Aegis reissued their buy rating on shares of Amazon.com, Inc. (NASDAQ:AMZN) in a report published on Wednesday morning.

Other research analysts have also issued research reports about the company. Instinet reduced their price objective on Amazon.com to $925.00 in a research report on Friday, February 3rd. TheStreet upgraded Amazon.com from a c+ rating to a b- rating in a research report on Wednesday, February 8th. Evercore ISI reiterated a buy rating and set a $990.00 price target on shares of Amazon.com in a research report on Monday, November 28th. Citigroup Inc reduced their price target on Amazon.com from $965.00 to $960.00 and set a buy rating for the company in a research report on Monday, November 28th. Finally, William Blair reiterated a buy rating and set a $719.07 price target on shares of Amazon.com in a research report on Wednesday, November 16th. Six investment analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $939.08.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

Amazon.com (NASDAQ:AMZN) opened at 856.97 on Wednesday. The stock has a 50 day moving average price of $841.00 and a 200-day moving average price of $801.26. Amazon.com has a 12 month low of $538.58 and a 12 month high of $860.86. The stock has a market cap of $408.92 billion, a PE ratio of 174.89 and a beta of 1.40.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $1.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.19. Amazon.com had a return on equity of 13.87% and a net margin of 1.74%. The business earned $43.74 billion during the quarter, compared to analyst estimates of $44.66 billion. During the same quarter in the previous year, the firm posted $1.00 EPS. The business’s revenue for the quarter was up 22.4% compared to the same quarter last year. On average, analysts expect that Amazon.com will post $7.18 EPS for the current year.

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In other news, insider David Zapolsky sold 503 shares of the stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total value of $427,550.00. Following the completion of the transaction, the insider now directly owns 2,523 shares of the company’s stock, valued at approximately $2,144,550. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Tom A. Alberg sold 590 shares of the stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total value of $501,500.00. Following the completion of the transaction, the director now directly owns 22,525 shares of the company’s stock, valued at $19,146,250. The disclosure for this sale can be found here. Corporate insiders own 17.70% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Davidson & Garrard Inc. raised its stake in shares of Amazon.com by 17.6% in the third quarter. Davidson & Garrard Inc. now owns 4,201 shares of the e-commerce giant’s stock valued at $3,518,000 after buying an additional 628 shares during the period. Williams Jones & Associates LLC raised its stake in shares of Amazon.com by 22.7% in the second quarter. Williams Jones & Associates LLC now owns 24,801 shares of the e-commerce giant’s stock valued at $17,748,000 after buying an additional 4,596 shares during the period. Waverton Investment Management Ltd raised its stake in shares of Amazon.com by 28.4% in the third quarter. Waverton Investment Management Ltd now owns 48,369 shares of the e-commerce giant’s stock valued at $40,500,000 after buying an additional 10,692 shares during the period. DUPONT CAPITAL MANAGEMENT Corp raised its stake in shares of Amazon.com by 4.3% in the third quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 54,366 shares of the e-commerce giant’s stock valued at $45,521,000 after buying an additional 2,219 shares during the period. Finally, united american securities inc. d b a uas asset management raised its stake in shares of Amazon.com by 32.7% in the third quarter. united american securities inc. d b a uas asset management now owns 15,196 shares of the e-commerce giant’s stock valued at $12,724,000 after buying an additional 3,746 shares during the period. Institutional investors and hedge funds own 65.08% 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).

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