Amazon.com Inc. (NASDAQ:AMZN)‘s stock had its “hold” rating reaffirmed by investment analysts at SunTrust Banks Inc. in a research report issued to clients and investors on Tuesday.

Other equities research analysts also recently issued research reports about the stock. Pacific Crest raised their price objective on shares of Amazon.com from $820.00 to $847.00 and gave the company an “overweight” rating in a research report on Monday, August 1st. Cantor Fitzgerald set a $835.00 price objective on shares of Amazon.com and gave the company a “buy” rating in a research report on Monday, August 1st. Argus restated a “hold” rating on shares of Amazon.com in a research report on Monday, August 1st. MKM Partners raised their price objective on shares of Amazon.com from $850.00 to $995.00 and gave the company a “buy” rating in a research report on Tuesday, August 2nd. Finally, Vetr upgraded shares of Amazon.com from a “hold” rating to a “buy” rating and set a $800.28 price objective for the company in a research report on Tuesday, August 2nd. Six investment analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $911.75.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

Shares of Amazon.com (NASDAQ:AMZN) traded down 0.68% during mid-day trading on Tuesday, reaching $761.55. The company’s stock had a trading volume of 3,262,336 shares. Amazon.com has a 52 week low of $474.00 and a 52 week high of $847.21. The company’s 50-day moving average is $789.54 and its 200-day moving average is $761.26. The stock has a market capitalization of $361.86 billion, a price-to-earnings ratio of 174.47 and a beta of 1.51.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by $0.28. The firm had revenue of $32.71 billion for the quarter, compared to analysts’ expectations of $32.69 billion. Amazon.com had a return on equity of 13.47% and a net margin of 1.64%. The business’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.17 EPS. Equities analysts predict that Amazon.com will post $4.78 EPS for the current year.

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In other news, CEO Andrew R. Jassy sold 14,000 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $800.00, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.70% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Merriman Wealth Management LLC raised its position in Amazon.com by 282.4% in the second quarter. Merriman Wealth Management LLC now owns 2,654 shares of the e-commerce giant’s stock valued at $1,899,000 after buying an additional 1,960 shares during the last quarter. Private Asset Management Inc. raised its position in Amazon.com by 12.9% in the second quarter. Private Asset Management Inc. now owns 3,249 shares of the e-commerce giant’s stock valued at $2,325,000 after buying an additional 371 shares during the last quarter. Washington Trust Bank raised its position in Amazon.com by 3.4% in the second quarter. Washington Trust Bank now owns 493 shares of the e-commerce giant’s stock valued at $353,000 after buying an additional 16 shares during the last quarter. Raymond James Trust N.A. raised its position in Amazon.com by 2.6% in the second quarter. Raymond James Trust N.A. now owns 2,977 shares of the e-commerce giant’s stock valued at $2,130,000 after buying an additional 75 shares during the last quarter. Finally, West Oak Capital LLC raised its position 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 last quarter. 64.77% of the stock is currently 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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