Traders purchased shares of Amazon.com Inc. (NASDAQ:AMZN) on weakness during trading on Thursday. $480.17 million flowed into the stock on the tick-up and $447.59 million flowed out of the stock on the tick-down, for a money net flow of $32.58 million into the stock. Of all companies tracked, Amazon.com had the 14th highest net in-flow for the day. Amazon.com traded down ($1.29) for the day and closed at $744.43

Several research firms have recently commented on AMZN. Credit Suisse Group AG reduced their price objective on Amazon.com in a research note on Tuesday, May 10th. Piper Jaffray Cos. restated a “buy” rating and issued a $800.00 price objective on shares of Amazon.com in a research note on Tuesday, April 12th. Deutsche Bank AG restated a “buy” rating and issued a $800.00 price objective on shares of Amazon.com in a research note on Monday, April 4th. Morgan Stanley restated a “buy” rating and issued a $800.00 price objective on shares of Amazon.com in a research note on Saturday, April 2nd. Finally, Robert W. Baird restated a “buy” rating and issued a $710.00 price objective on shares of Amazon.com in a research note on Friday, April 1st. Seven equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $803.70.

The company has a market capitalization of $351.24 billion and a price-to-earnings ratio of 306.85. The company has a 50 day moving average price of $725.78 and a 200-day moving average price of $635.10.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, April 28th. The e-commerce giant reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.49. The business had revenue of $29.10 million for the quarter, compared to analysts’ expectations of $27.97 million. During the same period in the previous year, the business posted ($0.12) earnings per share. The company’s revenue for the quarter was up 28.2% on a year-over-year basis. Equities analysts forecast that Amazon.com Inc. will post $5.40 EPS for the current fiscal year.

In other Amazon.com news, CEO Jeffrey P. Bezos sold 1,000,000 shares of the firm’s stock in a transaction on Thursday, May 5th. The shares were sold at an average price of $671.29, for a total transaction of $671,290,000.00. Following the transaction, the chief executive officer now directly owns 82,839,882 shares of the company’s stock, valued at approximately $55,609,584,387.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Zapolsky sold 1,110 shares of the firm’s stock in a transaction on Tuesday, May 3rd. The stock was sold at an average price of $677.36, for a total transaction of $751,869.60. Following the transaction, the senior vice president now directly owns 2,375 shares in the company, valued at $1,608,730. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have modified their holdings of AMZN. WESPAC Advisors LLC acquired a new position in shares of Amazon.com during the fourth quarter valued at about $1,105,000. Adirondack Trust Co. boosted its stake in Amazon.com by 2.3% in the fourth quarter. Adirondack Trust Co. now owns 1,982 shares of the e-commerce giant’s stock valued at $1,163,000 after buying an additional 44 shares during the period. Investors Capital Advisory Services boosted its stake in Amazon.com by 16.0% in the fourth quarter. Investors Capital Advisory Services now owns 1,815 shares of the e-commerce giant’s stock valued at $1,226,000 after buying an additional 251 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co boosted its stake in Amazon.com by 17.0% in the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,895 shares of the e-commerce giant’s stock valued at $1,281,000 after buying an additional 275 shares during the period. Finally, Davidson & Garrard Inc. boosted its stake in Amazon.com by 9.5% in the fourth quarter. Davidson & Garrard Inc. now owns 1,901 shares of the e-commerce giant’s stock valued at $1,285,000 after buying an additional 165 shares during the period.

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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