Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating reaffirmed by research analysts at Citigroup in a report released on Sunday, November 19th.

Several other equities research analysts have also recently weighed in on AMZN. KeyCorp restated a “hold” rating on shares of Amazon.com in a research report on Sunday, July 23rd. Macquarie restated a “buy” rating on shares of Amazon.com in a research report on Monday, July 24th. Zacks Investment Research cut shares of Amazon.com from a “hold” rating to a “strong sell” rating in a research report on Monday, July 24th. Cantor Fitzgerald restated a “buy” rating and issued a $1,150.00 price target on shares of Amazon.com in a research report on Wednesday, July 26th. Finally, Maxim Group restated a “buy” rating and issued a $1,300.00 price target on shares of Amazon.com in a research report on Wednesday, July 26th. Five analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $1,198.48.

Amazon.com (NASDAQ:AMZN) traded down $32.33 during trading on Friday, hitting $1,161.27. 9,257,500 shares of the stock traded hands, compared to its average volume of 3,568,111. Amazon.com has a 52-week low of $736.70 and a 52-week high of $1,213.41. The company has a market capitalization of $565,500.00, a PE ratio of 302.94, a P/E/G ratio of 14.95 and a beta of 1.45. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.57). Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The business had revenue of $43.74 billion during the quarter, compared to the consensus estimate of $42.26 billion. During the same quarter in the prior year, the firm posted $0.52 EPS. The company’s revenue for the quarter was up 33.7% on a year-over-year basis. sell-side analysts expect that Amazon.com will post 4.24 earnings per share for the current fiscal year.

In related news, CEO Jeffrey P. Bezos sold 391,110 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the sale, the chief executive officer now owns 79,891,433 shares in the company, valued at $88,162,593,058.49. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Tom A. Alberg sold 835 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $1,202.74, for a total value of $1,004,287.90. Following the completion of the sale, the director now owns 17,114 shares in the company, valued at approximately $20,583,692.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 399,538 shares of company stock worth $441,142,749. 17.00% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sage Capital Advisors llc boosted its position in Amazon.com by 554.9% in the 3rd quarter. Sage Capital Advisors llc now owns 2,135 shares of the e-commerce giant’s stock worth $2,052,000 after purchasing an additional 1,809 shares in the last quarter. Shelton Capital Management boosted its position in Amazon.com by 5.0% in the 3rd quarter. Shelton Capital Management now owns 28,220 shares of the e-commerce giant’s stock worth $27,129,000 after purchasing an additional 1,340 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in Amazon.com by 15.1% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,686 shares of the e-commerce giant’s stock worth $1,621,000 after purchasing an additional 221 shares in the last quarter. Institutional & Family Asset Management LLC boosted its position in Amazon.com by 18.6% in the 3rd quarter. Institutional & Family Asset Management LLC now owns 414 shares of the e-commerce giant’s stock worth $398,000 after purchasing an additional 65 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new stake in Amazon.com in the 3rd quarter worth approximately $21,939,000. Hedge funds and other institutional investors own 59.70% of the company’s stock.

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About Amazon.com

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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