Stock analysts at Jefferies Group initiated coverage on shares of Amazon.com Inc. (NASDAQ:AMZN) in a report issued on Monday. The firm set a “buy” rating on the e-commerce giant’s stock.

AMZN has been the topic of several other research reports. Zacks Investment Research upgraded shares of Amazon.com from a “hold” rating to a “buy” rating and set a $774.00 price objective on the stock in a research report on Tuesday, June 28th. Morgan Stanley raised 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. Royal Bank Of Canada lowered their price objective on shares of Amazon.com from $1,000.00 to $840.00 and set an “outperform” rating on the stock in a research report on Friday, September 16th. Cowen and Company restated an “outperform” rating and set a $960.00 price objective on shares of Amazon.com in a research report on Wednesday, October 12th. Finally, Evercore ISI restated a “buy” rating on shares of Amazon.com in a research report on Monday, July 18th. Five analysts have rated the stock with a hold rating, forty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $897.87.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

Shares of Amazon.com (NASDAQ:AMZN) traded down 1.21% during trading on Monday, hitting $812.97. 3,323,375 shares of the stock traded hands. Amazon.com has a 12 month low of $474.00 and a 12 month high of $847.21. The firm has a market cap of $385.41 billion, a price-to-earnings ratio of 202.18 and a beta of 1.19. The company has a 50 day moving average price of $800.02 and a 200 day moving average price of $726.41.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.67. The firm had revenue of $30.40 billion for the quarter, compared to analysts’ expectations of $29.54 billion. Amazon.com had a net margin of 1.60% and a return on equity of 13.52%. The business’s quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter last year, the company posted $0.19 EPS. Analysts anticipate that Amazon.com will post $5.85 earnings per share for the current fiscal year.

In related news, CEO Jeffrey P. Bezos sold 1,000,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 81,871,067 shares in the company, valued at $61,955,111,241.58. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 14,000 shares of the company’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $800.00, for a total transaction of $11,200,000.00. Following the transaction, the chief executive officer now owns 68,141 shares of the company’s stock, valued at approximately $54,512,800. The disclosure for this sale can be found here. Corporate insiders own 17.70% of the company’s stock.

Several institutional investors have recently modified their holdings of AMZN. Vanguard Group Inc. increased its stake in Amazon.com by 4.8% in the second quarter. Vanguard Group Inc. now owns 23,795,875 shares of the e-commerce giant’s stock worth $17,028,804,000 after buying an additional 1,082,051 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Amazon.com by 1.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 10,080,377 shares of the e-commerce giant’s stock worth $7,213,719,000 after buying an additional 111,791 shares during the last quarter. BlackRock Fund Advisors increased its stake in Amazon.com by 1.8% in the second quarter. BlackRock Fund Advisors now owns 4,694,139 shares of the e-commerce giant’s stock worth $3,359,220,000 after buying an additional 82,894 shares during the last quarter. Geode Capital Management LLC increased its stake in Amazon.com by 2.7% in the first quarter. Geode Capital Management LLC now owns 3,296,671 shares of the e-commerce giant’s stock worth $1,953,245,000 after buying an additional 88,130 shares during the last quarter. Finally, BlackRock Group LTD increased its stake in Amazon.com by 1.5% in the first quarter. BlackRock Group LTD now owns 3,018,330 shares of the e-commerce giant’s stock worth $1,791,801,000 after buying an additional 45,684 shares during the last quarter. Hedge funds and other institutional investors own 65.47% of the company’s stock.

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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