UBS Group Boosts Amazon.com (NASDAQ:AMZN) Price Target to $217.00

Amazon.com (NASDAQ:AMZN) had its target price hoisted by UBS Group from $215.00 to $217.00 in a research note issued to investors on Wednesday morning, Benzinga reports. UBS Group currently has a buy rating on the e-commerce giant’s stock.

A number of other analysts also recently commented on the company. Truist Financial raised their price objective on Amazon.com from $216.00 to $220.00 and gave the stock a buy rating in a research report on Wednesday. Wolfe Research raised their target price on Amazon.com from $195.00 to $205.00 and gave the stock an outperform rating in a research report on Friday, February 2nd. Citigroup raised their target price on Amazon.com from $215.00 to $235.00 and gave the stock a buy rating in a research report on Wednesday, April 24th. Roth Mkm restated a buy rating and set a $205.00 target price on shares of Amazon.com in a research report on Tuesday, April 16th. Finally, Wells Fargo & Company raised their target price on Amazon.com from $211.00 to $217.00 and gave the stock an overweight rating in a research report on Monday, April 1st. One investment 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 stock. According to MarketBeat.com, the company has a consensus rating of Buy and an average target price of $211.07.

Amazon.com Stock Performance

AMZN opened at $186.21 on Wednesday. The firm has a market capitalization of $1.93 trillion, a P/E ratio of 52.16, a price-to-earnings-growth ratio of 1.55 and a beta of 1.15. The stock’s 50 day moving average price is $178.79 and its two-hundred day moving average price is $159.95. The company has a quick ratio of 0.84, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com has a 12-month low of $103.31 and a 12-month high of $189.77.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter last year, the company earned $0.31 EPS. The company’s quarterly revenue was up 12.5% on a year-over-year basis. On average, equities analysts forecast that Amazon.com will post 4.12 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total value of $631,015.00. Following the completion of the transaction, the chief executive officer now directly owns 509,358 shares of the company’s stock, valued at $91,832,153.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Douglas J. Herrington sold 20,200 shares of Amazon.com stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total value of $3,433,798.00. Following the completion of the transaction, the chief executive officer now owns 514,131 shares in the company, valued at $87,397,128.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $180.29, for a total transaction of $631,015.00. Following the sale, the chief executive officer now owns 509,358 shares in the company, valued at $91,832,153.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,217,010 shares of company stock worth $5,506,442,301. 10.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AMZN. Ridgecrest Wealth Partners LLC lifted its holdings in Amazon.com by 0.7% during the 1st quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock worth $1,399,000 after purchasing an additional 56 shares in the last quarter. Stordahl Capital Management Inc. lifted its holdings in shares of Amazon.com by 2.1% in the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock worth $498,000 after buying an additional 56 shares in the last quarter. Lutz Financial Services LLC grew its position in Amazon.com by 1.9% during the first quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock worth $551,000 after buying an additional 57 shares in the last quarter. Echo45 Advisors LLC increased its stake in Amazon.com by 0.9% in the 1st quarter. Echo45 Advisors LLC now owns 6,619 shares of the e-commerce giant’s stock worth $1,194,000 after acquiring an additional 59 shares during the last quarter. Finally, Boyd Wealth Management LLC raised its position in shares of Amazon.com by 1.7% during the 1st quarter. Boyd Wealth Management LLC now owns 3,655 shares of the e-commerce giant’s stock valued at $659,000 after buying an additional 60 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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.