Amazon.com (NASDAQ:AMZN) Price Target Raised to $217.00 at Wells Fargo & Company

Amazon.com (NASDAQ:AMZN) had its price objective raised by Wells Fargo & Company from $211.00 to $217.00 in a research note issued to investors on Monday morning, Benzinga reports. They currently have an overweight rating on the e-commerce giant’s stock.

AMZN has been the topic of several other research reports. Wolfe Research upped their price target on shares of Amazon.com from $195.00 to $205.00 and gave the stock an outperform rating in a report on Friday, February 2nd. Truist Financial reaffirmed a buy rating and issued a $195.00 price target on shares of Amazon.com in a report on Friday, March 22nd. UBS Group upped their price target on shares of Amazon.com from $180.00 to $198.00 and gave the stock a buy rating in a report on Friday, February 2nd. Stifel Nicolaus increased their target price on Amazon.com from $175.00 to $200.00 and gave the company a buy rating in a research note on Friday, February 2nd. Finally, Sanford C. Bernstein raised their price target on Amazon.com from $175.00 to $200.00 and gave the company an outperform rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Buy and a consensus target price of $198.09.

Read Our Latest Analysis on Amazon.com

Amazon.com Trading Up 0.3 %

Shares of AMZN stock opened at $180.97 on Monday. The company’s fifty day simple moving average is $171.33 and its two-hundred day simple moving average is $151.85. 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 has a 1 year low of $97.71 and a 1 year high of $183.00. The stock has a market capitalization of $1.88 trillion, a price-to-earnings ratio of 62.40, a PEG ratio of 1.57 and a beta of 1.17.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.19. The firm had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.21 earnings per share. As a group, analysts anticipate that Amazon.com will post 4.08 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following 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 legal filing with the SEC, which is accessible through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $152.78, for a total transaction of $76,390.00. Following the sale, the chief executive officer now directly owns 117,560 shares of the company’s stock, valued at approximately $17,960,816.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction that occurred on 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 transaction, the insider now owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,210,510 shares of company stock valued at $5,505,223,106. 12.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Amazon.com

Several large investors have recently made changes to their positions in the business. Park National Corp OH lifted its holdings in shares of Amazon.com by 2.0% during the first quarter. Park National Corp OH now owns 180,874 shares of the e-commerce giant’s stock valued at $32,626,000 after purchasing an additional 3,494 shares during the last quarter. IMPACTfolio LLC purchased a new position in shares of Amazon.com during the first quarter valued at approximately $202,000. Burkett Financial Services LLC lifted its holdings in shares of Amazon.com by 9.1% during the first quarter. Burkett Financial Services LLC now owns 4,806 shares of the e-commerce giant’s stock valued at $867,000 after purchasing an additional 400 shares during the last quarter. A.P. Gilfoyle & Co. L.P. raised its holdings in Amazon.com by 1,469.0% in the 1st quarter. A.P. Gilfoyle & Co. L.P. now owns 1,569 shares of the e-commerce giant’s stock worth $283,000 after acquiring an additional 1,469 shares during the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new position in Amazon.com in the 4th quarter worth approximately $293,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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