Amazon.com Inc. (NASDAQ:AMZN) was upgraded by equities research analysts at Argus to a “buy” rating in a report issued on Thursday.

A number of other equities analysts have also recently commented on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Amazon.com in a research note on Monday, June 27th. Oppenheimer Holdings Inc. lifted their price target on shares of Amazon.com from $780.00 to $930.00 and gave the stock a “buy” rating in a research note on Tuesday, June 7th. Piper Jaffray Cos. reaffirmed a “buy” rating and set a $800.00 price target on shares of Amazon.com in a research note on Sunday, July 31st. Raymond James Financial Inc. reaffirmed a “buy” rating and set a $770.00 price target on shares of Amazon.com in a research note on Wednesday, June 8th. Finally, Pacific Crest reaffirmed a “buy” rating and set a $820.00 price target on shares of Amazon.com in a research note on Friday, July 15th. Six analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company’s stock. Amazon.com has an average rating of “Buy” and an average price target of $864.64.

Shares of Amazon.com (NASDAQ:AMZN) opened at 789.74 on Thursday. The firm has a 50-day moving average of $768.87 and a 200-day moving average of $696.70. Amazon.com has a one year low of $474.00 and a one year high of $790.79. The stock has a market cap of $374.39 billion, a PE ratio of 196.40 and a beta of 1.11.

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Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.67. Amazon.com had a net margin of 1.60% and a return on equity of 13.52%. The business earned $30.40 billion during the quarter, compared to analysts’ expectations of $29.54 billion. During the same period last year, the company posted $0.19 EPS. The business’s revenue was up 31.1% on a year-over-year basis. On average, equities research analysts expect that Amazon.com will post $5.76 earnings per share for the current fiscal year.

In other news, VP Shelley Reynolds sold 625 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $770.10, for a total transaction of $481,312.50. Following the completion of the transaction, the vice president now owns 6,519 shares of the company’s stock, valued at approximately $5,020,281.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 2,305 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $769.75, for a total transaction of $1,774,273.75. Following the transaction, the chief executive officer now directly owns 84,446 shares of the company’s stock, valued at approximately $65,002,308.50. The disclosure for this sale can be found here. Insiders own 17.70% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of AMZN. Pathstone Family Office LLC boosted its stake in shares of Amazon.com by 92.1% in the second quarter. Pathstone Family Office LLC now owns 146 shares of the e-commerce giant’s stock worth $105,000 after buying an additional 70 shares during the last quarter. Kistler Tiffany Companies LLC boosted its stake in shares of Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock worth $108,000 after buying an additional 136 shares during the last quarter. Kings Point Capital Management purchased a new stake in shares of Amazon.com during the second quarter worth about $109,000. Krilogy Financial LLC boosted its stake in shares of Amazon.com by 157.1% in the second quarter. Krilogy Financial LLC now owns 198 shares of the e-commerce giant’s stock worth $142,000 after buying an additional 121 shares during the last quarter. Finally, West Oak Capital LLC boosted its stake in shares of Amazon.com by 105.7% in the second quarter. West Oak Capital LLC now owns 216 shares of the e-commerce giant’s stock worth $155,000 after buying an additional 111 shares during the last quarter. 65.44% of the stock is owned by institutional investors.

About Amazon.com

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

5 Day Chart for NASDAQ:AMZN

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