UBS Group Increases Amazon.com (NASDAQ:AMZN) Price Target to $223.00

Amazon.com (NASDAQ:AMZN) had its target price hoisted by equities researchers at UBS Group from $220.00 to $223.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the e-commerce giant’s stock. UBS Group’s price target would indicate a potential upside of 16.86% from the stock’s previous close.

Several other equities research analysts also recently issued reports on AMZN. Wells Fargo & Company downgraded shares of Amazon.com from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $225.00 to $183.00 in a research report on Monday, October 7th. JMP Securities reaffirmed a “market outperform” rating and issued a $265.00 target price on shares of Amazon.com in a report on Tuesday, October 15th. Scotiabank began coverage on shares of Amazon.com in a research report on Friday, October 11th. They set a “sector outperform” rating and a $245.00 price objective for the company. Roth Mkm upped their target price on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $215.00 price target on shares of Amazon.com in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $236.76.

Amazon.com Stock Up 1.3 %

Shares of NASDAQ AMZN opened at $190.83 on Monday. Amazon.com has a 12-month low of $128.56 and a 12-month high of $201.20. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The firm’s 50-day simple moving average is $183.94 and its 200 day simple moving average is $183.57. The company has a market cap of $1.99 trillion, a price-to-earnings ratio of 53.45, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The company had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. On average, research analysts expect that Amazon.com will post 4.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,355 shares of company stock valued at $9,877,423. Insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. PayPay Securities Corp lifted its holdings in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares in the last quarter. Hoese & Co LLP acquired a new stake in Amazon.com during the 3rd quarter valued at approximately $37,000. Bull Oak Capital LLC acquired a new position in Amazon.com during the 3rd quarter worth $45,000. Values First Advisors Inc. acquired a new stake in Amazon.com during the third quarter valued at approximately $56,000. Finally, Christopher J. Hasenberg Inc lifted its stake in Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares during the last quarter. Hedge funds and other 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.