JMP Securities reiterated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research report released on Friday morning.

Several other brokerages also recently weighed in on AMZN. Credit Suisse Group reiterated an outperform rating on shares of Amazon.com in a research report on Thursday, August 31st. Monness Crespi & Hardt raised Amazon.com from a neutral rating to a buy rating and set a $1,250.00 target price on the stock in a research note on Friday, October 27th. Cowen reissued an outperform rating and set a $1,125.00 target price on shares of Amazon.com in a research note on Thursday, August 10th. Leerink Swann reissued a buy rating on shares of Amazon.com in a research note on Monday, October 30th. Finally, TheStreet raised Amazon.com from a c+ rating to a b- rating in a research note on Tuesday, November 7th. Five analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the company’s stock. Amazon.com has an average rating of Buy and an average price target of $1,207.37.

Shares of Amazon.com (AMZN) traded down $14.40 during mid-day trading on Friday, reaching $1,162.35. The company’s stock had a trading volume of 4,070,722 shares, compared to its average volume of 3,486,237. The company has a quick ratio of 0.74, a current ratio of 1.03 and a debt-to-equity ratio of 1.00. Amazon.com has a 12-month low of $736.70 and a 12-month high of $1,213.41. The company has a market capitalization of $567,043.13, a P/E ratio of 298.67, a P/E/G ratio of 14.74 and a beta of 1.47.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.57). Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The company had revenue of $43.74 billion during the quarter, compared to the consensus estimate of $42.26 billion. During the same quarter in the previous year, the firm posted $0.52 EPS. The business’s revenue for the quarter was up 33.7% compared to the same quarter last year. equities analysts forecast that Amazon.com will post 4.24 EPS for the current year.

In other Amazon.com news, VP Shelley Reynolds sold 544 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $1,126.27, for a total value of $612,690.88. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Tom A. Alberg sold 835 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $1,202.74, for a total value of $1,004,287.90. Following the completion of the transaction, the director now directly owns 17,114 shares in the company, valued at approximately $20,583,692.36. The disclosure for this sale can be found here. In the last three months, insiders sold 399,538 shares of company stock worth $441,142,749. 17.70% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of AMZN. AXA increased its position in Amazon.com by 2.4% in the third quarter. AXA now owns 242,815 shares of the e-commerce giant’s stock worth $233,431,000 after buying an additional 5,742 shares in the last quarter. Sage Capital Advisors llc increased its position in Amazon.com by 554.9% in the third quarter. Sage Capital Advisors llc now owns 2,135 shares of the e-commerce giant’s stock worth $2,052,000 after buying an additional 1,809 shares in the last quarter. Shelton Capital Management increased its position in Amazon.com by 5.0% in the third quarter. Shelton Capital Management now owns 28,220 shares of the e-commerce giant’s stock worth $27,129,000 after buying an additional 1,340 shares in the last quarter. Chicago Partners Investment Group LLC increased its position in Amazon.com by 15.1% in the third quarter. Chicago Partners Investment Group LLC now owns 1,686 shares of the e-commerce giant’s stock worth $1,621,000 after buying an additional 221 shares in the last quarter. Finally, Institutional & Family Asset Management LLC increased its position in Amazon.com by 18.6% in the third quarter. Institutional & Family Asset Management LLC now owns 414 shares of the e-commerce giant’s stock worth $398,000 after buying an additional 65 shares in the last quarter. 59.70% of the stock is currently owned by institutional investors.

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Amazon.com Company Profile

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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