Equities research analysts at SunTrust Banks, Inc. started coverage on shares of Amazon.com, Inc. (NASDAQ:AMZN) in a report issued on Tuesday, The Fly reports. The firm set a “buy” rating on the e-commerce giant’s stock.

Other research analysts also recently issued research reports about the stock. Loop Capital reiterated a “buy” rating and issued a $1,100.00 target price on shares of Amazon.com in a report on Wednesday, April 19th. Macquarie reiterated a “buy” rating and issued a $995.00 target price on shares of Amazon.com in a report on Tuesday, April 18th. Maxim Group reiterated a “buy” rating and issued a $1,000.00 target price (up previously from $940.00) on shares of Amazon.com in a report on Thursday, April 20th. Stifel Nicolaus reiterated a “buy” rating and issued a $1,025.00 target price on shares of Amazon.com in a report on Monday, April 24th. Finally, Instinet lifted their target price on shares of Amazon.com from $925.00 to $975.00 and gave the stock a “buy” rating in a report on Monday, April 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, forty-four have given a buy rating and two have issued a strong buy rating to the company. Amazon.com has an average rating of “Buy” and a consensus target price of $1,065.61.

Amazon.com (NASDAQ:AMZN) traded down 0.06% during trading on Tuesday, reaching $982.74. 2,549,295 shares of the company’s stock were exchanged. Amazon.com has a 1-year low of $710.10 and a 1-year high of $1,083.31. The company’s 50-day moving average is $997.21 and its 200-day moving average is $929.59. The company has a market capitalization of $472.09 billion, a PE ratio of 249.93 and a beta of 1.48.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the consensus estimate of $1.40 by $1.00. The firm had revenue of $37.96 billion during the quarter, compared to the consensus estimate of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The business’s revenue was up 24.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.78 EPS. Equities research analysts expect that Amazon.com will post $3.83 earnings per share for the current fiscal year.

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In other news, CEO Jeffrey A. Wilke sold 4,000 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $969.73, for a total transaction of $3,878,920.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $9,697,300. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,670 shares of the stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $1,010.64, for a total value of $2,698,408.80. Following the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $10,106,400. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,890 shares of company stock valued at $10,800,023. Insiders own 17.70% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Capital Guardian Trust Co. increased its position in shares of Amazon.com by 53.5% in the fourth quarter. Capital Guardian Trust Co. now owns 235,641 shares of the e-commerce giant’s stock worth $176,700,000 after buying an additional 82,121 shares in the last quarter. Empire Life Investments Inc. acquired a new position in shares of Amazon.com during the fourth quarter worth approximately $2,932,000. Independent Advisor Alliance acquired a new position in shares of Amazon.com during the fourth quarter worth approximately $4,137,000. Blue Edge Capital LLC increased its position in shares of Amazon.com by 0.7% in the fourth quarter. Blue Edge Capital LLC now owns 3,523 shares of the e-commerce giant’s stock worth $2,642,000 after buying an additional 25 shares in the last quarter. Finally, Forbes J M & Co. LLP increased its position in shares of Amazon.com by 1.4% in the fourth quarter. Forbes J M & Co. LLP now owns 4,128 shares of the e-commerce giant’s stock worth $3,095,000 after buying an additional 58 shares in the last quarter. 61.90% of the stock is owned by hedge funds and other 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.

The Fly

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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