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

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

Several other equities research analysts have also recently weighed in on the company. Stifel Nicolaus upped their target price on Amazon.com from $224.00 to $228.00 and gave the stock a buy rating in a research note on Wednesday. Roth Mkm restated a buy rating and set a $210.00 target price (up from $205.00) on shares of Amazon.com in a research note on Wednesday. Oppenheimer upped their target price on Amazon.com from $210.00 to $220.00 and gave the stock an outperform rating in a research note on Wednesday. Telsey Advisory Group upped their price target on shares of Amazon.com from $200.00 to $215.00 and gave the stock an outperform rating in a report on Wednesday. Finally, Morgan Stanley upped their price target on shares of Amazon.com from $215.00 to $220.00 and gave the stock an overweight rating in a report on Wednesday. One equities research 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 stock. According to MarketBeat, the company currently has an average rating of Buy and a consensus price target of $210.18.

Amazon.com Price Performance

Shares of AMZN stock traded up $4.00 during trading on Wednesday, hitting $179.00. The company had a trading volume of 93,355,877 shares, compared to its average volume of 44,190,461. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The firm has a market capitalization of $1.86 trillion, a P/E ratio of 61.72, a price-to-earnings-growth ratio of 1.57 and a beta of 1.16. The stock's 50-day moving average price is $178.59 and its 200 day moving average price is $159.78. Amazon.com has a one year low of $101.15 and a one year high of $189.77.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. The business had revenue of $143.31 billion during the quarter, compared to analysts' expectations of $142.65 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm's revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 earnings per share. Equities analysts expect that Amazon.com will post 4.11 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the transaction, the vice president now owns 119,780 shares of the company's stock, valued at approximately $20,239,226.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Jonathan Rubinstein sold 12,133 shares of the firm's stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $171.00, for a total value of $2,074,743.00. Following the transaction, the director now owns 115,220 shares of the company's stock, valued at approximately $19,702,620. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of the firm's stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Insiders have 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 corporate insiders.

Hedge Funds Weigh In On Amazon.com

Large investors have recently added to or reduced their stakes in the business. 1900 Wealth Management LLC increased its stake in Amazon.com by 7.9% in the 3rd quarter. 1900 Wealth Management LLC now owns 26,006 shares of the e-commerce giant's stock valued at $3,306,000 after buying an additional 1,899 shares during the last quarter. Park Place Capital Corp raised its holdings in shares of Amazon.com by 4.0% in the 3rd quarter. Park Place Capital Corp now owns 22,054 shares of the e-commerce giant's stock worth $2,804,000 after purchasing an additional 857 shares during the period. Kozak & Associates Inc. raised its holdings in shares of Amazon.com by 81.9% in the 3rd quarter. Kozak & Associates Inc. now owns 54,534 shares of the e-commerce giant's stock worth $6,978,000 after purchasing an additional 24,549 shares during the period. Avior Wealth Management LLC raised its holdings in shares of Amazon.com by 0.3% in the 3rd quarter. Avior Wealth Management LLC now owns 71,767 shares of the e-commerce giant's stock worth $9,123,000 after purchasing an additional 225 shares during the period. Finally, Founders Financial Securities LLC raised its holdings in shares of Amazon.com by 5.6% in the 3rd quarter. Founders Financial Securities LLC now owns 40,762 shares of the e-commerce giant's stock worth $5,182,000 after purchasing an additional 2,147 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.