UBS Group Boosts Amazon.com (NASDAQ:AMZN) Price Target to $217.00

Amazon.com (NASDAQ:AMZN) had its price objective boosted by UBS Group from $215.00 to $217.00 in a research note released on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the e-commerce giant’s stock.

Several other research analysts also recently commented on the company. Wedbush restated an outperform rating and issued a $225.00 target price on shares of Amazon.com in a research note on Wednesday. Royal Bank of Canada raised their target price on Amazon.com from $180.00 to $215.00 and gave the stock an outperform rating in a research note on Friday, February 2nd. Rosenblatt Securities restated a buy rating and issued a $220.00 target price on shares of Amazon.com in a research note on Wednesday. Benchmark restated a buy rating and issued a $200.00 target price on shares of Amazon.com in a research note on Wednesday, April 24th. Finally, TD Cowen raised their target price on Amazon.com from $200.00 to $225.00 and gave the stock an outperform rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Buy and an average price target of $211.07.

Amazon.com Trading Up 0.8 %

Shares of Amazon.com stock opened at $186.21 on Wednesday. Amazon.com has a 1 year low of $103.31 and a 1 year high of $189.77. The firm has a market cap of $1.93 trillion, a PE ratio of 52.16, a P/E/G ratio of 1.55 and a beta of 1.15. The stock has a fifty day moving average price of $178.79 and a 200-day moving average price of $159.95. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. During the same quarter last year, the firm posted $0.31 EPS. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. Equities research analysts anticipate that Amazon.com will post 4.12 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at $20,239,226.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Douglas J. Herrington sold 20,200 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total value of $3,433,798.00. Following the completion of the transaction, the chief executive officer now owns 514,131 shares of the company’s stock, valued at approximately $87,397,128.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,217,010 shares of company stock worth $5,506,442,301. 10.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Amazon.com

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cooksen Wealth LLC acquired a new stake in Amazon.com during the 4th quarter worth $30,000. PayPay Securities Corp boosted its stake in Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its stake in Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 86 shares during the last quarter. Strid Group LLC acquired a new position in shares of Amazon.com during the 4th quarter valued at about $43,000. Finally, Clarity Asset Management Inc. acquired a new position in shares of Amazon.com during the 4th quarter valued at about $46,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

About Amazon.com

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.