Wedbush reiterated their buy rating on shares of Amazon.com, Inc. (NASDAQ:AMZN) in a research note issued to investors on Friday. The brokerage currently has a $1,250.00 price target on the e-commerce giant’s stock.

AMZN has been the subject of several other research reports. MKM Partners reiterated a buy rating on shares of Amazon.com in a report on Thursday, March 30th. Loop Capital started coverage on shares of Amazon.com in a report on Thursday, March 30th. They set a buy rating and a $1,100.00 price target for the company. William Blair reiterated a buy rating on shares of Amazon.com in a report on Sunday, April 2nd. Vetr cut shares of Amazon.com from a hold rating to a sell rating and set a $861.67 price target for the company. in a report on Monday, April 3rd. Finally, BMO Capital Markets reiterated an outperform rating and set a $1,200.00 price target (up previously from $900.00) on shares of Amazon.com in a report on Tuesday, April 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $1,058.27.

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

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

TRADEMARK VIOLATION NOTICE: This piece was reported by Watch List News and is the property of of Watch List News. If you are accessing this piece on another site, it was illegally stolen and reposted in violation of U.S. and international copyright law. The legal version of this piece can be read at https://www.watchlistnews.com/wedbush-reiterates-buy-rating-for-amazon-com-inc-amzn/1465470.html.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,000 shares of Amazon.com stock in a transaction on Monday, June 5th. The shares were sold at an average price of $1,011.06, for a total value of $2,022,120.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $10,110,600. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Tom A. Alberg sold 670 shares of Amazon.com stock in a transaction on Friday, May 5th. The stock was sold at an average price of $940.45, for a total transaction of $630,101.50. Following the completion of the transaction, the director now directly owns 21,855 shares of the company’s stock, valued at approximately $20,553,534.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,013,585 shares of company stock valued at $954,068,366. 17.70% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the company. Alley Co LLC increased its position in Amazon.com by 1.5% in the second quarter. Alley Co LLC now owns 4,670 shares of the e-commerce giant’s stock worth $4,521,000 after buying an additional 67 shares in the last quarter. Pictet Asset Management Ltd. increased its position in Amazon.com by 1.7% in the second quarter. Pictet Asset Management Ltd. now owns 297,225 shares of the e-commerce giant’s stock worth $295,626,000 after buying an additional 4,940 shares in the last quarter. Goelzer Investment Management Inc. increased its position in Amazon.com by 48.7% in the second quarter. Goelzer Investment Management Inc. now owns 397 shares of the e-commerce giant’s stock worth $384,000 after buying an additional 130 shares in the last quarter. Northstar Wealth Partners LLC increased its position in Amazon.com by 10.3% in the second quarter. Northstar Wealth Partners LLC now owns 822 shares of the e-commerce giant’s stock worth $819,000 after buying an additional 77 shares in the last quarter. Finally, Palisade Capital Management LLC NJ increased its position in Amazon.com by 4.5% in the second quarter. Palisade Capital Management LLC NJ now owns 11,928 shares of the e-commerce giant’s stock worth $11,546,000 after buying an additional 510 shares in the last quarter. 62.50% 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)

Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.