Shares of Amazon.com, Inc. (NASDAQ:AMZN) have been given a consensus recommendation of “Buy” by the fifty-two analysts that are currently covering the company. Six equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $941.02.

Several research analysts have issued reports on the company. Morningstar, Inc. reiterated a “buy” rating on shares of Amazon.com in a research report on Thursday, December 1st. SunTrust Banks, Inc. reissued a “hold” rating and issued a $850.00 target price on shares of Amazon.com in a report on Tuesday, February 21st. Goldman Sachs Group Inc reissued a “buy” rating on shares of Amazon.com in a report on Thursday, January 5th. William Blair reissued an “outperform” rating on shares of Amazon.com in a report on Tuesday, December 13th. Finally, Cantor Fitzgerald reissued a “buy” rating on shares of Amazon.com in a report on Wednesday, December 28th.

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In other news, insider David Zapolsky sold 503 shares of the firm’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total value of $427,550.00. Following the transaction, the insider now directly owns 2,523 shares in the company, valued at approximately $2,144,550. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Tom A. Alberg sold 590 shares of the firm’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total value of $501,500.00. Following the completion of the transaction, the director now owns 22,525 shares in the company, valued at $19,146,250. The disclosure for this sale can be found here. Company insiders own 17.70% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Davidson & Garrard Inc. raised its position in Amazon.com by 17.6% in the third quarter. Davidson & Garrard Inc. now owns 4,201 shares of the e-commerce giant’s stock valued at $3,518,000 after buying an additional 628 shares during the last quarter. Williams Jones & Associates LLC raised its position in Amazon.com by 22.7% in the second quarter. Williams Jones & Associates LLC now owns 24,801 shares of the e-commerce giant’s stock valued at $17,748,000 after buying an additional 4,596 shares during the last quarter. Waverton Investment Management Ltd raised its position in Amazon.com by 28.4% in the third quarter. Waverton Investment Management Ltd now owns 48,369 shares of the e-commerce giant’s stock valued at $40,500,000 after buying an additional 10,692 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp raised its position in Amazon.com by 4.3% in the third quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 54,366 shares of the e-commerce giant’s stock valued at $45,521,000 after buying an additional 2,219 shares during the last quarter. Finally, united american securities inc. d b a uas asset management raised its position in Amazon.com by 32.7% in the third quarter. united american securities inc. d b a uas asset management now owns 15,196 shares of the e-commerce giant’s stock valued at $12,724,000 after buying an additional 3,746 shares during the last quarter. Institutional investors own 65.08% of the company’s stock.

Amazon.com (NASDAQ:AMZN) opened at 856.97 on Thursday. Amazon.com has a 12-month low of $538.58 and a 12-month high of $860.86. The stock has a market cap of $408.92 billion, a price-to-earnings ratio of 174.89 and a beta of 1.40. The stock’s 50 day moving average price is $841.00 and its 200 day moving average price is $801.26.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $1.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.19. The firm earned $43.74 billion during the quarter, compared to analysts’ expectations of $44.66 billion. Amazon.com had a return on equity of 13.87% and a net margin of 1.74%. Amazon.com’s revenue was up 22.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.00 earnings per share. Analysts forecast that Amazon.com will post $7.18 EPS for the current fiscal year.

About Amazon.com

Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).

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