Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating reaffirmed by equities research analysts at Atlantic Securities in a report issued on Friday.

Several other equities research analysts also recently issued reports on AMZN. Nomura restated a “buy” rating on shares of Amazon.com in a report on Thursday, June 15th. KeyCorp restated a “hold” rating on shares of Amazon.com in a report on Friday, June 16th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Amazon.com in a report on Friday, June 16th. Instinet dropped their price objective on Amazon.com from $1,100.00 to $975.00 and set a “buy” rating on the stock in a report on Friday, June 16th. Finally, Canaccord Genuity lifted their price objective on Amazon.com from $1,150.00 to $1,200.00 and gave the stock a “buy” rating in a report on Friday, June 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-eight have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $1,121.04.

Shares of Amazon.com (NASDAQ:AMZN) traded up 0.3560% during trading on Friday, hitting $1004.4932. The stock had a trading volume of 1,122,423 shares. The stock’s 50-day moving average price is $970.06 and its 200-day moving average price is $965.51. Amazon.com has a one year low of $710.10 and a one year high of $1,083.31. The company has a market cap of $482.54 billion, a P/E ratio of 255.4662 and a beta of 1.47.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($1.00). Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The business had revenue of $37.96 billion for the quarter, compared to analysts’ expectations of $37.18 billion. During the same quarter in the prior year, the firm earned $1.78 earnings per share. Amazon.com’s revenue for the quarter was up 24.8% compared to the same quarter last year. On average, equities research analysts forecast that Amazon.com will post $3.59 EPS for the current fiscal year.

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In related news, VP Shelley Reynolds sold 544 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $986.52, for a total transaction of $536,666.88. Following the completion of the transaction, the vice president now owns 6,533 shares of the company’s stock, valued at approximately $6,444,935.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 710 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $981.74, for a total value of $697,035.40. Following the transaction, the chief executive officer now directly owns 15,312 shares of the company’s stock, valued at approximately $15,032,402.88. The disclosure for this sale can be found here. Insiders have sold a total of 9,083 shares of company stock valued at $8,874,850 in the last three months. 17.70% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of AMZN. Osborn Williams & Donohoe LLC raised its holdings in Amazon.com by 1.1% in the 2nd quarter. Osborn Williams & Donohoe LLC now owns 915 shares of the e-commerce giant’s stock valued at $886,000 after acquiring an additional 10 shares in the last quarter. Reinhart Partners Inc. raised its holdings in Amazon.com by 66.8% in the 1st quarter. Reinhart Partners Inc. now owns 789 shares of the e-commerce giant’s stock valued at $699,000 after acquiring an additional 316 shares in the last quarter. Murphy Capital Management Inc. raised its holdings in Amazon.com by 1.4% in the 2nd quarter. Murphy Capital Management Inc. now owns 9,856 shares of the e-commerce giant’s stock valued at $9,540,000 after acquiring an additional 140 shares in the last quarter. IBM Retirement Fund raised its holdings in Amazon.com by 76.6% in the 2nd quarter. IBM Retirement Fund now owns 9,728 shares of the e-commerce giant’s stock valued at $10,523,000 after acquiring an additional 4,218 shares in the last quarter. Finally, CAPROCK Group Inc. raised its holdings in Amazon.com by 9.2% in the 1st quarter. CAPROCK Group Inc. now owns 3,529 shares of the e-commerce giant’s stock valued at $3,129,000 after acquiring an additional 298 shares in the last quarter. 60.77% of the stock is owned by institutional investors and hedge funds.

Amazon.com Company Profile

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 Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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