Amazon.com Price Target Raised to $710.00

The e-commerce giant reported $0.17 EPS for the quarter, topping analysts' consensus estimates of ($0.13) by $0.30. Despite the hopes for the future that Wall Street is building into the price of the firm's shares not everyone on Wall Street is happy with the way the firm looks right now. They now have a $700.00 price target on the e-commerce giant's stock. The total value of transaction was $3,158,688.

The stock's 50 day moving average is $537.35 and its 200 day moving average is $474.85.

During a conference call, analysts asked the company about its outlook for long-term margins on Amazon Web Services, however, NASDAQ:AMZN offered no details.

Amazon has an analyst consensus of Strong Buy, with a price target consensus of $644.67.

Microsoft management noted that during the third quarter the company had raised its annual dividend by 16 percent and "returned $6.9 billion to shareholders" in stock buybacks and dividends combined. Amazon.com has a 52 week low of $285.02 and a 52 week high of $619.45.

The online retailer reported adjusted $0.17 earnings per share (EPS), beating estimates of $0.133 loss per share. The company has a market cap of $282.96 billion. Amazon has recently hired new staff for the busy holiday season that can add a burden to company expenses. Wedbush reiterated a buy rating and issued a $700.00 price objective (up previously from $575.00) on shares of Amazon.com in a research report on Friday, July 24th. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. During the same period previous year, the company earned ($0.95) EPS. Only in the second quarter, AWS revenues grew by 81% YoY - extraordinary that Amazon managed to keep up its growth on consecutive basis. Amazon provided a huge range for operating income of $80 million to $1.3 billion, something that the market for AMZN shares certainly doesn't seem to have a problem with.

Amazon.com, Inc. (NASDAQ:AMZN) has risen 48.99% since March 20, 2015 and is uptrending. The Company sells a variety of products through its Websites. The 12-month consensus target price is $701.31. The company lists unique items in categories such as books, music, DVDs, videos, consumer electronics, toys, camera and photo items, software, computer and video games, tools and hardware, lawn and patio items, kitchen products, and wireless products. The Company's products can be found through consumer-facing Websites, like merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. In addition, it produces and sells electronic devices, including Kindle e readers, Fire pills, Fire TVs, Echo and Fire telephones.

Sales from North America jumped to $15.01 billion from $11.70 billion last year, while worldwide sales rose to $8.27 billion from $7.71 billion last year. The North America section targets retail sales brought in through North America-centered Websites. Revenue from Amazon Web Services, which analysts from pretty much every firm have been watching closely, skyrocketed by 78% and hit an operating margin of 25%. It serves Kindle Direct Publishing to authors and independent publishers.