Cantor Fitzgerald reissued their buy rating on shares of Amazon.com Inc. (NASDAQ:AMZN) in a research note released on Wednesday.

A number of other equities analysts have also recently weighed in on AMZN. Zacks Investment Research raised shares of Amazon.com from a hold rating to a strong-buy rating and set a $968.00 price objective for the company in a research report on Friday, October 7th. Vetr raised shares of Amazon.com from a hold rating to a buy rating and set a $880.16 price objective for the company in a research report on Thursday, October 6th. SunTrust Banks Inc. upped their price objective on shares of Amazon.com from $800.00 to $850.00 and gave the company a neutral rating in a research report on Wednesday, October 5th. Morgan Stanley upped their price objective on shares of Amazon.com from $800.00 to $950.00 and gave the company an overweight rating in a research report on Wednesday, October 5th. Finally, Canaccord Genuity reissued a buy rating and issued a $825.00 price objective on shares of Amazon.com in a research report on Tuesday, October 4th. Five research analysts have rated the stock with a hold rating, forty-six have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and an average target price of $891.31.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

Shares of Amazon.com (NASDAQ:AMZN) traded down 1.10% during trading on Wednesday, reaching $824.95. The company had a trading volume of 1,556,293 shares. The stock has a market capitalization of $391.09 billion, a price-to-earnings ratio of 205.16 and a beta of 1.20. The stock has a 50 day moving average of $796.14 and a 200 day moving average of $723.94. Amazon.com has a 52-week low of $474.00 and a 52-week high of $847.21.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.67. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. The firm earned $30.40 billion during the quarter, compared to the consensus estimate of $29.54 billion. During the same period in the prior year, the firm earned $0.19 EPS. The firm’s quarterly revenue was up 31.1% compared to the same quarter last year. Equities research analysts forecast that Amazon.com will post $5.85 EPS for the current year.

In other Amazon.com news, insider Jeffrey M. Blackburn sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $760.98, for a total transaction of $7,609,800.00. Following the sale, the insider now directly owns 55,887 shares of the company’s stock, valued at $42,528,889.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $756.74, for a total transaction of $756,740,000.00. Following the sale, the chief executive officer now directly owns 81,871,067 shares in the company, valued at $61,955,111,241.58. The disclosure for this sale can be found here. 17.70% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in AMZN. Pathstone Family Office LLC increased its stake in Amazon.com by 92.1% in the second quarter. Pathstone Family Office LLC now owns 146 shares of the e-commerce giant’s stock valued at $105,000 after buying an additional 70 shares during the period. Kistler Tiffany Companies LLC increased its stake in Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock valued at $108,000 after buying an additional 136 shares during the period. Kings Point Capital Management acquired a new stake in Amazon.com during the second quarter valued at approximately $109,000. Krilogy Financial LLC increased its stake in Amazon.com by 157.1% in the second quarter. Krilogy Financial LLC now owns 198 shares of the e-commerce giant’s stock valued at $142,000 after buying an additional 121 shares during the period. Finally, West Oak Capital LLC increased its stake in Amazon.com by 105.7% in the second quarter. West Oak Capital LLC now owns 216 shares of the e-commerce giant’s stock valued at $155,000 after buying an additional 111 shares during the period. 65.44% of the stock is currently owned by institutional investors and hedge funds.

About Amazon.com

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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