Amazon.com (NASDAQ:AMZN) Price Target Raised to $215.00 at UBS Group

Amazon.com (NASDAQ:AMZN) had its price target hoisted by research analysts at UBS Group from $198.00 to $215.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a "buy" rating on the e-commerce giant's stock. UBS Group's price objective indicates a potential upside of 23.80% from the stock's current price.

Several other brokerages have also recently issued reports on AMZN. Canaccord Genuity Group upped their target price on shares of Amazon.com from $185.00 to $200.00 and gave the company a "buy" rating in a report on Friday, February 2nd. Robert W. Baird upped their price objective on shares of Amazon.com from $185.00 to $205.00 and gave the company an "outperform" rating in a research note on Friday, February 2nd. JMP Securities reiterated a "market outperform" rating and set a $225.00 target price on shares of Amazon.com in a research report on Wednesday. Maxim Group initiated coverage on Amazon.com in a report on Wednesday, April 17th. They issued a "buy" rating and a $218.00 target price for the company. Finally, Royal Bank of Canada raised their price target on Amazon.com from $180.00 to $215.00 and gave the stock an "outperform" rating in a research note on Friday, February 2nd. 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's stock. According to MarketBeat.com, Amazon.com currently has an average rating of "Buy" and an average price target of $205.13.

Amazon.com Stock Down 1.7 %

Shares of AMZN traded down $2.92 during midday trading on Thursday, reaching $173.67. The stock had a trading volume of 47,579,977 shares, compared to its average volume of 42,801,223. The company has a market cap of $1.80 trillion, a price-to-earnings ratio of 59.89, a PEG ratio of 1.56 and a beta of 1.16. The company's fifty day simple moving average is $177.79 and its two-hundred day simple moving average is $158.23. Amazon.com has a 1-year low of $101.15 and a 1-year high of $189.77. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. The firm had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 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 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.21 earnings per share. Equities research analysts expect that Amazon.com will post 4.1 earnings per share for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm's stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the transaction, the chief executive officer now directly owns 130,600 shares in the company, valued at approximately $23,688,228. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Andrew R. Jassy sold 50,000 shares of the company's stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $168.65, for a total value of $8,432,500.00. Following the sale, the chief executive officer now owns 2,014,055 shares of the company's stock, valued at approximately $339,670,375.75. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Adam Selipsky sold 500 shares of the firm's stock in a transaction 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 transaction, the chief executive officer now directly owns 130,600 shares of the company's stock, valued at approximately $23,688,228. The disclosure for this sale can be found here. Insiders sold 32,214,010 shares of company stock valued at $5,505,889,146 in the last 90 days. 10.30% of the stock is currently owned by insiders.

Institutional Trading of Amazon.com

Large investors have recently made changes to their positions in the stock. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com during the 4th quarter worth about $30,000. PayPay Securities Corp boosted its position in Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant's stock worth $34,000 after acquiring an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew its stake 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 worth $42,000 after acquiring an additional 86 shares during the period. Strid Group LLC acquired a new position in Amazon.com in the 4th quarter valued at $43,000. Finally, Harbor Investment Advisory LLC raised its holdings in 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 valued at $46,000 after acquiring an additional 1,988 shares during the last quarter. 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.