Amazon.com (NASDAQ:AMZN) Price Target Lowered to $118.00 at UBS Group

Amazon.com (NASDAQ:AMZN) had its price objective lowered by equities research analysts at UBS Group from $121.00 to $118.00 in a research note issued on Wednesday, The Fly reports. UBS Group’s target price would indicate a potential upside of 22.51% from the stock’s previous close.

AMZN has been the subject of a number of other research reports. Jefferies Financial Group reduced their price objective on Amazon.com from $165.00 to $135.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Erste Group Bank lowered Amazon.com from a “buy” rating to a “hold” rating in a research note on Friday, November 18th. Tigress Financial reduced their price objective on Amazon.com from $232.00 to $192.00 and set a “buy” rating for the company in a research note on Wednesday, November 2nd. Mizuho dropped their target price on Amazon.com from $155.00 to $135.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Finally, Rosenblatt Securities dropped their target price on Amazon.com from $118.00 to $103.00 and set a “neutral” rating on the stock in a research report on Monday, November 14th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $145.41.

Amazon.com Stock Performance

Shares of AMZN stock opened at $96.32 on Wednesday. The firm has a market capitalization of $982.62 billion, a price-to-earnings ratio of 88.41, a price-to-earnings-growth ratio of 3.06 and a beta of 1.22. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68. The business has a fifty day moving average of $90.65 and a 200 day moving average of $109.96. Amazon.com has a 1 year low of $81.43 and a 1 year high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The company had revenue of $127.10 billion for the quarter, compared to analysts’ expectations of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.31 EPS. As a group, research analysts expect that Amazon.com will post 0.68 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 15,787 shares of the company’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the sale, the chief executive officer now owns 522,251 shares of the company’s stock, valued at $53,844,078.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Brian T. Olsavsky sold 15,240 shares of the business’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $1,432,560.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares in the company, valued at $4,606,000. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 15,787 shares of the business’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the transaction, the chief executive officer now owns 522,251 shares of the company’s stock, valued at approximately $53,844,078.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,428 shares of company stock valued at $5,077,578. 12.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Amazon.com

Institutional investors and hedge funds have recently modified their holdings of the company. Savior LLC boosted its stake in Amazon.com by 1,085.0% in the second quarter. Savior LLC now owns 237 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 217 shares in the last quarter. Rocky Mountain Advisers LLC boosted its stake in Amazon.com by 1,311.8% in the second quarter. Rocky Mountain Advisers LLC now owns 240 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 223 shares in the last quarter. Iron Horse Wealth Management LLC boosted its stake in Amazon.com by 4,540.0% in the second quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 227 shares in the last quarter. McElhenny Sheffield Capital Management LLC acquired a new position in Amazon.com in the fourth quarter valued at $27,000. Finally, Wells Financial Advisors INC boosted its stake in Amazon.com by 1,900.0% in the second quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock valued at $30,000 after acquiring an additional 266 shares in the last quarter. Institutional investors and hedge funds own 57.64% of the company’s stock.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as www.amazon.com and www.amazon.ca.