Amazon.com (NASDAQ:AMZN) PT Raised to $224.00 at UBS Group

Amazon.com (NASDAQ:AMZN) had its price objective upped by equities research analysts at UBS Group from $217.00 to $224.00 in a note issued to investors on Tuesday, Briefing.com reports. The firm currently has a “buy” rating on the e-commerce giant’s stock. UBS Group’s target price would suggest a potential upside of 21.72% from the company’s previous close.

Several other equities research analysts also recently issued reports on AMZN. Barclays dropped their target price on Amazon.com from $230.00 to $220.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Argus raised their price objective on shares of Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Truist Financial raised their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Morgan Stanley upped their price target on shares of Amazon.com from $220.00 to $240.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Finally, Oppenheimer lifted their price objective on Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Buy” and a consensus target price of $220.20.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded up $0.83 during trading on Tuesday, reaching $184.03. 9,100,427 shares of the stock traded hands, compared to its average volume of 42,207,203. The company has a 50-day moving average of $187.27 and a 200-day moving average of $179.17. Amazon.com has a 52-week low of $118.35 and a 52-week high of $201.20. The stock has a market capitalization of $1.92 trillion, a P/E ratio of 51.55, a price-to-earnings-growth ratio of 1.30 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last posted its earnings results 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. The firm had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the company earned $0.31 earnings per share. Analysts forecast that Amazon.com will post 4.73 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 3,085,116 shares of Amazon.com stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $200.07, for a total value of $617,239,158.12. Following the completion of the sale, the insider now directly owns 931,925,277 shares in the company, valued at $186,450,290,169.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the sale, the chief executive officer now directly owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 3,085,116 shares of the business’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the sale, the insider now directly owns 931,925,277 shares of the company’s stock, valued at approximately $186,450,290,169.39. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,112,990 shares of company stock worth $1,222,250,048. 10.80% of the stock is owned by corporate insiders.

Institutional Trading of Amazon.com

Several hedge funds have recently bought and sold shares of the stock. Cooksen Wealth LLC purchased a new stake in Amazon.com in the 4th quarter worth approximately $30,000. Strid Group LLC purchased a new stake in shares of Amazon.com in the fourth quarter worth $43,000. Harbor Investment Advisory LLC raised its position in shares of Amazon.com by 0.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 1,988 shares during the period. Clarity Asset Management Inc. purchased a new position in shares of Amazon.com during the 4th quarter valued at $46,000. Finally, Christopher J. Hasenberg Inc boosted its holdings in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares during the period. Institutional investors own 72.20% of the company’s stock.

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.