Amazon.com Inc. (NASDAQ:AMZN) gapped up prior to trading on Friday . The stock had previously closed at $768.90, but opened at $769.69. Amazon.com shares last traded at $780.17, with a volume of 3,327,679 shares changing hands.

A number of brokerages recently issued reports on AMZN. Jefferies Group restated a “buy” rating and issued a $865.00 price objective on shares of Amazon.com in a research note on Monday, June 27th. Zacks Investment Research upgraded Amazon.com from a “hold” rating to a “buy” rating and set a $774.00 price objective on the stock in a research note on Tuesday, June 28th. Royal Bank Of Canada lowered their price objective on Amazon.com from $1,000.00 to $840.00 and set an “outperform” rating on the stock in a research note on Friday. William Blair began coverage on Amazon.com in a research note on Friday, June 10th. They issued an “outperform” rating on the stock. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $800.00 price objective on shares of Amazon.com in a research note on Friday, May 27th. Seven investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $864.64.

The stock has a market cap of $369.08 billion, a price-to-earnings ratio of 193.61 and a beta of 1.11. The firm’s 50-day moving average price is $764.80 and its 200 day moving average price is $688.78.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.67. The firm earned $30.40 billion during the quarter, compared to analyst estimates of $29.54 billion. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. Amazon.com’s revenue was up 31.1% compared to the same quarter last year. During the same period last year, the business posted $0.19 earnings per share. On average, equities research analysts anticipate that Amazon.com Inc. will post $5.76 EPS for the current fiscal year.

In other Amazon.com news, VP Shelley Reynolds sold 625 shares of Amazon.com stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $770.10, for a total transaction of $481,312.50. Following the completion of the sale, the vice president now directly owns 6,519 shares of the company’s stock, valued at approximately $5,020,281.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 2,305 shares of Amazon.com stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $769.75, for a total value of $1,774,273.75. Following the sale, the chief executive officer now directly owns 84,446 shares of the company’s stock, valued at $65,002,308.50. The disclosure for this sale can be found here. Company insiders own 17.70% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Exchange Capital Management Inc. increased its stake in shares of Amazon.com by 1.8% in the first quarter. Exchange Capital Management Inc. now owns 10,016 shares of the e-commerce giant’s stock worth $5,946,000 after buying an additional 175 shares during the period. Daiwa SB Investments Ltd. acquired a new stake in shares of Amazon.com during the first quarter worth about $1,763,000. Exxonmobil Investment Management Inc. TX increased its stake in shares of Amazon.com by 9.1% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 94,004 shares of the e-commerce giant’s stock worth $55,805,000 after buying an additional 7,847 shares during the period. Capstone Asset Management Co. increased its stake in shares of Amazon.com by 0.3% in the first quarter. Capstone Asset Management Co. now owns 29,981 shares of the e-commerce giant’s stock worth $17,798,000 after buying an additional 75 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Amazon.com by 15.3% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 91,867 shares of the e-commerce giant’s stock worth $54,536,000 after buying an additional 12,176 shares during the period. 65.44% of the stock is owned by institutional investors.

Amazon.com Company Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).

5 Day Chart for NASDAQ:AMZN

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