Piper Jaffray Companies reaffirmed their overweight rating on shares of Amazon.com (NASDAQ:AMZN) in a report released on Friday, Marketbeat.com reports.

AMZN has been the topic of several other reports. Stifel Nicolaus reiterated a buy rating and issued a $2,525.00 price target on shares of Amazon.com in a research note on Friday, October 12th. BidaskClub lowered shares of Amazon.com from a buy rating to a hold rating in a research note on Friday, October 5th. Jefferies Financial Group reiterated a buy rating and issued a $2,185.00 price target on shares of Amazon.com in a research note on Friday, August 17th. ValuEngine upgraded shares of Amazon.com from a hold rating to a buy rating in a research note on Thursday, September 13th. Finally, Oppenheimer reiterated a buy rating on shares of Amazon.com in a research note on Friday, August 17th. Four analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $2,008.73.

AMZN stock traded down $6.69 during midday trading on Friday, hitting $1,764.03. The company’s stock had a trading volume of 5,851,190 shares, compared to its average volume of 6,326,956. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.70. Amazon.com has a twelve month low of $962.50 and a twelve month high of $2,050.50. The firm has a market capitalization of $863.65 billion, a P/E ratio of 387.70, a PEG ratio of 3.69 and a beta of 1.58.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $2.58. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. The firm had revenue of $52.89 billion for the quarter, compared to analyst estimates of $53.37 billion. During the same period in the previous year, the business earned $0.40 EPS. The company’s revenue was up 39.3% compared to the same quarter last year. As a group, equities research analysts forecast that Amazon.com will post 17.79 EPS for the current fiscal year.

In related news, Director Thomas O. Ryder sold 5,000 shares of Amazon.com stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $1,783.81, for a total transaction of $8,919,050.00. Following the completion of the sale, the director now owns 10,752 shares of the company’s stock, valued at approximately $19,179,525.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tom A. Alberg sold 2,320 shares of Amazon.com stock in a transaction dated Monday, August 6th. The stock was 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 have sold a total of 25,308 shares of company stock valued at $47,905,498 in the last ninety days. 16.30% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in the stock. Marcus Capital LLC raised its position in shares of Amazon.com by 2.4% in the 2nd quarter. Marcus Capital LLC now owns 1,171 shares of the e-commerce giant’s stock valued at $1,990,000 after buying an additional 27 shares in the last quarter. Winthrop Advisory Group LLC raised its position in shares of Amazon.com by 3.8% in the 2nd quarter. Winthrop Advisory Group LLC now owns 744 shares of the e-commerce giant’s stock valued at $1,265,000 after buying an additional 27 shares in the last quarter. AMI Investment Management Inc. raised its position in shares of Amazon.com by 17.6% in the 2nd quarter. AMI Investment Management Inc. now owns 180 shares of the e-commerce giant’s stock valued at $306,000 after buying an additional 27 shares in the last quarter. BKD Wealth Advisors LLC raised its position in shares of Amazon.com by 3.1% in the 2nd quarter. BKD Wealth Advisors LLC now owns 943 shares of the e-commerce giant’s stock valued at $1,603,000 after buying an additional 28 shares in the last quarter. Finally, Beaton Management Co. Inc. raised its position in shares of Amazon.com by 2.8% in the 2nd quarter. Beaton Management Co. Inc. now owns 1,024 shares of the e-commerce giant’s stock valued at $1,740,000 after buying an additional 28 shares in the last quarter. 57.31% of the stock is 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 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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