JMP Securities reaffirmed their outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a report released on Tuesday morning. They currently have a $1,350.00 price objective on the e-commerce giant’s stock, up from their previous price objective of $1,240.00.

Several other research firms have also issued reports on AMZN. Credit Suisse Group reissued an outperform rating on shares of Amazon.com in a research report on Thursday, August 31st. Monness Crespi & Hardt raised shares of Amazon.com from a neutral rating to a buy rating and set a $1,250.00 price target on the stock in a research report on Friday, October 27th. Leerink Swann reissued a buy rating on shares of Amazon.com in a research report on Monday, October 30th. TheStreet raised shares of Amazon.com from a c+ rating to a b- rating in a research report on Tuesday, November 7th. Finally, Goldman Sachs Group reissued a buy rating on shares of Amazon.com in a research report on Monday, December 4th. Four investment analysts have rated the stock with a hold rating and fifty-one have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $1,237.19.

Amazon.com (AMZN) traded down $3.20 during midday trading on Tuesday, hitting $1,187.38. 2,587,700 shares of the stock traded hands, compared to its average volume of 3,559,228. Amazon.com has a one year low of $747.70 and a one year high of $1,213.41. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $573,707.38, a price-to-earnings ratio of 302.18, a P/E/G ratio of 13.47 and a beta of 1.47.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the 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 business had revenue of $43.74 billion during the quarter, compared to the consensus estimate of $42.26 billion. During the same period last year, the firm earned $0.52 EPS. The business’s revenue for the quarter was up 33.7% on a year-over-year basis. equities research analysts expect that Amazon.com will post 4.24 earnings per share for the current fiscal year.

In other Amazon.com news, Director Tom A. Alberg sold 835 shares of the business’s stock in a transaction that occurred on 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 owns 17,114 shares of the company’s stock, valued at approximately $20,583,692.36. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $1,160.34, for a total transaction of $3,248,952.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $11,603,400. The disclosure for this sale can be found here. In the last three months, insiders sold 402,338 shares of company stock valued at $444,391,701. Corporate insiders own 17.00% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. SeaBridge Investment Advisors LLC lifted its holdings in shares of Amazon.com by 0.4% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 272 shares of the e-commerce giant’s stock worth $263,000 after acquiring an additional 1 shares during the last quarter. Leavell Investment Management Inc. lifted its holdings in shares of Amazon.com by 0.3% in the 2nd quarter. Leavell Investment Management Inc. now owns 394 shares of the e-commerce giant’s stock worth $381,000 after acquiring an additional 1 shares during the last quarter. Probity Advisors Inc. lifted its holdings in shares of Amazon.com by 0.6% in the 2nd quarter. Probity Advisors Inc. now owns 320 shares of the e-commerce giant’s stock worth $310,000 after acquiring an additional 2 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Amazon.com by 0.3% in the 2nd quarter. Venturi Wealth Management LLC now owns 632 shares of the e-commerce giant’s stock worth $612,000 after acquiring an additional 2 shares during the last quarter. Finally, Regis Management CO LLC lifted its holdings in shares of Amazon.com by 0.9% in the 2nd quarter. Regis Management CO LLC now owns 231 shares of the e-commerce giant’s stock worth $224,000 after acquiring an additional 2 shares during the last quarter. Hedge funds and other institutional investors own 59.76% of the company’s stock.

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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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