Morgan Stanley reaffirmed their overweight rating on shares of Amazon.com Inc. (NASDAQ:AMZN) in a research report sent to investors on Thursday morning.

Other equities analysts have also issued reports about the stock. Jefferies Group reiterated a buy rating on shares of Amazon.com in a report on Saturday, June 4th. Cantor Fitzgerald reissued a buy rating on shares of Amazon.com in a research report on Saturday, June 4th. JMP Securities reissued a buy rating and set a $775.00 price target on shares of Amazon.com in a research report on Saturday, July 9th. Deutsche Bank AG reissued a buy rating and set a $900.00 price target on shares of Amazon.com in a research report on Sunday, July 10th. Finally, Bank of America Corp. reissued a buy rating and set a $840.00 price target on shares of Amazon.com in a research report on Sunday, July 17th. Seven analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. Amazon.com currently has a consensus rating of Buy and a consensus price target of $864.64.

Shares of Amazon.com (NASDAQ:AMZN) opened at 780.22 on Thursday. Amazon.com has a 52-week low of $474.00 and a 52-week high of $790.79. The stock has a market cap of $369.88 billion, a P/E ratio of 194.04 and a beta of 1.11. The firm’s 50 day moving average price is $768.04 and its 200 day moving average price is $696.03.

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 Thomson Reuters’ consensus estimate of $1.11 by $0.67. Amazon.com had a net margin of 1.60% and a return on equity of 13.52%. The firm earned $30.40 billion during the quarter, compared to analyst estimates of $29.54 billion. During the same period last year, the business earned $0.19 earnings per share. The business’s revenue was up 31.1% on a year-over-year basis. On average, analysts expect that Amazon.com will post $5.76 EPS for the current year.

In other news, CEO Jeffrey P. Bezos sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $756.74, for a total value of $756,740,000.00. Following the sale, the chief executive officer now directly owns 81,871,067 shares in the company, valued at approximately $61,955,111,241.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew R. Jassy sold 2,305 shares of the business’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $769.75, for a total transaction of $1,774,273.75. Following the completion of the sale, the chief executive officer now owns 84,446 shares in the company, valued at $65,002,308.50. The disclosure for this sale can be found here. 17.70% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Pathstone Family Office LLC increased its stake in Amazon.com by 92.1% in the second quarter. Pathstone Family Office LLC now owns 146 shares of the e-commerce giant’s stock worth $105,000 after buying an additional 70 shares during the period. Kistler Tiffany Companies LLC increased its stake in Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock worth $108,000 after buying an additional 136 shares during the period. Kings Point Capital Management acquired a new stake in Amazon.com during the second quarter worth $109,000. Krilogy Financial LLC increased its stake in Amazon.com by 157.1% in the second quarter. Krilogy Financial LLC now owns 198 shares of the e-commerce giant’s stock worth $142,000 after buying an additional 121 shares during the period. Finally, West Oak Capital LLC increased its stake in Amazon.com by 105.7% in the second quarter. West Oak Capital LLC now owns 216 shares of the e-commerce giant’s stock worth $155,000 after buying an additional 111 shares during the period. Hedge funds and other institutional investors own 65.44% of the company’s stock.

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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