Amazon.com (NASDAQ:AMZN) Research Coverage Started at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage on shares of Amazon.com (NASDAQ:AMZN) in a research report released on Thursday morning, MarketBeat.com reports. The firm issued an overweight rating and a $230.00 target price on the e-commerce giant's stock.

AMZN has been the subject of several other reports. Stifel Nicolaus dropped their price objective on Amazon.com from $228.00 to $224.00 and set a buy rating for the company in a report on Friday, August 2nd. Sanford C. Bernstein increased their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the company an outperform rating in a report on Monday, July 22nd. TD Securities lifted their target price on shares of Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. Itau BBA Securities downgraded Amazon.com from an outperform rating to a market perform rating and set a $186.00 price target on the stock. in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. decreased their price objective on Amazon.com from $240.00 to $230.00 and set an overweight rating for the company in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com has an average rating of Buy and a consensus price target of $222.49.

Amazon.com Price Performance

Shares of AMZN stock traded up $4.56 during trading hours on Thursday, reaching $177.89. 40,100,429 shares of the company were exchanged, compared to its average volume of 42,520,766. Amazon.com has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The stock's fifty day moving average is $181.54 and its two-hundred day moving average is $181.18. The company has a market cap of $1.85 trillion, a price-to-earnings ratio of 49.83, a P/E/G ratio of 1.34 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. Sell-side analysts forecast that Amazon.com will post 4.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, insider Jeffrey P. Bezos sold 1,228,993 shares of the company's stock in a transaction on Monday, July 8th. The stock was sold at an average price of $200.36, for a total value of $246,241,037.48. Following the transaction, the insider now directly owns 930,696,284 shares of the company's stock, valued at approximately $186,474,307,462.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,104,317 shares of company stock worth $1,220,621,322. Company insiders own 10.80% of the company's stock.

Institutional Investors Weigh In On Amazon.com

Several institutional investors have recently made changes to their positions in AMZN. Vanguard Group Inc. boosted its position in shares of Amazon.com by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant's stock worth $141,744,609,000 after acquiring an additional 14,724,687 shares in the last quarter. Norges Bank acquired a new stake in shares of Amazon.com during the 4th quarter valued at $17,700,551,000. Capital Research Global Investors grew its position in Amazon.com by 8.5% during the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant's stock worth $15,689,968,000 after acquiring an additional 6,810,145 shares during the last quarter. Legal & General Group Plc increased its holdings in Amazon.com by 1.5% in the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant's stock worth $13,466,933,000 after purchasing an additional 1,042,177 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Amazon.com by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant's stock valued at $13,091,909,000 after purchasing an additional 289,532 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.