Amazon.com (NASDAQ:AMZN) Stock Price Expected to Rise, Wolfe Research Analyst Says

Amazon.com (NASDAQ:AMZN) had its target price hoisted by equities research analysts at Wolfe Research from $250.00 to $270.00 in a research report issued on Friday, MarketBeat.com reports. The firm presently has an “outperform” rating on the e-commerce giant’s stock. Wolfe Research’s price objective suggests a potential upside of 20.43% from the company’s current price.

Several other brokerages have also recently weighed in on AMZN. Jefferies Financial Group boosted their price objective on Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Royal Bank of Canada boosted their target price on Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. JMP Securities restated a “market outperform” rating and issued a $285.00 price target on shares of Amazon.com in a research report on Monday, December 16th. Mizuho boosted their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Finally, UBS Group raised their target price on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average price target of $243.44.

Amazon.com Stock Performance

AMZN opened at $224.19 on Friday. The company has a 50 day simple moving average of $213.07 and a two-hundred day simple moving average of $194.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The firm has a market cap of $2.36 trillion, a P/E ratio of 48.01, a PEG ratio of 1.54 and a beta of 1.16. Amazon.com has a 1-year low of $144.05 and a 1-year high of $233.00.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the previous year, the firm posted $0.85 EPS. Amazon.com’s revenue for the quarter was up 11.0% compared to the same quarter last year. Equities analysts forecast that Amazon.com will post 5.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, Director Jonathan Rubinstein sold 5,004 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the sale, the director now owns 99,396 shares in the company, valued at approximately $19,864,290.60. This represents a 4.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 5,502 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the transaction, the chief executive officer now owns 518,911 shares in the company, valued at approximately $106,797,072.91. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock worth $1,253,456,822 over the last three months. Corporate insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Large investors have recently made changes to their positions in the stock. Solitude Financial Services increased its holdings in shares of Amazon.com by 56.8% in the second quarter. Solitude Financial Services now owns 2,762 shares of the e-commerce giant’s stock valued at $534,000 after purchasing an additional 1,000 shares during the period. MBL Wealth LLC increased its holdings in Amazon.com by 6.3% in the 2nd quarter. MBL Wealth LLC now owns 22,515 shares of the e-commerce giant’s stock worth $4,351,000 after buying an additional 1,337 shares during the period. Hedeker Wealth LLC raised its position in Amazon.com by 0.7% during the 2nd quarter. Hedeker Wealth LLC now owns 71,230 shares of the e-commerce giant’s stock worth $13,765,000 after buying an additional 489 shares during the last quarter. Signet Investment Advisory Group Inc. lifted its stake in Amazon.com by 0.6% during the 2nd quarter. Signet Investment Advisory Group Inc. now owns 14,521 shares of the e-commerce giant’s stock valued at $2,806,000 after acquiring an additional 85 shares during the period. Finally, Marshall Financial Group LLC increased its stake in shares of Amazon.com by 1.8% in the second quarter. Marshall Financial Group LLC now owns 7,098 shares of the e-commerce giant’s stock worth $1,372,000 after acquiring an additional 125 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

About Amazon.com

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.