156,665 shares or 1.49% of the stock. Salem Investment Counselors accumulated 16,160 shares. Guardian Tru has 0.9% invested in Amazon.com, Inc. (NASDAQ:AMZN). Driehaus Capital Limited Liability Com holds 0.02% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN) for 438 shares. Lynch And Assoc In owns 254 shares for 0.1% of their portfolio. Ancora Ltd Com has invested 0.21% in Amazon.com, Inc. (NASDAQ:AMZN). Moreover, Westfield Mgmt Lp has 1.71% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 207,116 shares. Bowling Portfolio Management Lc, Ohio-based fund reported 4,418 shares.

Since August 3, 2017, it had 0 insider purchases, and 8 sales for $13.22 million activity. On Tuesday, August 15 the insider Reynolds Shelley sold $536,666. The insider Jassy Andrew R sold 1,985 shares worth $1.96 million. Blackburn Jeffrey M sold $2.05M worth of stock or 2,077 shares. Olsavsky Brian T also sold $2.31M worth of Amazon.com, Inc. (NASDAQ:AMZN) on Tuesday, August 15. Shares for $2.30 million were sold by Zapolsky David.

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. $1118.38’s average target is -4.99% below currents $1177.09 stock price. Amazon.com had 238 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Buy” rating given on Friday, July 24 by Axiom Capital. The firm has “Overweight” rating given on Tuesday, August 4 by Piper Jaffray. Morgan Stanley maintained the shares of AMZN in report on Wednesday, October 5 with “Overweight” rating. SunTrust maintained Amazon.com, Inc. (NASDAQ:AMZN) rating on Wednesday, October 5. SunTrust has “Neutral” rating and $850 target. The stock of Amazon.com, Inc. (NASDAQ:AMZN) earned “Buy” rating by UBS on Monday, July 17. The rating was maintained by Citigroup with “Buy” on Monday, November 28. The firm has “Hold” rating given on Sunday, July 23 by KeyBanc Capital Markets. Suntrust Robinson maintained the shares of AMZN in report on Friday, July 29 with “Neutral” rating. On Tuesday, August 25 the stock rating was maintained by Mizuho with “Buy”. The stock has “Buy” rating by Nomura on Tuesday, May 3.

The stock increased 1.11% or $12.96 during the last trading session, reaching $1177.09. About 1.78M shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 37.41% since December 14, 2016 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 $1.96 EPS, up 27.27 % or $0.42 from last year’s $1.54 per share. AMZN’s profit will be $944.47M for 150.14 P/E if the $1.96 EPS becomes a reality. After $0.52 actual EPS reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts 276.92 % 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 $567.21 billion. It operates through the North America, International, and Amazon Web Services divisions. It has a 300.12 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: “Why Amazon.com, Inc. May Become an Apparel Powerhouse After All” on December 11, 2017, also Seekingalpha.com with their article: “Gold Rush To Tech Rush” published on December 14, 2017, Usnews.com published: “Amazon Takes Aim at Europe” on December 12, 2017. More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) were released by: Usnews.com and their article: “Amazon’s Pop-Up Stores Could Be Retail’s Future” published on December 05, 2017 as well as Seekingalpha.com‘s news article titled: “Amazon: Updates To Thesis” with publication date: December 11, 2017.

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