Amazon.com, Inc. (NASDAQ:AMZN) had its target price reduced by Barclays from $850.00 to $800.00 in a research note released on Friday morning, AnalystRatingsNetwork.com reports. They currently have an overweight rating on the e-commerce giant’s stock.

In other news, SVP Diego Piacentini sold 17,016 shares of the company’s stock in a transaction that occurred on Monday, November 16th. The shares were sold at an average price of $630.89, for a total value of $10,735,224.24. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Thomas O. Ryder sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 16th. The stock was sold at an average price of $636.84, for a total transaction of $2,547,360.00. Following the completion of the transaction, the director now owns 24,653 shares in the company, valued at $15,700,016.52. The disclosure for this sale can be found here.

Other institutional investors recently modified their holdings of the company. Appleton Partners Inc. MA raised its position in shares of Amazon.com by 1.0% in the fourth quarter. Appleton Partners Inc. MA now owns 583 shares of the e-commerce giant’s stock valued at $394,000 after buying an additional 6 shares in the last quarter. S. R. Schill & Associates raised its position in shares of Amazon.com by 0.9% in the fourth quarter. S. R. Schill & Associates now owns 1,060 shares of the e-commerce giant’s stock valued at $717,000 after buying an additional 9 shares in the last quarter. Pure Financial Advisors raised its position in shares of Amazon.com by 1.5% in the fourth quarter. Pure Financial Advisors now owns 1,238 shares of the e-commerce giant’s stock valued at $837,000 after buying an additional 18 shares in the last quarter. Congress Asset Management Co. MA raised its position in shares of Amazon.com by 0.9% in the fourth quarter. Congress Asset Management Co. MA now owns 2,095 shares of the e-commerce giant’s stock valued at $1,416,000 after buying an additional 19 shares in the last quarter. Finally, Somerset Group LLC raised its position in shares of Amazon.com by 0.8% in the fourth quarter. Somerset Group LLC now owns 2,666 shares of the e-commerce giant’s stock valued at $1,802,000 after buying an additional 20 shares in the last quarter.

Other equities analysts have also recently issued reports about the company. Morgan Stanley reissued a buy rating and set a $750.00 price target on shares of Amazon.com in a report on Friday, October 23rd. Sanford C. Bernstein restated a buy rating and issued a $800.00 price objective on shares of Amazon.com in a research note on Friday, October 30th. Vetr lowered Amazon.com from a hold rating to a sell rating and set a $649.13 price objective for the company. in a research note on Wednesday, November 11th. Cantor Fitzgerald restated a buy rating and issued a $750.00 price objective on shares of Amazon.com in a research note on Sunday, January 24th. Finally, Nomura reduced their price objective on Amazon.com from $850.00 to $750.00 and set a buy rating for the company in a research note on Friday. Nine analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and two have given a strong buy rating to the company’s stock. Amazon.com presently has a consensus rating of Buy and a consensus target price of $714.98.

Shares of Amazon.com (NASDAQ:AMZN) traded down 2.08% during midday trading on Friday, reaching $574.81. The company’s stock had a trading volume of 6,355,123 shares. The company’s 50-day moving average price is $627.59 and its 200-day moving average price is $582.39. The company has a market cap of $270.74 billion and a PE ratio of 459.85. Amazon.com has a 12 month low of $358.23 and a 12 month high of $696.44.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, January 28th. The e-commerce giant reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.56 by $0.56. During the same quarter last year, the firm earned $0.45 earnings per share. The firm earned $35.75 billion during the quarter, compared to analysts’ expectations of $35.99 billion. Amazon.com’s revenue for the quarter was up 21.9% on a year-over-year basis. On average, equities analysts anticipate that Amazon.com will post $4.95 EPS for the current fiscal year.

Amazon.com, Inc. (NASDAQ:AMZN) is an e-commerce company. The Company sells a range of products and services through its Websites. The Company’s products are offered through consumer-facing Websites, which include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It designs its Websites to enable products to be sold by the Company and by third parties across various product categories. It also manufactures and sells electronic devices, including Kindle e-readers, Fire tablets, Fire TVs, Echo and Fire phones. Amazon.com operates in two segments: North America and International. The North America segment focuses on retail sales earned through North America-focused Websites. The International segment focuses on the Company’s operations done through its international Websites. It serves developers and enterprises through Amazon Web Services (AWS). It serves authors and independent publishers with Kindle Direct Publishing.

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