Amazon.com Inc. (NASDAQ:AMZN) has received a consensus rating of “Buy” from the fifty research firms that are currently covering the company. Six investment analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $924.38.

Several brokerages recently weighed in on AMZN. Bank of America Corp. reaffirmed a “buy” rating and issued a $840.00 price target on shares of Amazon.com in a research report on Sunday, July 17th. JMP Securities reaffirmed a “buy” rating on shares of Amazon.com in a research report on Sunday, July 17th. Wedbush set a $900.00 price target on shares of Amazon.com and gave the company a “buy” rating in a research report on Sunday, October 30th. RBC Capital Markets set a $840.00 price target on shares of Amazon.com and gave the company a “buy” rating in a research report on Friday, July 29th. Finally, Argus reaffirmed a “hold” rating on shares of Amazon.com in a research report on Monday, August 1st.

In other news, VP Shelley Reynolds sold 625 shares of Amazon.com stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $770.10, for a total value of $481,312.50. Following the transaction, the vice president now owns 6,519 shares of the company’s stock, valued at approximately $5,020,281.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 14,000 shares of Amazon.com stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 68,141 shares in the company, valued at approximately $54,512,800. The disclosure for this sale can be found here. Company insiders own 17.70% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bartlett & Co. LLC increased its position in shares of Amazon.com by 7.1% in the third quarter. Bartlett & Co. LLC now owns 120 shares of the e-commerce giant’s stock worth $100,000 after buying an additional 8 shares during the last quarter. Pathstone Family Office LLC increased its position in shares of Amazon.com by 92.1% in the second quarter. Pathstone Family Office LLC now owns 146 shares of the e-commerce giant’s stock worth $105,000 after buying an additional 70 shares during the last quarter. Kistler Tiffany Companies LLC increased its position in shares of Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock worth $108,000 after buying an additional 136 shares during the last quarter. Kings Point Capital Management purchased a new position in shares of Amazon.com during the second quarter worth about $109,000. Finally, D. Scott Neal Inc. increased its position in shares of Amazon.com by 3,000.0% in the third quarter. D. Scott Neal Inc. now owns 155 shares of the e-commerce giant’s stock worth $130,000 after buying an additional 150 shares during the last quarter. 65.61% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com (NASDAQ:AMZN) opened at 739.01 on Monday. 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 $351.15 billion, a P/E ratio of 169.30 and a beta of 1.51. The firm’s 50-day moving average price is $809.12 and its 200-day moving average price is $752.44.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.80 by $0.28. The company had revenue of $32.71 billion for the quarter, compared to the consensus estimate of $32.69 billion. Amazon.com had a return on equity of 13.47% and a net margin of 1.64%. Amazon.com’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same period last year, the company earned $0.17 EPS. On average, equities research analysts expect that Amazon.com will post $4.76 EPS for the current fiscal year.

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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