Needham & Company LLC reiterated their hold rating on shares of Amazon.com, Inc. (NASDAQ:AMZN) in a report released on Tuesday.
A number of other brokerages also recently commented on AMZN. Mizuho restated a buy rating and issued a $920.00 target price on shares of Amazon.com in a research note on Tuesday. Wedbush set a $900.00 target price on Amazon.com and gave the company a buy rating in a research note on Sunday, October 30th. Morningstar, Inc. restated a buy rating on shares of Amazon.com in a research note on Thursday, December 1st. Cantor Fitzgerald restated an overweight rating and issued a $1,000.00 target price on shares of Amazon.com in a research note on Monday. Finally, Goldman Sachs Group, Inc. (The) restated a buy rating on shares of Amazon.com in a research note on Thursday, January 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $934.68.
Shares of Amazon.com (NASDAQ:AMZN) traded up 0.385% during midday trading on Tuesday, reaching $826.648. The company’s stock had a trading volume of 1,384,012 shares. The stock’s 50-day moving average is $791.07 and its 200 day moving average is $781.88. The stock has a market capitalization of $392.80 billion, a P/E ratio of 189.381 and a beta of 1.42. Amazon.com has a 12 month low of $474.00 and a 12 month high of $847.21.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 4,890 shares of the business’s stock in a transaction on Friday, December 9th. The shares were sold at an average price of $767.15, for a total transaction of $3,751,363.50. Following the sale, the chief executive officer now owns 58,139 shares of the company’s stock, valued at $44,601,333.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 17.70% of the company’s stock.
Several hedge funds have recently bought and sold shares of AMZN. Essex Financial Services Inc. boosted its stake in Amazon.com by 62.6% in the fourth quarter. Essex Financial Services Inc. now owns 2,354 shares of the e-commerce giant’s stock worth $1,765,000 after buying an additional 906 shares during the last quarter. Paradigm Asset Management Co. LLC bought a new stake in Amazon.com during the fourth quarter worth $3,899,000. First Interstate Bank boosted its stake in Amazon.com by 34.6% in the fourth quarter. First Interstate Bank now owns 3,705 shares of the e-commerce giant’s stock worth $2,778,000 after buying an additional 952 shares during the last quarter. Harbor Advisors LLC bought a new stake in Amazon.com during the fourth quarter worth $4,124,000. Finally, Benson Investment Management Company Inc. bought a new stake in Amazon.com during the fourth quarter worth $678,000. 65.44% 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’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).