Amazon.com, Inc. (AMZN) Downgraded by Vetr Inc.

Vetr downgraded shares of Amazon.com, Inc. (NASDAQ:AMZN) from a strong-buy rating to a buy rating in a research note published on Tuesday morning. They currently have $1,088.80 price objective on the e-commerce giant’s stock.

Other equities analysts also recently issued reports about the company. Barclays PLC raised their price objective on Amazon.com from $1,120.00 to $1,150.00 and gave the company an overweight rating in a research note on Friday, July 28th. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and issued a $1,275.00 price objective on shares of Amazon.com in a research note on Friday, July 28th. J P Morgan Chase & Co reaffirmed a buy rating on shares of Amazon.com in a research note on Friday, July 28th. Stifel Nicolaus reaffirmed a buy rating and issued a $1,100.00 price objective (up from $1,075.00) on shares of Amazon.com in a research note on Friday, July 28th. Finally, Oppenheimer Holdings, Inc. reaffirmed a buy rating on shares of Amazon.com in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, forty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. Amazon.com presently has an average rating of Buy and a consensus target price of $1,121.04.

Amazon.com (NASDAQ AMZN) traded up 0.495% during mid-day trading on Tuesday, hitting $1005.885. The stock had a trading volume of 955,693 shares. Amazon.com has a 12-month low of $710.10 and a 12-month high of $1,083.31. The firm has a market cap of $483.21 billion, a P/E ratio of 255.820 and a beta of 1.47. The stock has a 50-day moving average price of $970.06 and a 200 day moving average price of $965.51.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the consensus estimate of $1.40 by ($1.00). The business had revenue of $37.96 billion during the quarter, compared to analyst estimates of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.78 earnings per share. Equities analysts anticipate that Amazon.com will post $3.59 EPS for the current fiscal year.

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In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,800 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total value of $2,674,560.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at $9,552,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 544 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $986.52, for a total value of $536,666.88. Following the completion of the sale, the vice president now owns 6,533 shares of the company’s stock, valued at $6,444,935.16. The disclosure for this sale can be found here. Insiders sold 9,083 shares of company stock valued at $8,874,850 over the last 90 days. 17.70% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Crow Point Partners LLC lifted its position in Amazon.com by 288.6% in the third quarter. Crow Point Partners LLC now owns 171 shares of the e-commerce giant’s stock worth $164,000 after purchasing an additional 127 shares during the period. Fulton Bank N.A. lifted its position in Amazon.com by 32.0% in the third quarter. Fulton Bank N.A. now owns 4,069 shares of the e-commerce giant’s stock worth $3,912,000 after purchasing an additional 987 shares during the period. Private Asset Management Inc. lifted its position in Amazon.com by 9.1% in the third quarter. Private Asset Management Inc. now owns 4,395 shares of the e-commerce giant’s stock worth $4,395,000 after purchasing an additional 368 shares during the period. McQueen Ball & Associates Inc. lifted its position in Amazon.com by 26.6% in the third quarter. McQueen Ball & Associates Inc. now owns 448 shares of the e-commerce giant’s stock worth $431,000 after purchasing an additional 94 shares during the period. Finally, Eqis Capital Management Inc. lifted its position in Amazon.com by 168.8% in the third quarter. Eqis Capital Management Inc. now owns 2,734 shares of the e-commerce giant’s stock worth $2,628,000 after purchasing an additional 1,717 shares during the period. Hedge funds and other institutional investors own 60.77% of the company’s stock.

About Amazon.com

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 Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

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

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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