Macquarie restated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a report released on Wednesday morning.

Other analysts have also issued research reports about the stock. Nomura reissued a buy rating on shares of Amazon.com in a report on Friday, July 27th. Canaccord Genuity raised their price target on shares of Amazon.com from $2,000.00 to $2,100.00 and gave the company a buy rating in a report on Friday, July 27th. Morgan Stanley reissued a buy rating on shares of Amazon.com in a report on Wednesday, July 11th. Royal Bank of Canada reissued a $1,842.92 rating on shares of Amazon.com in a report on Wednesday, July 18th. Finally, Barclays reissued a buy rating and issued a $1,870.00 price target on shares of Amazon.com in a report on Friday, July 27th. Two investment analysts have rated the stock with a hold rating, fifty have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and an average target price of $1,933.51.

Shares of Amazon.com stock opened at $1,882.22 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 0.78. The company has a market capitalization of $920.03 billion, a P/E ratio of 413.67, a P/E/G ratio of 4.12 and a beta of 1.60. Amazon.com has a fifty-two week low of $931.75 and a fifty-two week high of $1,925.00.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $2.58. The business had revenue of $52.89 billion during the quarter, compared to analyst estimates of $53.37 billion. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. Amazon.com’s revenue for the quarter was up 39.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 earnings per share. equities analysts predict that Amazon.com will post 17.27 earnings per share for the current fiscal year.

In other news, CEO Jeffrey A. Wilke sold 1,230 shares of Amazon.com stock in a transaction on Monday, May 21st. The shares were sold at an average price of $1,582.11, for a total transaction of $1,945,995.30. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $15,821,100. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Thomas O. Ryder sold 5,000 shares of Amazon.com stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $1,783.81, for a total transaction of $8,919,050.00. Following the transaction, the director now directly owns 10,752 shares in the company, valued at $19,179,525.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,785 shares of company stock worth $30,772,135. Insiders own 16.30% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. M Holdings Securities Inc. lifted its position in Amazon.com by 136.9% in the 2nd quarter. M Holdings Securities Inc. now owns 2,163 shares of the e-commerce giant’s stock valued at $3,677,000 after acquiring an additional 1,250 shares in the last quarter. Global X Management Co LLC lifted its position in Amazon.com by 34.8% in the 2nd quarter. Global X Management Co LLC now owns 4,708 shares of the e-commerce giant’s stock valued at $8,003,000 after acquiring an additional 1,215 shares in the last quarter. Carnegie Capital Asset Management LLC lifted its position in Amazon.com by 0.9% in the 2nd quarter. Carnegie Capital Asset Management LLC now owns 9,410 shares of the e-commerce giant’s stock valued at $18,046,000 after acquiring an additional 84 shares in the last quarter. Amussen Hunsaker Associates LLC lifted its position in Amazon.com by 106.1% in the 2nd quarter. Amussen Hunsaker Associates LLC now owns 1,385 shares of the e-commerce giant’s stock valued at $2,354,000 after acquiring an additional 24,223 shares in the last quarter. Finally, MAI Capital Management lifted its position in Amazon.com by 5.2% in the 2nd quarter. MAI Capital Management now owns 7,033 shares of the e-commerce giant’s stock valued at $11,955,000 after acquiring an additional 349 shares in the last quarter. 57.13% of the stock is currently owned by institutional investors.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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