Amazon.com, Inc. (NASDAQ:AMZN) was upgraded by equities researchers at Vetr from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday. The brokerage presently has a $1,108.87 price objective on the e-commerce giant’s stock. Vetr‘s target price would suggest a potential upside of 12.39% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the stock. TheStreet downgraded shares of Amazon.com from a “b-” rating to a “c+” rating in a research note on Monday, July 10th. UBS AG reissued a “buy” rating and issued a $1,100.00 target price on shares of Amazon.com in a research note on Wednesday, June 21st. Tigress Financial reissued a “buy” rating on shares of Amazon.com in a research note on Wednesday, August 9th. KeyCorp reissued a “hold” rating on shares of Amazon.com in a research note on Thursday, June 22nd. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $1,275.00 target price on shares of Amazon.com in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating, forty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $1,121.48.

Amazon.com (AMZN) traded down 1.04% during trading on Thursday, hitting $986.61. 3,108,197 shares of the company’s stock were exchanged. The company has a market cap of $473.95 billion, a price-to-earnings ratio of 250.92 and a beta of 1.47. The firm has a 50 day moving average price of $976.82 and a 200 day moving average price of $970.23. Amazon.com has a 52-week low of $710.10 and a 52-week high of $1,083.31.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($1.00). Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The business had revenue of $37.96 billion for the quarter, compared to the consensus estimate of $37.18 billion. During the same quarter last year, the business earned $1.78 EPS. Amazon.com’s revenue for the quarter was up 24.8% compared to the same quarter last year. On average, equities research analysts predict that Amazon.com will post $3.63 earnings per share for the current year.

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In related news, CEO Jeffrey A. Wilke sold 2,800 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total value of $2,674,560.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $9,552,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey A. Wilke sold 710 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $987.39, for a total value of $701,046.90. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $9,873,900. The disclosure for this sale can be found here. Insiders sold 9,083 shares of company stock valued at $8,874,850 over the last ninety days. 17.70% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in AMZN. Harbour Capital Advisors LLC boosted its holdings in Amazon.com by 100,947.5% in the second quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock valued at $2,379,000 after purchasing an additional 2,300,593 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Amazon.com by 1,045.8% in the second quarter. Janus Henderson Group PLC now owns 1,775,556 shares of the e-commerce giant’s stock valued at $1,718,711,000 after purchasing an additional 1,620,588 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Amazon.com by 2.9% in the second quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock valued at $26,003,758,000 after purchasing an additional 764,115 shares in the last quarter. BlackRock Inc. boosted its holdings in Amazon.com by 2.4% in the second quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock valued at $23,160,193,000 after purchasing an additional 554,990 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Amazon.com by 125.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 822,827 shares of the e-commerce giant’s stock valued at $796,497,000 after purchasing an additional 457,300 shares in the last quarter. 60.73% of the stock is owned by hedge funds and other institutional investors.

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.

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

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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