Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating restated by equities researchers at J P Morgan Chase & Co in a note issued to investors on Tuesday.

Several other research firms have also recently weighed in on AMZN. Jefferies Group LLC reiterated a “buy” rating and issued a $1,250.00 target price (up previously from $1,135.00) on shares of Amazon.com in a research note on Friday, July 28th. Wedbush reissued a “buy” rating and issued a $1,250.00 price target on shares of Amazon.com in a research report on Friday, July 28th. Barclays PLC increased their price target on shares of Amazon.com from $1,120.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, July 28th. Deutsche Bank AG increased their price target on shares of Amazon.com from $1,135.00 to $1,175.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Finally, Aegis increased their price target on shares of Amazon.com from $1,069.00 to $1,171.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, forty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $1,120.85.

Shares of Amazon.com (AMZN) traded up 1.21% during mid-day trading on Tuesday, reaching $978.03. The company had a trading volume of 1,484,849 shares. The company’s 50-day moving average price is $976.55 and its 200-day moving average price is $972.29. The company has a market capitalization of $469.83 billion, a PE ratio of 248.74 and a beta of 1.47. 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 earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share 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 company had revenue of $37.96 billion during the quarter, compared to the consensus estimate of $37.18 billion. During the same quarter in the previous year, the business posted $1.78 EPS. The firm’s quarterly revenue was up 24.8% on a year-over-year basis. On average, analysts forecast that Amazon.com will post $3.63 earnings per share for the current fiscal year.

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In other news, CEO Jeffrey A. Wilke sold 2,800 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $955.20, for a total transaction of $2,674,560.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $9,552,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 1,985 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $986.12, for a total transaction of $1,957,448.20. Following the transaction, the chief executive officer now owns 81,479 shares of the company’s stock, valued at $80,348,071.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,083 shares of company stock valued at $8,874,850. 17.70% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Osborn Williams & Donohoe LLC increased its position in Amazon.com by 1.1% during the 2nd quarter. Osborn Williams & Donohoe LLC now owns 915 shares of the e-commerce giant’s stock worth $886,000 after purchasing an additional 10 shares in the last quarter. Reinhart Partners Inc. increased its position in Amazon.com by 66.8% during the 1st quarter. Reinhart Partners Inc. now owns 789 shares of the e-commerce giant’s stock worth $699,000 after purchasing an additional 316 shares in the last quarter. IBM Retirement Fund increased its position in Amazon.com by 76.6% during the 2nd quarter. IBM Retirement Fund now owns 9,728 shares of the e-commerce giant’s stock worth $10,523,000 after purchasing an additional 4,218 shares in the last quarter. Murphy Capital Management Inc. increased its position in Amazon.com by 1.4% during the 2nd quarter. Murphy Capital Management Inc. now owns 9,856 shares of the e-commerce giant’s stock worth $9,540,000 after purchasing an additional 140 shares in the last quarter. Finally, CT Mason acquired a new position in Amazon.com during the 1st quarter worth approximately $3,508,000. Institutional investors and hedge funds own 60.80% of the company’s stock.

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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