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

Amazon.com (NASDAQ:AMZN) had its price target upped by UBS Group from $198.00 to $215.00 in a research note released on Thursday, Benzinga reports. The brokerage currently has a buy rating on the e-commerce giant’s stock.

AMZN has been the topic of a number of other research reports. Roth Mkm reiterated a buy rating and set a $205.00 price target on shares of Amazon.com in a report on Tuesday, April 16th. JPMorgan Chase & Co. raised their target price on shares of Amazon.com from $190.00 to $225.00 and gave the stock an overweight rating in a report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Amazon.com from $175.00 to $200.00 and gave the stock a buy rating in a report on Friday, February 2nd. Susquehanna raised their target price on shares of Amazon.com from $185.00 to $220.00 and gave the stock a positive rating in a report on Friday, February 2nd. Finally, Telsey Advisory Group reiterated an outperform rating and issued a $200.00 price target on shares of Amazon.com in a research report on Thursday. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of Buy and an average price target of $205.13.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $179.62 on Thursday. Amazon.com has a fifty-two week low of $101.15 and a fifty-two week high of $189.77. The company has a 50 day simple moving average of $177.99 and a two-hundred day simple moving average of $158.79. The company has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 61.94, a P/E/G ratio of 1.50 and a beta of 1.16. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. During the same quarter last year, the firm earned $0.21 earnings per share. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. Analysts expect that Amazon.com will post 4.11 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the completion of the sale, the insider now directly owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the sale, the chief executive officer now owns 116,560 shares in the company, valued at approximately $18,150,723.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’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 completion of the sale, the insider now owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The disclosure for this sale can be found here. Insiders sold a total of 32,214,010 shares of company stock valued at $5,505,889,146 in the last three months. Company insiders own 10.30% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Large investors have recently modified their holdings of the business. Norges Bank bought a new position in shares of Amazon.com during the 4th quarter worth approximately $17,700,551,000. Vanguard Group Inc. raised its stake in shares of Amazon.com by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after acquiring an additional 32,038,029 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Amazon.com by 16,029.3% during the 4th quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock worth $36,260,810,000 after acquiring an additional 23,717,254 shares in the last quarter. FMR LLC raised its stake in shares of Amazon.com by 7.7% during the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after acquiring an additional 21,649,871 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Amazon.com by 28.4% during the 3rd quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock worth $6,989,254,000 after acquiring an additional 12,176,114 shares in the last quarter. 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.