Amazon.com (NASDAQ:AMZN) Price Target Raised to $215.00

Amazon.com (NASDAQ:AMZN) had its price target lifted by UBS Group from $198.00 to $215.00 in a report published on Thursday, Benzinga reports. UBS Group currently has a buy rating on the e-commerce giant’s stock.

AMZN has been the topic of a number of other reports. JMP Securities restated a market outperform rating and set a $225.00 target price on shares of Amazon.com in a research report on Wednesday, April 24th. Barclays lifted their price objective on Amazon.com from $190.00 to $220.00 and gave the stock an overweight rating in a report on Friday, February 2nd. Truist Financial raised their target price on shares of Amazon.com from $195.00 to $216.00 and gave the stock a buy rating in a research note on Wednesday, April 17th. Evercore ISI raised their target price on shares of Amazon.com from $195.00 to $220.00 and gave the stock an outperform rating in a research note on Friday, February 2nd. Finally, Wolfe Research raised their target price on shares of Amazon.com from $195.00 to $205.00 and gave the stock an outperform rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com has an average rating of Buy and an average price target of $205.13.

Amazon.com Price Performance

NASDAQ:AMZN opened at $179.62 on Thursday. Amazon.com has a 52 week low of $101.15 and a 52 week high of $189.77. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $1.87 trillion, a PE ratio of 61.94, a price-to-earnings-growth ratio of 1.55 and a beta of 1.16. The stock’s 50-day moving average price is $177.99 and its 200-day moving average price is $158.98.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. During the same period last year, the firm earned $0.21 EPS. The company’s quarterly revenue was up 13.9% on a year-over-year basis. As a group, equities analysts expect that Amazon.com will post 4.11 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction 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 completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $20,239,226.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the sale, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The disclosure for this sale can be found here. Insiders sold 32,214,010 shares of company stock worth $5,505,889,146 over the last 90 days. Corporate insiders own 10.30% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

A number of institutional investors and hedge funds have recently made changes to their positions in AMZN. Ridgecrest Wealth Partners LLC raised its holdings in Amazon.com by 0.7% during the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock worth $1,399,000 after purchasing an additional 56 shares in the last quarter. Stordahl Capital Management Inc. raised its holdings in Amazon.com by 2.1% during the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock worth $498,000 after purchasing an additional 56 shares in the last quarter. Echo45 Advisors LLC raised its holdings in Amazon.com by 0.9% during the first quarter. Echo45 Advisors LLC now owns 6,619 shares of the e-commerce giant’s stock worth $1,194,000 after purchasing an additional 59 shares in the last quarter. Boyd Wealth Management LLC raised its holdings in Amazon.com by 1.7% during the first quarter. Boyd Wealth Management LLC now owns 3,655 shares of the e-commerce giant’s stock worth $659,000 after purchasing an additional 60 shares in the last quarter. Finally, ShoreHaven Wealth Partners LLC raised its holdings in Amazon.com by 1.9% during the fourth quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock worth $491,000 after purchasing an additional 60 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Company Profile

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.