ValuEngine downgraded shares of Amazon.com (NASDAQ:AMZN) from a buy rating to a hold rating in a research note released on Friday.

Other equities research analysts have also issued research reports about the stock. Nomura reissued a buy rating on shares of Amazon.com in a report on Friday, July 27th. Canaccord Genuity boosted their price target on shares of Amazon.com from $2,000.00 to $2,100.00 and gave the stock a buy rating in a report on Friday, July 27th. Morgan Stanley reissued a buy rating on shares of Amazon.com in a report on Wednesday, July 11th. Macquarie reissued a buy rating on shares of Amazon.com in a report on Friday, July 27th. Finally, Barclays reissued a buy rating and issued a $1,870.00 price target on shares of Amazon.com in a report on Friday, July 27th. Four equities research analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the company. Amazon.com currently has an average rating of Buy and a consensus target price of $2,005.64.

NASDAQ AMZN traded up $69.25 on Friday, hitting $1,788.61. The company had a trading volume of 9,384,185 shares, compared to its average volume of 5,128,370. The firm has a market cap of $976.95 billion, a PE ratio of 393.10, a PEG ratio of 4.17 and a beta of 1.58. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.78 and a current ratio of 1.07. Amazon.com has a 12-month low of $962.50 and a 12-month high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 EPS for the quarter, topping the consensus estimate of $2.49 by $2.58. The company had revenue of $52.89 billion during the quarter, compared to analyst estimates of $53.37 billion. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. The firm’s revenue was up 39.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 EPS. On average, equities analysts predict that Amazon.com will post 17.78 EPS for the current fiscal year.

In related news, Director Judith A. Mcgrath sold 500 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $1,905.00, for a total value of $952,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Tom A. Alberg sold 2,320 shares of the company’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $1,827.29, for a total transaction of $4,239,312.80. The disclosure for this sale can be found here. Insiders sold 25,308 shares of company stock valued at $47,905,498 in the last three months. 16.30% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in Amazon.com by 0.7% in the second quarter. BlackRock Inc. now owns 25,402,494 shares of the e-commerce giant’s stock valued at $43,179,159,000 after buying an additional 167,739 shares during the last quarter. FMR LLC lifted its position in Amazon.com by 0.7% in the second quarter. FMR LLC now owns 17,245,226 shares of the e-commerce giant’s stock valued at $29,313,435,000 after buying an additional 121,401 shares during the last quarter. Summit Trail Advisors LLC lifted its position in Amazon.com by 180,406.1% in the first quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock valued at $9,848,000 after buying an additional 9,842,959 shares during the last quarter. Northern Trust Corp lifted its position in Amazon.com by 1.1% in the second quarter. Northern Trust Corp now owns 4,676,441 shares of the e-commerce giant’s stock valued at $7,949,013,000 after buying an additional 50,552 shares during the last quarter. Finally, Morgan Stanley lifted its position in Amazon.com by 1.8% in the second quarter. Morgan Stanley now owns 4,637,654 shares of the e-commerce giant’s stock valued at $7,883,083,000 after buying an additional 81,024 shares during the last quarter. 57.36% of the stock is owned by hedge funds and other institutional investors.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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