Shares of Amazon.com, Inc. (NASDAQ:AMZN) have received a consensus rating of “Buy” from the fifty-seven research firms that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, forty-eight have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $1,458.99.

A number of equities analysts have commented on the stock. Cantor Fitzgerald reiterated a “buy” rating and issued a $1,150.00 price objective on shares of Amazon.com in a report on Tuesday, October 24th. They noted that the move was a valuation call. Bank of America reiterated a “buy” rating and issued a $1,460.00 price objective (up previously from $1,220.00) on shares of Amazon.com in a report on Tuesday, January 16th. They noted that the move was a valuation call. Vetr lowered shares of Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,079.96 price objective on the stock. in a report on Monday, October 23rd. Canaccord Genuity reiterated a “buy” rating and issued a $1,250.00 price objective (up previously from $1,200.00) on shares of Amazon.com in a report on Friday, October 27th. Finally, Jefferies Group restated a “buy” rating and issued a $1,350.00 target price on shares of Amazon.com in a research note on Friday, October 27th.

Shares of Amazon.com (NASDAQ:AMZN) traded up $49.14 during mid-day trading on Friday, reaching $1,388.74. 4,662,713 shares of the company’s stock were exchanged, compared to its average volume of 5,790,000. Amazon.com has a 52-week low of $822.85 and a 52-week high of $1,498.00. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.04 and a quick ratio of 0.76. The firm has a market cap of $666,650.00, a price-to-earnings ratio of 225.08, a P/E/G ratio of 5.89 and a beta of 1.63.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.31. Amazon.com had a net margin of 1.71% and a return on equity of 9.23%. The firm had revenue of $60.45 billion for the quarter, compared to analyst estimates of $59.85 billion. During the same quarter in the previous year, the business posted $1.54 EPS. The firm’s revenue was up 38.2% compared to the same quarter last year. research analysts predict that Amazon.com will post 8.49 EPS for the current fiscal year.

In other Amazon.com news, VP Shelley Reynolds sold 544 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $1,126.27, for a total value of $612,690.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chief Executive Officer of Worldwide Consumer Jeffrey A. Wilke sold 2,800 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $1,160.34, for a total transaction of $3,248,952.00. Following the completion of the transaction, the insider now owns 10,000 shares of the company’s stock, valued at approximately $11,603,400. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,368 shares of company stock valued at $10,726,970. Insiders own 17.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of AMZN. Whitnell & Co. lifted its stake in shares of Amazon.com by 581.3% in the 3rd quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock worth $105,000 after acquiring an additional 93 shares during the period. Vestor Capital LLC lifted its stake in shares of Amazon.com by 10.1% in the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after acquiring an additional 10 shares during the period. Taylor Hoffman Wealth Management acquired a new stake in shares of Amazon.com in the 4th quarter worth approximately $108,000. Portfolio Solutions LLC acquired a new stake in shares of Amazon.com in the 4th quarter worth approximately $119,000. Finally, Mountain Capital Investment Advisors Inc acquired a new stake in shares of Amazon.com in the 2nd quarter worth approximately $121,000. Hedge funds and other institutional investors own 59.06% of the company’s stock.

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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.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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