Traders bought shares of Amazon.com Inc. (NASDAQ:AMZN) on weakness during trading on Monday after Royal Bank Of Canada lowered their price target on the stock from $1,000.00 to $840.00. $438.47 million flowed into the stock on the tick-up and $421.86 million flowed out of the stock on the tick-down, for a money net flow of $16.61 million into the stock. Of all companies tracked, Amazon.com had the 23rd highest net in-flow for the day. Amazon.com traded down ($3.42) for the day and closed at $775.10

Several other analysts have also issued reports on AMZN. JMP Securities reissued a “buy” rating on shares of Amazon.com in a report on Sunday, July 17th. Bank of America Corp. reissued a “buy” rating and set a $840.00 target price on shares of Amazon.com in a report on Sunday, July 17th. Jefferies Group reissued a “buy” rating on shares of Amazon.com in a report on Saturday, June 4th. Cantor Fitzgerald reissued a “buy” rating on shares of Amazon.com in a report on Saturday, June 4th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $900.00 target price on shares of Amazon.com in a report on Sunday, July 10th. Seven investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. Amazon.com currently has an average rating of “Buy” and a consensus target price of $864.64.

In related news, VP Shelley Reynolds sold 625 shares of Amazon.com stock in a transaction on Monday, August 15th. The stock was sold at an average price of $770.10, for a total transaction of $481,312.50. Following the sale, the vice president now directly owns 6,519 shares in the company, valued at $5,020,281.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 2,305 shares of Amazon.com stock in a transaction on Monday, August 15th. The stock was sold at an average price of $769.75, for a total value of $1,774,273.75. Following the sale, the chief executive officer now owns 84,446 shares in the company, valued at $65,002,308.50. The disclosure for this sale can be found here. Corporate insiders own 17.70% of the company’s stock.

A number of hedge funds have recently modified their holdings of the company. Cornerstone Advisors Inc. raised its stake in shares of Amazon.com by 0.4% in the second quarter. Cornerstone Advisors Inc. now owns 558 shares of the e-commerce giant’s stock worth $399,000 after buying an additional 2 shares during the period. Cadence Bank NA raised its stake in shares of Amazon.com by 0.4% in the second quarter. Cadence Bank NA now owns 497 shares of the e-commerce giant’s stock worth $355,000 after buying an additional 2 shares during the period. American Economic Planning Group Inc. ADV raised its stake in shares of Amazon.com by 0.6% in the second quarter. American Economic Planning Group Inc. ADV now owns 365 shares of the e-commerce giant’s stock worth $261,000 after buying an additional 2 shares during the period. First Niagara Bank raised its stake in shares of Amazon.com by 0.3% in the second quarter. First Niagara Bank now owns 1,330 shares of the e-commerce giant’s stock worth $952,000 after buying an additional 4 shares during the period. Finally, Hartford Financial Management Inc. raised its stake in shares of Amazon.com by 1.1% in the second quarter. Hartford Financial Management Inc. now owns 475 shares of the e-commerce giant’s stock worth $339,000 after buying an additional 5 shares during the period. Institutional investors and hedge funds own 65.44% of the company’s stock.

The company has a 50 day moving average price of $768.04 and a 200 day moving average price of $696.03. The firm has a market cap of $369.88 billion, a price-to-earnings ratio of 194.04 and a beta of 1.11.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.67. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. The company earned $30.40 billion during the quarter, compared to analyst estimates of $29.54 billion. During the same quarter last year, the company earned $0.19 EPS. The firm’s revenue for the quarter was up 31.1% on a year-over-year basis. Equities research analysts anticipate that Amazon.com Inc. will post $5.76 EPS for the current fiscal year.

Amazon.com Company Profile

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).

5 Day Chart for 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 MarketBeat.com's FREE daily email newsletter.