Amazon.com (NASDAQ:AMZN) Price Target Raised to $212.00

Amazon.com (NASDAQ:AMZN) had its price target raised by Wells Fargo & Company from $197.00 to $212.00 in a report issued on Tuesday,Benzinga reports. They currently have an equal weight rating on the e-commerce giant’s stock.

AMZN has been the subject of a number of other research reports. UBS Group increased their target price on Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Susquehanna increased their target price on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Stifel Nicolaus increased their target price on Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. BMO Capital Markets reiterated an “outperform” rating and set a $236.00 target price on shares of Amazon.com in a report on Tuesday, December 3rd. Finally, Robert W. Baird increased their price objective on shares of Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $245.65.

Amazon.com Price Performance

Shares of AMZN stock opened at $220.66 on Tuesday. Amazon.com has a 12-month low of $149.91 and a 12-month high of $233.00. The firm has a market capitalization of $2.32 trillion, a price-to-earnings ratio of 47.25, a price-to-earnings-growth ratio of 1.22 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm has a fifty day moving average of $217.35 and a 200-day moving average of $195.93.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 EPS. On average, equities research analysts forecast that Amazon.com will post 5.38 earnings per share for the current year.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $206.75, for a total value of $619,497,843.50. Following the completion of the transaction, the insider now owns 914,420,614 shares of the company’s stock, valued at $189,056,461,944.50. The trade was a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. PayPay Securities Corp raised its stake in Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares in the last quarter. Hoese & Co LLP bought a new position in Amazon.com in the third quarter valued at about $37,000. Bull Oak Capital LLC bought a new position in Amazon.com in the third quarter valued at about $45,000. Christopher J. Hasenberg Inc grew its position in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 260 shares during the last quarter. Finally, Values First Advisors Inc. bought a new position in Amazon.com in the third quarter valued at about $56,000. 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.