Moffett Nathanson started coverage on shares of Amazon.com (NASDAQ:AMZN) in a research note released on Monday morning, MarketBeat Ratings reports. The brokerage issued a buy rating on the e-commerce giant’s stock.

Other equities research analysts have also issued reports about the stock. TheStreet raised shares of Amazon.com from a c+ rating to a b- rating in a report on Tuesday, November 7th. Mizuho reissued a buy rating and issued a $1,250.00 target price on shares of Amazon.com in a report on Monday, August 7th. Needham & Company LLC set a $1,150.00 target price on shares of Amazon.com and gave the stock a buy rating in a report on Friday, August 25th. Independent Research reissued a buy rating on shares of Amazon.com in a report on Wednesday, August 23rd. Finally, MKM Partners reaffirmed a buy rating and set a $1,275.00 price objective on shares of Amazon.com in a report on Wednesday, August 30th. Four equities research analysts have rated the stock with a hold rating and fifty have issued a buy rating to the stock. Amazon.com currently has an average rating of Buy and an average target price of $1,219.02.

Shares of Amazon.com (AMZN) opened at $1,152.35 on Monday. The company has a market cap of $550,090.81, a PE ratio of 289.74, a PEG ratio of 14.30 and a beta of 1.47. Amazon.com has a 52-week low of $747.70 and a 52-week high of $1,213.41. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03.

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

In related news, CEO Jeffrey P. Bezos sold 391,110 shares of Amazon.com stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the completion of the sale, the chief executive officer now owns 79,891,433 shares of the company’s stock, valued at $88,162,593,058.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 1,985 shares of Amazon.com stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $1,125.38, for a total value of $2,233,879.30. The disclosure for this sale can be found here. In the last three months, insiders sold 399,538 shares of company stock valued at $441,142,749. Corporate insiders own 17.70% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in AMZN. Leavell Investment Management Inc. lifted its holdings in Amazon.com by 0.3% in the second quarter. Leavell Investment Management Inc. now owns 394 shares of the e-commerce giant’s stock valued at $381,000 after acquiring an additional 1 shares during the period. SeaBridge Investment Advisors LLC lifted its holdings in Amazon.com by 0.4% in the second quarter. SeaBridge Investment Advisors LLC now owns 272 shares of the e-commerce giant’s stock valued at $263,000 after acquiring an additional 1 shares during the period. Probity Advisors Inc. lifted its holdings in Amazon.com by 0.6% in the second quarter. Probity Advisors Inc. now owns 320 shares of the e-commerce giant’s stock valued at $310,000 after acquiring an additional 2 shares during the period. Venturi Wealth Management LLC lifted its holdings in Amazon.com by 0.3% in the second quarter. Venturi Wealth Management LLC now owns 632 shares of the e-commerce giant’s stock valued at $612,000 after acquiring an additional 2 shares during the period. Finally, Regis Management CO LLC lifted its holdings in Amazon.com by 0.9% in the second quarter. Regis Management CO LLC now owns 231 shares of the e-commerce giant’s stock valued at $224,000 after acquiring an additional 2 shares during the period. 59.79% of the stock is owned by hedge funds and other 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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