Amazon.com, Inc. (NASDAQ:AMZN) has received a consensus rating of "Moderate Buy" from the forty-eight research firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, forty-five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $245.81.

Several equities research analysts have commented on AMZN shares. DA Davidson decreased their price objective on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Jefferies Financial Group decreased their price target on Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Evercore ISI dropped their price target on Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. The Goldman Sachs Group cut their price objective on Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Finally, Barclays decreased their target price on Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd.

Check Out Our Latest Stock Report on AMZN

In other news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the completion of the sale, the chief executive officer directly owned 2,148,694 shares of the company's stock, valued at approximately $432,532,102.20. The trade was a 0.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total value of $3,577,867.50. Following the sale, the chief financial officer owned 49,000 shares in the company, valued at $9,876,930. The trade was a 26.59% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,424,463 shares of company stock worth $756,747,557. Company insiders own 10.80% of the company's stock.

Several hedge funds and other institutional investors have recently bought and sold shares of AMZN. Legacy Wealth Management LLC MS boosted its stake in shares of Amazon.com by 24.6% in the 2nd quarter. Legacy Wealth Management LLC MS now owns 30,642 shares of the e-commerce giant's stock valued at $6,723,000 after purchasing an additional 6,048 shares in the last quarter. Park National Corp OH lifted its stake in Amazon.com by 9.7% in the second quarter. Park National Corp OH now owns 197,520 shares of the e-commerce giant's stock worth $43,334,000 after purchasing an additional 17,507 shares during the last quarter. First National Bank Sioux Falls boosted its position in Amazon.com by 25.5% during the second quarter. First National Bank Sioux Falls now owns 25,606 shares of the e-commerce giant's stock valued at $5,618,000 after buying an additional 5,201 shares during the period. Kera Capital Partners Inc. grew its stake in shares of Amazon.com by 23.0% during the second quarter. Kera Capital Partners Inc. now owns 38,973 shares of the e-commerce giant's stock valued at $8,550,000 after buying an additional 7,275 shares during the last quarter. Finally, Private Client Services LLC increased its holdings in shares of Amazon.com by 35.9% in the second quarter. Private Client Services LLC now owns 12,674 shares of the e-commerce giant's stock worth $2,781,000 after buying an additional 3,349 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Shares of Amazon.com stock opened at $220.46 on Wednesday. Amazon.com has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The business has a 50 day moving average price of $204.25 and a 200-day moving average price of $208.75. The company has a market cap of $2.34 trillion, a PE ratio of 35.91, a price-to-earnings-growth ratio of 1.65 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same period in the prior year, the firm posted $0.98 EPS. Amazon.com's quarterly revenue was up 8.6% compared to the same quarter last year. Equities analysts anticipate that Amazon.com will post 6.31 earnings per share for the current fiscal year.

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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.

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