Jefferies Group LLC reaffirmed their buy rating on shares of Amazon.com, Inc. (NASDAQ:AMZN) in a research report sent to investors on Friday morning, Marketbeat reports. The firm currently has a $1,250.00 target price on the e-commerce giant’s stock, up from their previous target price of $1,135.00.

A number of other equities research analysts also recently issued reports on the stock. Maxim Group reissued a buy rating and set a $1,300.00 price objective on shares of Amazon.com in a research report on Wednesday, July 26th. Cantor Fitzgerald reissued a buy rating and set a $1,150.00 price objective on shares of Amazon.com in a research report on Wednesday, July 26th. Zacks Investment Research downgraded shares of Amazon.com from a hold rating to a strong sell rating in a research report on Monday, July 24th. Macquarie reissued a buy rating on shares of Amazon.com in a research report on Monday, July 24th. Finally, KeyCorp reissued a hold rating on shares of Amazon.com in a research report on Sunday, July 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $1,058.27.

Shares of Amazon.com (NASDAQ:AMZN) opened at 987.78 on Friday. Amazon.com has a 52-week low of $710.10 and a 52-week high of $1,083.31. The stock has a market cap of $474.51 billion, a P/E ratio of 251.22 and a beta of 1.48. The firm’s 50 day moving average price is $998.39 and its 200 day moving average price is $917.27.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by $1.00. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The business had revenue of $37.96 billion for the quarter, compared to the consensus estimate of $37.18 billion. During the same period in the previous year, the firm earned $1.78 EPS. The company’s revenue was up 24.8% on a year-over-year basis. On average, analysts expect that Amazon.com will post $6.72 EPS for the current year.

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In related news, CEO Jeffrey P. Bezos sold 1,000,000 shares of the firm’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $940.74, for a total transaction of $940,740,000.00. Following the sale, the chief executive officer now owns 80,857,196 shares in the company, valued at $76,065,598,565.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Tom A. Alberg sold 670 shares of the firm’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $940.45, for a total transaction of $630,101.50. Following the sale, the director now owns 21,855 shares in the company, valued at approximately $20,553,534.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,013,585 shares of company stock worth $954,068,366. 17.70% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in AMZN. Leavell Investment Management Inc. increased its position in Amazon.com by 0.3% in the second quarter. Leavell Investment Management Inc. now owns 394 shares of the e-commerce giant’s stock valued at $381,000 after buying an additional 1 shares during the last quarter. SeaBridge Investment Advisors LLC increased its position in Amazon.com by 0.4% in the second quarter. SeaBridge Investment Advisors LLC now owns 272 shares of the e-commerce giant’s stock valued at $263,000 after buying an additional 1 shares during the last quarter. Stillwater Capital Advisors LLC increased its position in Amazon.com by 0.4% in the first quarter. Stillwater Capital Advisors LLC now owns 526 shares of the e-commerce giant’s stock valued at $466,000 after buying an additional 2 shares during the last quarter. Beese Fulmer Investment Management Inc. increased its position in Amazon.com by 0.7% in the first quarter. Beese Fulmer Investment Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $256,000 after buying an additional 2 shares during the last quarter. Finally, Round Table Services LLC increased its position in Amazon.com by 0.3% in the first quarter. Round Table Services LLC now owns 701 shares of the e-commerce giant’s stock valued at $621,000 after buying an additional 2 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

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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