Credit Suisse Group reiterated their outperform rating on shares of Amazon.com, Inc. (NASDAQ:AMZN) in a research note released on Thursday morning.

Several other research analysts have also weighed in on AMZN. UBS AG reiterated a buy rating and set a $1,100.00 price objective on shares of Amazon.com in a report on Wednesday, June 21st. Cowen and Company reiterated an outperform rating and set a $1,125.00 price objective on shares of Amazon.com in a report on Thursday, August 10th. Goldman Sachs Group, Inc. (The) reiterated a conviction-buy rating and set a $1,275.00 price objective on shares of Amazon.com in a report on Wednesday, August 9th. Piper Jaffray Companies reiterated an overweight rating and set a $1,200.00 price objective on shares of Amazon.com in a report on Thursday, August 10th. Finally, Independent Research GmbH reiterated a buy rating on shares of Amazon.com in a report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $1,088.16.

Shares of Amazon.com (AMZN) traded up 0.0127% during midday trading on Thursday, hitting $980.7244. 1,383,131 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $990.19 and its 200 day moving average price is $939.86. Amazon.com has a one year low of $710.10 and a one year high of $1,083.31. The firm has a market cap of $471.12 billion, a PE ratio of 249.4213 and a beta of 1.48.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.40 by $1.00. The firm had revenue of $37.96 billion during the quarter, compared to analysts’ expectations of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. Amazon.com’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter last year, the company posted $1.78 earnings per share. Equities research analysts forecast that Amazon.com will post $4.01 EPS for the current year.

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In other news, CEO Jeffrey A. Wilke sold 2,000 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $1,011.06, for a total transaction of $2,022,120.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $10,110,600. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jeffrey A. Wilke sold 2,670 shares of the stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $1,010.64, for a total value of $2,698,408.80. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $10,106,400. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,463 shares of company stock valued at $14,294,906. Company insiders own 17.70% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Harbour Capital Advisors LLC boosted its position in shares of Amazon.com by 100,947.5% in the second quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock valued at $2,379,000 after buying an additional 2,300,593 shares during the period. Janus Henderson Group PLC boosted its position in shares of Amazon.com by 1,045.8% in the second quarter. Janus Henderson Group PLC now owns 1,775,556 shares of the e-commerce giant’s stock valued at $1,718,711,000 after buying an additional 1,620,588 shares during the period. Vanguard Group Inc. boosted its position in shares of Amazon.com by 2.9% in the second quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock valued at $26,003,758,000 after buying an additional 764,115 shares during the period. BlackRock Inc. boosted its position in shares of Amazon.com by 2.4% in the second quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock valued at $23,160,193,000 after buying an additional 554,990 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Amazon.com by 125.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 822,827 shares of the e-commerce giant’s stock valued at $796,497,000 after buying an additional 457,300 shares during the period. Institutional investors own 60.79% of the company’s stock.

About Amazon.com

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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