Amazon.com Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating reissued by research analysts at BMO Capital Markets in a research note issued on Thursday.

Other equities research analysts also recently issued reports about the stock. Jefferies Group reiterated a “buy” rating on shares of Amazon.com in a research report on Saturday, June 4th. Cantor Fitzgerald reiterated a “buy” rating on shares of Amazon.com in a research report on Saturday, June 4th. JMP Securities reiterated a “buy” rating and issued a $775.00 price target on shares of Amazon.com in a research report on Saturday, July 9th. Deutsche Bank AG reiterated a “buy” rating and issued a $900.00 price target on shares of Amazon.com in a research report on Sunday, July 10th. Finally, Bank of America Corp. reiterated a “buy” rating and issued a $840.00 price target on shares of Amazon.com in a research report on Sunday, July 17th. Six research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $866.24.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

Amazon.com (NASDAQ:AMZN) traded up 1.5841% during midday trading on Thursday, reaching $802.2501. The company had a trading volume of 1,677,615 shares. The stock’s 50 day moving average is $768.87 and its 200 day moving average is $696.70. Amazon.com has a one year low of $474.00 and a one year high of $804.23. The company has a market capitalization of $380.33 billion, a PE ratio of 199.5151 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 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.67. The firm earned $30.40 billion during the quarter, compared to the consensus estimate of $29.54 billion. Amazon.com had a net margin of 1.60% and a return on equity of 13.52%. The business’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period last year, the business posted $0.19 earnings per share. Equities research analysts forecast that Amazon.com will post $5.76 earnings per share for the current fiscal year.

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

A number of large investors have recently made changes to their positions in the company. Cornerstone Advisors Inc. boosted its stake in Amazon.com by 0.4% in the second quarter. Cornerstone Advisors Inc. now owns 558 shares of the e-commerce giant’s stock valued at $399,000 after buying an additional 2 shares in the last quarter. Cadence Bank NA boosted its stake in Amazon.com by 0.4% in the second quarter. Cadence Bank NA now owns 497 shares of the e-commerce giant’s stock valued at $355,000 after buying an additional 2 shares in the last quarter. American Economic Planning Group Inc. ADV boosted its stake in Amazon.com by 0.6% in the second quarter. American Economic Planning Group Inc. ADV now owns 365 shares of the e-commerce giant’s stock valued at $261,000 after buying an additional 2 shares in the last quarter. First Niagara Bank boosted its stake in Amazon.com by 0.3% in the second quarter. First Niagara Bank now owns 1,330 shares of the e-commerce giant’s stock valued at $952,000 after buying an additional 4 shares in the last quarter. Finally, Hartford Financial Management Inc. boosted its stake in Amazon.com by 1.1% in the second quarter. Hartford Financial Management Inc. now owns 475 shares of the e-commerce giant’s stock valued at $339,000 after buying an additional 5 shares in the last quarter. 65.44% of the stock is currently owned by institutional investors and hedge funds.

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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