Amazon.com (NASDAQ:AMZN) had its price objective increased by analysts at Wells Fargo & Company from $238.00 to $245.00 in a research report issued on Tuesday, Marketbeat.com reports. The brokerage presently has an "equal weight" rating on the e-commerce giant's stock. Wells Fargo & Company's price target points to a potential upside of 5.25% from the company's previous close.
A number of other analysts also recently commented on the stock. Jefferies Financial Group boosted their price target on shares of Amazon.com from $255.00 to $265.00 in a research report on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. Benchmark reiterated a "buy" rating and issued a $260.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Roth Capital set a $250.00 price target on shares of Amazon.com and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Finally, HSBC upped their price objective on shares of Amazon.com from $240.00 to $256.00 in a report on Tuesday, July 22nd. Three equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $255.21.
Check Out Our Latest Stock Analysis on AMZN
Amazon.com Price Performance
Amazon.com stock opened at $232.79 on Tuesday. The firm has a market capitalization of $2.47 trillion, a P/E ratio of 37.91, a PEG ratio of 1.72 and a beta of 1.33. The firm has a fifty day moving average of $216.19 and a 200-day moving average of $208.82. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Amazon.com has a 52-week low of $151.61 and a 52-week high of $242.52.
Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the prior year, the firm posted $0.98 EPS. The firm's revenue was up 8.6% compared to the same quarter last year. As a group, analysts predict that Amazon.com will post 6.31 EPS for the current year.
Insider Activity at Amazon.com
In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the transaction, the insider directly owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 25,102,037 shares of company stock valued at $5,674,871,223 over the last ninety days. 9.70% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Amazon.com
Institutional investors have recently added to or reduced their stakes in the stock. Tallon Kerry Patrick acquired a new stake in shares of Amazon.com during the fourth quarter valued at about $800,000. LaFleur & Godfrey LLC boosted its stake in Amazon.com by 1.8% in the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock worth $10,839,000 after purchasing an additional 860 shares during the period. Brighton Jones LLC boosted its stake in shares of Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after buying an additional 397,007 shares during the period. Revolve Wealth Partners LLC lifted its position in Amazon.com by 4.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after acquiring an additional 986 shares during the last quarter. Finally, Bank Pictet & Cie Europe AG raised its position in shares of Amazon.com by 2.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock valued at $442,481,000 after buying an additional 54,987 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.
Amazon.com Company Profile
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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.
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