Amazon.com, Inc. (AMZN) Receives Buy Rating from Instinet

Instinet reaffirmed their buy rating on shares of Amazon.com, Inc. (NASDAQ:AMZN) in a report issued on Sunday, July 30th. The brokerage currently has a $1,100.00 target price on the e-commerce giant’s stock.

A number of other analysts have also issued reports on the stock. Atlantic Securities reissued a buy rating on shares of Amazon.com in a research report on Friday, July 28th. JMP Securities reissued a buy rating on shares of Amazon.com in a research report on Friday, July 28th. Oppenheimer Holdings, Inc. reissued a buy rating on shares of Amazon.com in a research report on Friday, July 28th. Stifel Nicolaus reissued a buy rating and issued a $1,100.00 price target (up from $1,075.00) on shares of Amazon.com in a research report on Friday, July 28th. Finally, Morgan Stanley reissued a buy rating on shares of Amazon.com in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Amazon.com currently has an average rating of Buy and an average target price of $1,065.61.

Shares of Amazon.com (AMZN) traded down 0.79% during trading on Friday, reaching $982.01. 3,569,731 shares of the company traded hands. Amazon.com has a 12 month low of $710.10 and a 12 month high of $1,083.31. The firm has a market capitalization of $471.74 billion, a PE ratio of 249.75 and a beta of 1.48. The firm has a 50-day moving average price of $1,000.69 and a 200-day moving average price of $920.11.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by $1.00. The company had revenue of $37.96 billion during the quarter, compared to analysts’ expectations of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. Amazon.com’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period last year, the company earned $1.78 earnings per share. Equities research analysts anticipate that Amazon.com will post $3.83 EPS for the current year.

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In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,000 shares of the company’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $1,011.06, for a total value of $2,022,120.00. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $10,110,600. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jeffrey A. Wilke sold 4,000 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $969.73, for a total value of $3,878,920.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $9,697,300. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,890 shares of company stock worth $10,800,023. Insiders own 17.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of AMZN. Intellectus Partners LLC bought a new stake in Amazon.com during the fourth quarter valued at about $2,974,000. Zions Bancorporation raised its stake in Amazon.com by 2.1% in the fourth quarter. Zions Bancorporation now owns 1,094 shares of the e-commerce giant’s stock valued at $820,000 after buying an additional 23 shares during the period. Levin Capital Strategies L.P. raised its stake in Amazon.com by 20.5% in the fourth quarter. Levin Capital Strategies L.P. now owns 1,708 shares of the e-commerce giant’s stock valued at $1,281,000 after buying an additional 291 shares during the period. Crosslink Capital Inc. raised its stake in Amazon.com by 11.7% in the fourth quarter. Crosslink Capital Inc. now owns 31,672 shares of the e-commerce giant’s stock valued at $23,750,000 after buying an additional 3,317 shares during the period. Finally, First Republic Investment Management Inc. raised its stake in Amazon.com by 5.4% in the fourth quarter. First Republic Investment Management Inc. now owns 90,127 shares of the e-commerce giant’s stock valued at $67,583,000 after buying an additional 4,624 shares during the period. 62.17% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Company Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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