Maxim Group restated their buy rating on shares of Amazon.com, Inc. (NASDAQ:AMZN) in a report released on Wednesday. The brokerage currently has a $1,300.00 price objective on the e-commerce giant’s stock.

A number of other research firms also recently weighed in on AMZN. Cantor Fitzgerald restated a buy rating and issued a $1,050.00 target price on shares of Amazon.com in a research report on Wednesday. Zacks Investment Research downgraded Amazon.com from a hold rating to a strong sell rating in a research report on Monday, July 24th. 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. Finally, Vetr downgraded Amazon.com from a strong-buy rating to a buy rating and set a $1,132.46 target price for the company. in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and forty-five have given a buy rating to the stock. Amazon.com has a consensus rating of Buy and a consensus price target of $1,040.46.

Shares of Amazon.com (NASDAQ AMZN) opened at 1020.04 on Wednesday. The company has a market cap of $489.62 billion, a PE ratio of 259.42 and a beta of 1.48. The company’s 50-day moving average is $998.12 and its 200 day moving average is $914.29. Amazon.com has a 52-week low of $710.10 and a 52-week high of $1,083.31. Amazon.com also saw unusually large options trading on Thursday. Stock traders acquired 74,508 put options on the company. This represents an increase of approximately 141% compared to the average daily volume of 30,945 put options.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.40 by $1.00. The firm had revenue of $37.96 billion during the quarter, compared to the consensus estimate of $37.18 billion. Amazon.com had a return on equity of 9.82% and a net margin of 1.28%. The business’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.78 EPS. On average, analysts anticipate that Amazon.com will post $6.72 EPS for the current year.

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In related news, insider David Zapolsky sold 505 shares of the firm’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $946.59, for a total transaction of $478,027.95. Following the completion of the sale, the insider now directly owns 2,018 shares of the company’s stock, valued at approximately $1,910,218.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $940.74, for a total value of $940,740,000.00. Following the sale, the chief executive officer now directly owns 80,857,196 shares of the company’s stock, valued at $76,065,598,565.04. The disclosure for this sale can be found here. Insiders sold a total of 1,014,090 shares of company stock valued at $954,546,394 over the last ninety days. Corporate insiders own 17.70% of the company’s stock.

Several large investors have recently modified their holdings of AMZN. OLD Second National Bank of Aurora raised its stake in shares of Amazon.com by 15.0% in the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock worth $102,000 after buying an additional 15 shares in the last quarter. Clear Investment Research LLC raised its stake in shares of Amazon.com by 73,100.0% in the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock worth $107,000 after buying an additional 731 shares in the last quarter. WealthTrust Arizona LLC raised its stake in shares of Amazon.com by 2.7% in the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock worth $110,000 after buying an additional 3 shares in the last quarter. Ibex Wealth Advisors acquired a new stake in shares of Amazon.com during the fourth quarter worth about $113,000. Finally, LeJeune Puetz Investment Counsel LLC acquired a new stake in shares of Amazon.com during the second quarter worth about $116,000. 62.48% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Company Profile

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 North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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