Amazon.com (NASDAQ:AMZN) Given New $217.00 Price Target at UBS Group

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

A number of other equities research analysts have also commented on the company. Oppenheimer increased their price target on Amazon.com from $210.00 to $220.00 and gave the stock an outperform rating in a research report on Wednesday. Robert W. Baird increased their price target on Amazon.com from $205.00 to $210.00 and gave the stock an outperform rating in a research report on Wednesday. DA Davidson restated a buy rating and set a $235.00 price target on shares of Amazon.com in a research report on Thursday, April 18th. JMP Securities restated a market outperform rating and set a $225.00 price target on shares of Amazon.com in a research report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. upped their price objective on Amazon.com from $190.00 to $225.00 and gave the stock an overweight rating in a report 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of Buy and an average price target of $210.18.

Amazon.com Trading Up 2.3 %

AMZN stock opened at $179.00 on Wednesday. Amazon.com has a 1-year low of $101.15 and a 1-year high of $189.77. The firm has a market cap of $1.86 trillion, a P/E ratio of 61.72, a P/E/G ratio of 1.57 and a beta of 1.16. The business’s 50 day moving average is $178.59 and its 200-day moving average is $159.78. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. Amazon.com’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.31 EPS. Equities analysts anticipate that Amazon.com will post 4.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the sale, the chief executive officer now owns 130,600 shares in the company, valued at approximately $23,688,228. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Amazon.com news, insider Jeffrey P. Bezos sold 2,009,208 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total value of $335,115,802.32. Following the sale, the insider now owns 938,251,817 shares in the company, valued at approximately $156,491,020,557.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the sale, the chief executive officer now owns 130,600 shares in the company, valued at approximately $23,688,228. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,213,510 shares of company stock worth $5,505,811,286. 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. Cooksen Wealth LLC bought a new stake in shares of Amazon.com during the 4th quarter worth approximately $30,000. PayPay Securities Corp raised its stake in shares of 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 in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of 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 in the last quarter. Strid Group LLC bought a new stake in shares of Amazon.com during the 4th quarter worth approximately $43,000. Finally, Harbor Investment Advisory LLC raised its stake 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 worth $46,000 after purchasing an additional 1,988 shares in the last quarter. 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.