Amazon (AMZN) is Downgraded by Monness Crespi & Hardt to Neutral

Amazon (AMZN) is Downgraded by Monness Crespi & Hardt to Neutral , according to the research report released to the investors. Earlier the firm had a rating of Buy on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.

Amazon.com, Inc. is up 29.8% in the last 3-month period. Year-to-Date the stock performance stands at 117.78%.

Shares of Amazon.com, Inc. (NASDAQ:AMZN) rose by 1.98% in the past week and 0.48% for the last 4 weeks. In the past week, the shares have outperformed the S&P 500 by 2.83% and the outperformance increases to 2.83% for the last 4 weeks.

Shares of Amazon.com, Inc. (NASDAQ:AMZN) ended Thursday session in red amid volatile trading. The shares closed down 13.18 points or 1.91% at $675.89 with 3,749,560 shares getting traded. Post opening the session at $686.08, the shares hit an intraday low of $675.89 and an intraday high of $687.75 and the price vacillated in this range throughout the day. The company has a market cap of $316,832 million and the number of outstanding shares have been calculated to be 468,762,010 shares. The 52-week high of Amazon.com, Inc. (NASDAQ:AMZN) is $696.44 and the 52-week low is $285.25.

Currently the company Insiders own 18.2% of Amazon.com, Inc. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -16.67% . Institutional Investors own 67.3% of Amazon.com, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of -1.23%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Amazon Com Inc, Stonesifer Patricia Q had sold 6,250 shares worth of $4,240,500 in a transaction dated December 3, 2015. In this transaction, 6,250 shares were sold at $678.48 per share.

Amazon.com, Inc. (Amazon.com) serves consumers through its retail websites and focus on selection, price, and convenience. The Company offers programs that enables sellers to sell their products on its Websites and their own branded Websites and to fulfill orders through them , and programs that allow authors, musicians, filmmakers, application developers, and others to publish and sell content. The Company operates in two segments: North America and International. The Company serves consumers through its retail websites, and focus on selection, price, and convenience. The Company designs its Websites to enable millions of products to be sold by the Company and by third parties across dozens of product categories. Customers access its Websites directly and through its mobile Websites and apps. It also manufactures and sells Kindle devices. Effective February 5, 2014, Amazon.com Inc acquired Double Helix Games LLC. Effective May 6, 2014, the Company acquired Iconology Inc.