UBS Group Raises Amazon.com (NASDAQ:AMZN) Price Target to $180.00

Amazon.com (NASDAQ:AMZN) had its price objective lifted by UBS Group from $167.00 to $180.00 in a report released on Friday, The Fly reports. They currently have a buy rating on the e-commerce giant’s stock.

Several other research analysts also recently commented on AMZN. Deutsche Bank Aktiengesellschaft lifted their target price on Amazon.com from $155.00 to $175.00 and gave the stock a maintains rating in a report on Friday. Raymond James cut their target price on Amazon.com from $165.00 to $164.00 and set a maintains rating on the stock in a report on Friday. Wolfe Research lifted their target price on Amazon.com from $140.00 to $170.00 and gave the stock an outperform rating in a report on Friday. Jefferies Financial Group lifted their target price on Amazon.com from $150.00 to $165.00 and gave the stock a maintains rating in a report on Friday. Finally, Needham & Company LLC dropped their price objective on Amazon.com from $207.50 to $175.00 in a research note on Friday, April 29th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and thirty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $179.45.

Amazon.com Trading Up 10.4 %

Shares of AMZN stock opened at $134.95 on Friday. The firm has a market capitalization of $1.37 trillion, a P/E ratio of 65.15, a P/E/G ratio of 4.38 and a beta of 1.25. Amazon.com has a twelve month low of $101.26 and a twelve month high of $188.11. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.35. The stock’s fifty day simple moving average is $114.13 and its 200 day simple moving average is $134.90.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). The firm had revenue of $121.23 billion for the quarter, compared to the consensus estimate of $119.16 billion. Amazon.com had a return on equity of 21.60% and a net margin of 4.48%. The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 EPS. As a group, sell-side analysts predict that Amazon.com will post 1.12 EPS for the current fiscal year.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 173 shares of the stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total value of $375,275.06. Following the sale, the vice president now owns 5,989 shares in the company, valued at $12,991,458.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, VP Shelley Reynolds sold 173 shares of the stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total value of $375,275.06. Following the sale, the vice president now owns 5,989 shares in the company, valued at $12,991,458.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP David Zapolsky sold 418 shares of the stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total value of $906,733.96. Following the completion of the transaction, the senior vice president now directly owns 3,537 shares in the company, valued at approximately $7,672,531.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,803 shares of company stock worth $10,528,337. Corporate insiders own 12.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Buttonwood Financial Advisors Inc. bought a new position in shares of Amazon.com during the fourth quarter valued at about $1,024,000. International Assets Investment Management LLC grew its stake in shares of Amazon.com by 2.0% during the fourth quarter. International Assets Investment Management LLC now owns 5,382 shares of the e-commerce giant’s stock valued at $17,945,000 after buying an additional 105 shares during the last quarter. Foundry Partners LLC grew its stake in shares of Amazon.com by 23.9% during the fourth quarter. Foundry Partners LLC now owns 358 shares of the e-commerce giant’s stock valued at $1,194,000 after buying an additional 69 shares during the last quarter. Franklin Street Advisors Inc. NC grew its stake in shares of Amazon.com by 1.1% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 14,548 shares of the e-commerce giant’s stock valued at $48,508,000 after buying an additional 156 shares during the last quarter. Finally, Berger Financial Group Inc grew its stake in shares of Amazon.com by 95.1% during the fourth quarter. Berger Financial Group Inc now owns 5,659 shares of the e-commerce giant’s stock valued at $18,869,000 after buying an additional 2,759 shares during the last quarter. Institutional investors own 72.51% of the company’s stock.

Amazon.com Company Profile

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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