Amazon.com, Inc. (NASDAQ:AMZN) was downgraded by equities research analysts at TheStreet from a “b-” rating to a “c+” rating in a research note issued on Monday, July 10th.

AMZN has been the subject of a number of other reports. MKM Partners reiterated a “buy” rating and issued a $1,095.00 price target (up from $995.00) on shares of Amazon.com in a research note on Monday, May 8th. Cowen and Company reiterated an “outperform” rating and issued a $1,050.00 price target on shares of Amazon.com in a research note on Monday, April 10th. Maxim Group reiterated a “buy” rating and issued a $1,000.00 price target (up from $940.00) on shares of Amazon.com in a research note on Thursday, April 20th. Vetr lowered shares of Amazon.com from a “buy” rating to a “hold” rating and set a $948.53 price target for the company. in a research note on Thursday, April 27th. Finally, Instinet restated a “buy” rating on shares of Amazon.com in a research report on Friday, June 2nd. Five equities research analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $1,022.31.

Amazon.com (AMZN) traded up 0.82% on Monday, hitting $1010.04. 3,712,587 shares of the stock were exchanged. The stock has a market cap of $482.77 billion, a price-to-earnings ratio of 190.21 and a beta of 1.48. The company has a 50-day moving average of $983.46 and a 200-day moving average of $880.70. Amazon.com has a 12 month low of $710.10 and a 12 month high of $1,017.00.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.45. Amazon.com had a net margin of 1.81% and a return on equity of 13.72%. The firm had revenue of $35.71 billion during the quarter, compared to analyst estimates of $35.31 billion. During the same period in the previous year, the business posted $1.07 earnings per share. The business’s revenue for the quarter was up 22.6% on a year-over-year basis. On average, equities analysts predict that Amazon.com will post $6.68 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Amazon.com, Inc. (AMZN) Cut to “C+” at TheStreet” was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another site, it was illegally stolen and reposted in violation of international trademark & copyright law. The legal version of this report can be read at https://www.americanbankingnews.com/2017/07/17/amazon-com-inc-amzn-cut-to-c-at-thestreet.html.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,000 shares of Amazon.com stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $1,011.06, for a total value of $2,022,120.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $10,110,600. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of Amazon.com stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $940.74, for a total value of $940,740,000.00. Following the completion of the transaction, the chief executive officer now directly owns 80,857,196 shares of the company’s stock, valued at $76,065,598,565.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,014,090 shares of company stock valued at $954,546,394. 17.70% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in 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 valued at $100,000 after buying an additional 8 shares in the last quarter. OLD Second National Bank of Aurora increased its position in Amazon.com by 15.0% in the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock valued at $102,000 after buying an additional 15 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 valued at $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 valued at $108,000 after buying an additional 136 shares in the last quarter. Finally, Ibex Wealth Advisors purchased a new position in Amazon.com during the fourth quarter valued at $113,000. 62.49% 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 operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.