Macquarie reiterated their buy rating on shares of Amazon.com, Inc. (NASDAQ:AMZN) in a research report released on Friday, MarketBeat reports. They currently have a $725.00 target price on the e-commerce giant’s stock, down from their prior target price of $760.00.

A number of other analysts also recently issued reports on AMZN. Cantor Fitzgerald reaffirmed a buy rating and issued a $750.00 target price on shares of Amazon.com in a research note on Sunday, January 24th. Vetr downgraded Amazon.com from a hold rating to a sell rating and set a $605.65 target price for the company. in a research note on Thursday, October 29th. KeyBanc began coverage on Amazon.com in a research note on Tuesday, December 8th. They issued an overweight rating and a $669.83 target price for the company. Oppenheimer cut their target price on Amazon.com from $745.00 to $700.00 and set an outperform rating for the company in a research note on Friday. Finally, MKM Partners assumed coverage on Amazon.com in a research note on Tuesday, December 15th. They issued a buy rating and a $800.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $714.98.

Amazon.com (NASDAQ:AMZN) traded down 2.08% during mid-day trading on Friday, hitting $574.81. The company had a trading volume of 6,355,123 shares. Amazon.com has a 52-week low of $358.23 and a 52-week high of $696.44. The company has a 50-day moving average price of $627.59 and a 200 day moving average price of $582.39. The company has a market capitalization of $270.74 billion and a P/E ratio of 459.85.

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

In other Amazon.com news, SVP Diego Piacentini sold 17,016 shares of the company’s stock in a transaction that occurred on Monday, November 16th. The stock was sold at an average price of $630.89, for a total transaction of $10,735,224.24. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Patricia Q. Stonesifer sold 6,250 shares of the company’s stock in a transaction that occurred on Thursday, December 3rd. The shares were sold at an average price of $678.86, for a total value of $4,242,875.00. Following the sale, the director now owns 25,423 shares in the company, valued at approximately $17,258,657.78. The disclosure for this sale can be found here.

A number of hedge funds have recently made changes to their positions in the stock. Baystate Wealth Management purchased a new stake in shares of Amazon.com during the fourth quarter valued at about $215,000. Park National purchased a new stake in shares of Amazon.com during the fourth quarter valued at about $219,000. CT Financial Advisors boosted its stake in shares of Amazon.com by 133.3% in the fourth quarter. CT Financial Advisors now owns 350 shares of the e-commerce giant’s stock valued at $236,562 after buying an additional 200 shares during the last quarter. Detwiler Fenton Investment Management purchased a new stake in shares of Amazon.com during the fourth quarter valued at about $241,000. Finally, Beacon Financial Group purchased a new stake in shares of Amazon.com during the fourth quarter valued at about $247,000.

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.

12 Month Chart for NASDAQ:AMZN

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