Amazon.com, Inc. (NASDAQ:AMZN) was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating in a note issued to investors on Monday. They currently have a $885.64 price target on the e-commerce giant’s stock. Vetr‘s price target suggests a potential upside of 3.38% from the stock’s current price.

Several other research firms also recently weighed in on AMZN. Citigroup Inc restated a “buy” rating on shares of Amazon.com in a report on Wednesday, February 22nd. CLSA restated an “outperform” rating and set a $950.00 price objective on shares of Amazon.com in a report on Wednesday, February 22nd. Cantor Fitzgerald restated an “overweight” rating and set a $965.00 price objective on shares of Amazon.com in a report on Monday, March 13th. Pacific Crest lowered their price objective on shares of Amazon.com from $905.00 to $895.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Aegis restated a “buy” rating on shares of Amazon.com in a report on Wednesday, March 15th. Six analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $939.08.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

Shares of Amazon.com (NASDAQ:AMZN) traded up 0.55% during mid-day trading on Monday, hitting $856.97. 2,282,727 shares of the company traded hands. Amazon.com has a one year low of $538.58 and a one year high of $860.86. The stock has a market capitalization of $408.92 billion, a price-to-earnings ratio of 174.89 and a beta of 1.40. The firm has a 50-day moving average of $841.00 and a 200-day moving average of $801.26.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $1.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.19. Amazon.com had a net margin of 1.74% and a return on equity of 13.87%. The firm had revenue of $43.74 billion for the quarter, compared to the consensus estimate of $44.66 billion. During the same quarter in the prior year, the company posted $1.00 earnings per share. The business’s revenue was up 22.4% on a year-over-year basis. On average, equities analysts predict that Amazon.com will post $7.18 earnings per share for the current year.

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In other news, insider David Zapolsky sold 503 shares of the business’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $850.00, for a total transaction of $427,550.00. Following the sale, the insider now owns 2,523 shares in the company, valued at approximately $2,144,550. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Tom A. Alberg sold 590 shares of the business’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $850.00, for a total transaction of $501,500.00. Following the sale, the director now owns 22,525 shares in the company, valued at approximately $19,146,250. The disclosure for this sale can be found here. Insiders own 17.70% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Lynch & Associates IN acquired a new stake in shares of Amazon.com during the third quarter worth approximately $213,000. BNP Paribas Arbitrage SA boosted its stake in shares of Amazon.com by 128.6% in the third quarter. BNP Paribas Arbitrage SA now owns 230,889 shares of the e-commerce giant’s stock worth $193,326,000 after buying an additional 129,892 shares during the period. Burns J W & Co. Inc. NY boosted its stake in shares of Amazon.com by 11.6% in the third quarter. Burns J W & Co. Inc. NY now owns 2,634 shares of the e-commerce giant’s stock worth $2,205,000 after buying an additional 273 shares during the period. McQueen Ball & Associates Inc. acquired a new stake in shares of Amazon.com during the third quarter worth approximately $226,000. Finally, Telemus Capital LLC boosted its stake in shares of Amazon.com by 7.8% in the third quarter. Telemus Capital LLC now owns 14,683 shares of the e-commerce giant’s stock worth $12,294,000 after buying an additional 1,057 shares during the period. Hedge funds and other institutional investors own 65.08% of the company’s stock.

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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