Amazon.com (NASDAQ:AMZN) had its price objective increased by Bank of America from to in a research report issued to clients and investors on Tuesday, The Fly reports. The brokerage presently has a “buy” rating on the e-commerce giant’s stock.

Other equities research analysts also recently issued reports about the stock. Piper Jaffray Companies cut their target price on shares of Amazon.com from $2,225.00 to $2,150.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Argus reiterated a “buy” rating and issued a $2,250.00 target price on shares of Amazon.com in a research note on Tuesday, December 31st. They noted that the move was a valuation call. China Renaissance Securities initiated coverage on shares of Amazon.com in a research note on Tuesday, November 26th. They issued a “hold” rating and a $1,850.00 target price for the company. UBS Group reiterated a “buy” rating on shares of Amazon.com in a research note on Wednesday, November 6th. Finally, Wedbush cut their target price on shares of Amazon.com from $2,350.00 to $2,000.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and forty-four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $2,171.64.

NASDAQ:AMZN traded down $21.86 during mid-day trading on Tuesday, hitting $1,869.44. The stock had a trading volume of 3,440,552 shares, compared to its average volume of 3,250,084. Amazon.com has a twelve month low of $1,566.76 and a twelve month high of $2,035.80. The stock has a market cap of $926.87 billion, a price-to-earnings ratio of 92.82, a PEG ratio of 2.62 and a beta of 1.50. The company’s 50 day simple moving average is $1,816.83 and its 200 day simple moving average is $1,818.18. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.84 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $4.46 by ($0.23). Amazon.com had a net margin of 4.27% and a return on equity of 22.52%. The firm had revenue of $69.98 billion during the quarter, compared to analyst estimates of $68.72 billion. During the same quarter last year, the business posted $5.75 earnings per share. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. As a group, equities analysts forecast that Amazon.com will post 20.51 earnings per share for the current year.

In other news, VP Shelley Reynolds sold 379 shares of Amazon.com stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $1,750.66, for a total value of $663,500.14. Following the completion of the sale, the vice president now directly owns 6,307 shares in the company, valued at $11,041,412.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Jeffrey M. Blackburn sold 3,573 shares of Amazon.com stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $1,752.23, for a total transaction of $6,260,717.79. Following the completion of the sale, the senior vice president now owns 50,659 shares of the company’s stock, valued at $88,766,219.57. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,196 shares of company stock valued at $17,869,618. 16.10% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Macroview Investment Management LLC increased its stake in Amazon.com by 166.7% in the third quarter. Macroview Investment Management LLC now owns 16 shares of the e-commerce giant’s stock valued at $28,000 after acquiring an additional 10 shares during the last quarter. NewSquare Capital LLC increased its stake in Amazon.com by 533.3% in the fourth quarter. NewSquare Capital LLC now owns 19 shares of the e-commerce giant’s stock valued at $35,000 after acquiring an additional 16 shares during the last quarter. Phocas Financial Corp. bought a new position in Amazon.com in the second quarter valued at approximately $45,000. Pflug Koory LLC increased its stake in Amazon.com by 30.8% in the fourth quarter. Pflug Koory LLC now owns 34 shares of the e-commerce giant’s stock valued at $63,000 after acquiring an additional 8 shares during the last quarter. Finally, Financial Advantage Inc. increased its stake in Amazon.com by 26.7% in the third quarter. Financial Advantage Inc. now owns 38 shares of the e-commerce giant’s stock valued at $65,000 after acquiring an additional 8 shares during the last quarter. Institutional investors own 55.98% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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