Amazon.com (NASDAQ:AMZN) Price Target Increased to $234.00 by Analysts at Wells Fargo & Company

Amazon.com (NASDAQ:AMZN) had its price objective boosted by Wells Fargo & Company from $217.00 to $234.00 in a research report report published on Wednesday, Benzinga reports. They currently have an overweight rating on the e-commerce giant’s stock.

Several other brokerages have also recently weighed in on AMZN. Robert W. Baird lifted their price target on shares of Amazon.com from $205.00 to $210.00 and gave the stock an outperform rating in a research note on Wednesday. Oppenheimer lifted their price target on shares of Amazon.com from $210.00 to $220.00 and gave the stock an outperform rating in a research note on Wednesday. BMO Capital Markets lifted their price target on shares of Amazon.com from $215.00 to $220.00 and gave the stock an outperform rating in a research note on Wednesday. Evercore ISI lifted their price target on shares of Amazon.com from $220.00 to $225.00 and gave the stock an outperform rating in a research note on Wednesday. Finally, Wedbush reiterated an outperform rating and set a $225.00 price target on shares of Amazon.com in a research note on Wednesday. One investment analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Buy and a consensus price target of $210.18.

Amazon.com Trading Up 2.3 %

NASDAQ:AMZN opened at $179.00 on Wednesday. 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 has a 12 month low of $101.15 and a 12 month high of $189.77. The company has a market cap of $1.86 trillion, a PE ratio of 61.72, a price-to-earnings-growth ratio of 1.57 and a beta of 1.16. The company has a 50 day simple moving average of $178.59 and a two-hundred day simple moving average of $159.78.

Amazon.com (NASDAQ:AMZN) last posted its 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. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter in the previous year, the firm posted $0.31 EPS. The firm’s revenue was up 12.5% on a year-over-year basis. Research analysts forecast that Amazon.com will post 4.11 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the transaction, the insider now directly owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Jeffrey P. Bezos sold 2,009,208 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the transaction, the insider now directly owns 938,251,817 shares in the company, valued at approximately $156,491,020,557.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the transaction, the insider now owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,213,510 shares of company stock worth $5,505,811,286. Insiders own 10.30% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Several large investors have recently added to or reduced their stakes in AMZN. Cooksen Wealth LLC purchased a new stake in Amazon.com in the 4th quarter valued at about $30,000. PayPay Securities Corp boosted its position in Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its position in Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 86 shares during the period. Strid Group LLC purchased a new stake in Amazon.com in the 4th quarter valued at about $43,000. Finally, Harbor Investment Advisory LLC lifted its position in shares of Amazon.com by 0.7% in 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 during the period. 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.