Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating restated by stock analysts at SunTrust Banks in a note issued to investors on Friday, TipRanks reports. They presently have a $2,350.00 price target on the e-commerce giant’s stock. SunTrust Banks’ price objective would indicate a potential upside of 31.90% from the stock’s current price.

A number of other research analysts also recently commented on the stock. BidaskClub raised shares of Amazon.com from a “strong sell” rating to a “sell” rating in a report on Wednesday, November 27th. Stifel Nicolaus set a $2,300.00 price target on shares of Amazon.com and gave the company a “buy” rating in a report on Sunday, October 20th. Cowen reissued a “buy” rating and issued a $2,400.00 price objective on shares of Amazon.com in a research note on Tuesday, November 26th. Zacks Investment Research raised shares of Amazon.com from a “strong sell” rating to a “hold” rating and set a $1,480.00 price objective for the company in a research note on Wednesday, September 25th. Finally, MKM Partners reissued a “buy” rating and issued a $2,350.00 price objective (up previously from $2,240.00) on shares of Amazon.com in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and forty-two have given a buy rating to the company. Amazon.com presently has an average rating of “Buy” and an average target price of $2,167.41.

Shares of NASDAQ:AMZN traded down $19.20 during trading on Friday, reaching $1,781.60. The company’s stock had a trading volume of 3,924,153 shares, compared to its average volume of 3,936,617. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.40. Amazon.com has a 12 month low of $1,307.00 and a 12 month high of $2,035.80. The firm’s 50 day simple moving average is $1,767.47 and its two-hundred day simple moving average is $1,824.52. The stock has a market capitalization of $883.27 billion, a PE ratio of 88.46, a price-to-earnings-growth ratio of 3.30 and a beta of 1.53.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 EPS for the quarter, missing the Zacks’ consensus estimate of $4.46 by ($0.23). Amazon.com had a net margin of 4.27% and a return on equity of 22.52%. The business had revenue of $69.98 billion during the quarter, compared to the consensus estimate of $68.72 billion. During the same period in the previous year, the business posted $5.75 EPS. The firm’s revenue was up 23.7% on a year-over-year basis. Research analysts anticipate that Amazon.com will post 20.52 EPS for the current fiscal year.

In other news, CEO Jeffrey A. Wilke sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $1,748.04, for a total transaction of $1,748,040.00. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $17,480,400. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Indra K. Nooyi bought 100 shares of Amazon.com stock in a transaction dated Friday, October 4th. The shares were bought at an average cost of $1,726.06 per share, for a total transaction of $172,606.00. Following the completion of the transaction, the director now owns 250 shares of the company’s stock, valued at approximately $431,515. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 15,296 shares of company stock worth $27,149,828. Corporate insiders own 16.10% of the company’s stock.

Large investors have recently modified their holdings of the company. First National Bank of Hutchinson grew its holdings in Amazon.com by 0.5% in the second quarter. First National Bank of Hutchinson now owns 1,106 shares of the e-commerce giant’s stock worth $2,115,000 after purchasing an additional 6 shares during the last quarter. Brasada Capital Management LP grew its holdings in Amazon.com by 1.2% in the second quarter. Brasada Capital Management LP now owns 496 shares of the e-commerce giant’s stock worth $962,000 after purchasing an additional 6 shares during the last quarter. Alera Investment Advisors LLC grew its holdings in Amazon.com by 0.4% in the second quarter. Alera Investment Advisors LLC now owns 1,368 shares of the e-commerce giant’s stock worth $2,590,000 after purchasing an additional 6 shares during the last quarter. Midwest Professional Planners LTD. grew its holdings in Amazon.com by 2.4% in the second quarter. Midwest Professional Planners LTD. now owns 254 shares of the e-commerce giant’s stock worth $481,000 after purchasing an additional 6 shares during the last quarter. Finally, Peak Asset Management LLC grew its holdings in Amazon.com by 1.1% in the second quarter. Peak Asset Management LLC now owns 548 shares of the e-commerce giant’s stock worth $1,038,000 after purchasing an additional 6 shares during the last quarter. 56.01% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Company Profile

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 third-party sellers through physical stores and online stores.

Read More: What is a short straddle?

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.