Amazon.com Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating reissued by Canaccord Genuity in a research note issued on Tuesday. They currently have a $825.00 target price on the e-commerce giant’s stock. Canaccord Genuity’s target price would suggest a potential downside of 1.08% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the company. Piper Jaffray Cos. restated a “positive” rating on shares of Amazon.com in a research note on Tuesday. Zacks Investment Research downgraded Amazon.com from a “buy” rating to a “hold” rating in a research note on Monday. Wedbush reaffirmed an “outperform” rating on shares of Amazon.com in a research report on Friday. JMP Securities lifted their price objective on Amazon.com from $840.00 to $950.00 and gave the company a “buy” rating in a research report on Friday. Finally, Guggenheim began coverage on Amazon.com in a research report on Friday. They set a “buy” rating and a $950.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company. Amazon.com has a consensus rating of “Buy” and a consensus price target of $885.11.

Shares of Amazon.com (NASDAQ:AMZN) traded down 0.32% on Tuesday, reaching $834.03. 2,946,600 shares of the company’s stock were exchanged. The firm has a market cap of $395.39 billion, a PE ratio of 207.42 and a beta of 1.19. The company has a 50 day moving average price of $781.12 and a 200 day moving average price of $712.35. Amazon.com has a one year low of $474.00 and a one year high of $842.36.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.67. The business earned $30.40 billion during the quarter, compared to the consensus estimate of $29.54 billion. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. The business’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.19 EPS. Analysts expect that Amazon.com will post $5.82 EPS for the current fiscal year.

In other news, CEO Andrew R. Jassy sold 14,000 shares of the business’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $800.00, for a total value of $11,200,000.00. Following the completion of the sale, the chief executive officer now directly owns 68,141 shares of the company’s stock, valued at approximately $54,512,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 2,305 shares of the business’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $769.75, for a total value of $1,774,273.75. Following the completion of the sale, the chief executive officer now directly owns 84,446 shares of the company’s stock, valued at $65,002,308.50. The disclosure for this sale can be found here. Company insiders own 17.70% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Cornerstone Advisors Inc. increased its stake in Amazon.com by 0.4% in the second quarter. Cornerstone Advisors Inc. now owns 558 shares of the e-commerce giant’s stock valued at $399,000 after buying an additional 2 shares during the last quarter. Cadence Bank NA increased its stake in Amazon.com by 0.4% in the second quarter. Cadence Bank NA now owns 497 shares of the e-commerce giant’s stock valued at $355,000 after buying an additional 2 shares during the last quarter. American Economic Planning Group Inc. ADV increased its stake in Amazon.com by 0.6% in the second quarter. American Economic Planning Group Inc. ADV now owns 365 shares of the e-commerce giant’s stock valued at $261,000 after buying an additional 2 shares during the last quarter. First Niagara Bank increased its stake in Amazon.com by 0.3% in the second quarter. First Niagara Bank now owns 1,330 shares of the e-commerce giant’s stock valued at $952,000 after buying an additional 4 shares during the last quarter. Finally, Hartford Financial Management Inc. increased its stake in Amazon.com by 1.1% in the second quarter. Hartford Financial Management Inc. now owns 475 shares of the e-commerce giant’s stock valued at $339,000 after buying an additional 5 shares during the last quarter. 65.44% of the stock is owned by institutional investors and hedge funds.

Amazon.com Company Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).

5 Day Chart for NASDAQ:AMZN

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