Amazon.com Inc (AMZN)

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Amazon.com Inc. (AMZN) Downgraded by Vetr Inc.
Posted by Amy Steele on Jul 7th, 2016 // No Comments
Amazon.com logoAmazon.com Inc. (NASDAQ:AMZN) was downgraded by investment analysts at Vetr from a “buy” rating to a “hold” rating in a report issued on Wednesday. They presently have a $756.16 price objective on the e-commerce giant’s stock. Vetr‘s target price would indicate a potential upside of 2.51% from the stock’s previous close.
In other Amazon.com news, Director Patricia Q. Stonesifer sold 6,250 shares of Amazon.com stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $726.27, for a total value of $4,539,187.50. Following the completion of the transaction, the director now directly owns 13,867 shares in the company, valued at $10,071,186.09. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas O. Ryder sold 4,000 shares of Amazon.com stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $707.66, for a total value of $2,830,640.00. Following the completion of the transaction, the director now owns 20,453 shares of the company’s stock, valued at $14,473,769.98. The disclosure for this sale can be found here.

http://www.thecerbatgem.com/2016/07/07/amazon-com-inc-amzn-downgraded-by-vetr-inc/