Amazon.com, Inc. (NASDAQ:AMZN) was downgraded by Vetr from a “buy” rating to a “hold” rating in a report issued on Monday. They presently have a $885.64 price target on the e-commerce giant’s stock. Vetr‘s price objective would suggest a potential upside of 3.38% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Credit Suisse Group AG reduced their target price on Amazon.com from $950.00 to $900.00 and set an “outperform” rating for the company in a report on Friday, February 3rd. Susquehanna Bancshares Inc restated a “positive” rating and issued a $1,250.00 target price on shares of Amazon.com in a report on Monday, February 6th. JMP Securities restated a “positive” rating on shares of Amazon.com in a report on Friday, February 3rd. Mizuho reduced their target price on Amazon.com from $920.00 to $905.00 and set a “buy” rating for the company in a report on Friday, February 3rd. Finally, BMO Capital Markets restated an “outperform” rating on shares of Amazon.com in a report on Friday, December 16th. Six research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $939.08.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

Amazon.com (NASDAQ:AMZN) traded up 0.55% during midday trading on Monday, hitting $856.97. 2,282,727 shares of the company’s stock traded hands. The company has a 50 day moving average of $841.00 and a 200-day moving average of $801.26. The company has a market capitalization of $408.92 billion, a PE ratio of 174.89 and a beta of 1.40. Amazon.com has a 52 week low of $538.58 and a 52 week high of $860.86.

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Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $1.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.19. The business earned $43.74 billion during the quarter, compared to analysts’ expectations of $44.66 billion. Amazon.com had a return on equity of 13.87% and a net margin of 1.74%. The firm’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.00 EPS. Equities research analysts predict that Amazon.com will post $7.18 earnings per share for the current year.

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In other Amazon.com news, insider David Zapolsky sold 503 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total value of $427,550.00. Following the completion of the transaction, the insider now directly owns 2,523 shares in the company, valued at $2,144,550. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Tom A. Alberg sold 590 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $850.00, for a total value of $501,500.00. Following the completion of the transaction, the director now owns 22,525 shares of the company’s stock, valued at $19,146,250. The disclosure for this sale can be found here. 17.70% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of AMZN. Bartlett & Co. LLC increased its position in Amazon.com by 7.1% in the third quarter. Bartlett & Co. LLC now owns 120 shares of the e-commerce giant’s stock worth $100,000 after buying an additional 8 shares in the last quarter. Pathstone Family Office LLC increased its position in 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 in the last quarter. Kistler Tiffany Companies LLC increased its position in 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 in the last quarter. D. Scott Neal Inc. increased its position in Amazon.com by 3,000.0% in the third quarter. D. Scott Neal Inc. now owns 155 shares of the e-commerce giant’s stock worth $130,000 after buying an additional 150 shares in the last quarter. Finally, Empirical Finance LLC bought a new position in Amazon.com during the fourth quarter worth $152,000. Hedge funds and other institutional investors own 65.08% of the company’s stock.

Amazon.com Company Profile

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).

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To view Vetr’s full report, visit Vetr’s official website.

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