BidaskClub downgraded shares of Amazon.com (NASDAQ:AMZN) from a hold rating to a sell rating in a research note released on Wednesday morning, BidAskClub reports.

AMZN has been the subject of a number of other reports. Deutsche Bank raised their price target on Amazon.com from $2,315.00 to $2,515.00 and gave the company a buy rating in a research note on Monday, July 22nd. UBS Group restated a buy rating on shares of Amazon.com in a research note on Friday, July 26th. Mizuho restated a buy rating and issued a $2,200.00 price target (up from $2,080.00) on shares of Amazon.com in a research note on Friday, July 26th. Cowen set a $2,500.00 price target on Amazon.com and gave the company a buy rating in a research note on Monday, July 15th. Finally, Oppenheimer set a $2,100.00 price target on Amazon.com and gave the company a buy rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and forty-two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $2,251.95.

AMZN stock opened at $1,792.57 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.44. The business has a 50 day moving average price of $1,908.40 and a two-hundred day moving average price of $1,816.58. The company has a market cap of $886.71 billion, a price-to-earnings ratio of 89.01, a P/E/G ratio of 2.23 and a beta of 1.55. Amazon.com has a twelve month low of $1,307.00 and a twelve month high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $5.29 by ($0.07). The company had revenue of $63.40 billion during the quarter, compared to the consensus estimate of $62.59 billion. Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The firm’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.07 earnings per share. On average, equities research analysts anticipate that Amazon.com will post 24.52 EPS for the current fiscal year.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 1,000 shares of Amazon.com stock in a transaction on Monday, May 20th. The stock was sold at an average price of $1,858.25, for a total value of $1,858,250.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $18,582,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 7,308 shares of Amazon.com stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $2,000.00, for a total value of $14,616,000.00. Following the completion of the transaction, the chief executive officer now directly owns 92,614 shares of the company’s stock, valued at $185,228,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,071 shares of company stock valued at $18,000,250. 16.10% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Gulf International Bank UK Ltd boosted its stake in Amazon.com by 0.5% in the second quarter. Gulf International Bank UK Ltd now owns 98,957 shares of the e-commerce giant’s stock valued at $187,387,000 after acquiring an additional 480 shares in the last quarter. Weiss Asset Management LP purchased a new position in shares of Amazon.com during the first quarter worth $214,000. Davy Asset Management Ltd purchased a new position in shares of Amazon.com during the second quarter worth $3,528,000. Evanson Asset Management LLC raised its holdings in shares of Amazon.com by 1.3% during the second quarter. Evanson Asset Management LLC now owns 4,493 shares of the e-commerce giant’s stock worth $8,508,000 after purchasing an additional 59 shares during the last quarter. Finally, Corundum Group Inc. purchased a new position in shares of Amazon.com during the fourth quarter worth $888,000. 57.17% of the stock is owned by hedge funds and other institutional investors.

About Amazon.com

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 third-party sellers through physical stores and online stores.

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