Investors bought shares of Amazon.com Inc. (NASDAQ:AMZN) on weakness during trading hours on Tuesday after Citigroup lowered their price target on the stock from $965.00 to $960.00. $845.28 million flowed into the stock on the tick-up and $622.05 million flowed out of the stock on the tick-down, for a money net flow of $223.23 million into the stock. Of all companies tracked, Amazon.com had the highest net in-flow for the day. Amazon.com traded down ($4.25) for the day and closed at $762.52

A number of other research firms also recently weighed in on AMZN. Wedbush lifted their price target on shares of Amazon.com from $835.00 to $900.00 and gave the stock an “outperform” rating in a research note on Sunday, July 31st. Piper Jaffray Cos. reiterated a “buy” rating and set a $800.00 price target on shares of Amazon.com in a research note on Sunday, July 31st. Cowen and Company reiterated an “outperform” rating and set a $900.00 price target (up previously from $830.00) on shares of Amazon.com in a research note on Sunday, July 31st. BMO Capital Markets reiterated an “outperform” rating and set a $875.00 price target (up previously from $800.00) on shares of Amazon.com in a research note on Sunday, July 31st. Finally, Pacific Crest lifted their price target on shares of Amazon.com from $820.00 to $847.00 and gave the stock an “overweight” rating in a research note on Monday, August 1st. Six analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Amazon.com has a consensus rating of “Buy” and a consensus target price of $911.75.

In other Amazon.com news, CEO Andrew R. Jassy sold 14,000 shares of the company’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $800.00, for a total value of $11,200,000.00. Following the transaction, the chief executive officer now directly owns 68,141 shares in the company, valued at approximately $54,512,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 17.70% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the company. Harvest Capital Management Inc raised its position in shares of Amazon.com by 15.4% in the third quarter. Harvest Capital Management Inc now owns 450 shares of the e-commerce giant’s stock worth $335,000 after buying an additional 60 shares in the last quarter. SevenBridge Financial Group LLC raised its position in shares of Amazon.com by 18.9% in the third quarter. SevenBridge Financial Group LLC now owns 662 shares of the e-commerce giant’s stock worth $549,000 after buying an additional 105 shares in the last quarter. First Heartland Consultants Inc. raised its position in shares of Amazon.com by 8.2% in the third quarter. First Heartland Consultants Inc. now owns 1,048 shares of the e-commerce giant’s stock worth $877,000 after buying an additional 79 shares in the last quarter. Monroe Bank & Trust MI raised its position in shares of Amazon.com by 31.4% in the third quarter. Monroe Bank & Trust MI now owns 577 shares of the e-commerce giant’s stock worth $456,000 after buying an additional 138 shares in the last quarter. Finally, RWC Asset Management LLP raised its position in shares of Amazon.com by 15.6% in the third quarter. RWC Asset Management LLP now owns 71,332 shares of the e-commerce giant’s stock worth $59,727,000 after buying an additional 9,652 shares in the last quarter. Institutional investors and hedge funds own 64.77% of the company’s stock.

The firm has a 50-day moving average price of $789.54 and a 200 day moving average price of $761.26. The firm has a market cap of $356.65 billion, a price-to-earnings ratio of 171.95 and a beta of 1.51.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.80 by $0.28. The firm earned $32.71 billion during the quarter, compared to analysts’ expectations of $32.69 billion. Amazon.com had a return on equity of 13.47% and a net margin of 1.64%. The business’s quarterly revenue was up 29.0% on a year-over-year basis. During the same quarter last year, the business earned $0.17 earnings per share. Equities research analysts predict that Amazon.com Inc. will post $4.78 earnings per share for the current fiscal year.

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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

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