Amazon.com (NASDAQ:AMZN) Price Target Increased to $215.00 by Analysts at UBS Group

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

A number of other equities research analysts also recently issued reports on AMZN. BMO Capital Markets boosted their price target on shares of Amazon.com from $205.00 to $215.00 and gave the company an outperform rating in a research note on Tuesday. Roth Mkm reissued a buy rating and issued a $205.00 price target on shares of Amazon.com in a research note on Tuesday, April 16th. DA Davidson restated a buy rating and issued a $235.00 price objective on shares of Amazon.com in a report on Thursday, April 18th. Wolfe Research lifted their price objective on shares of Amazon.com from $195.00 to $205.00 and gave the company an outperform rating in a report on Friday, February 2nd. Finally, Mizuho lifted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company a buy rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Buy and an average target price of $205.13.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $173.67 on Thursday. The company’s 50-day moving average price is $177.79 and its 200-day moving average price is $158.23. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The company has a market cap of $1.80 trillion, a P/E ratio of 59.89, a P/E/G ratio of 1.56 and a beta of 1.16. Amazon.com has a twelve month low of $101.15 and a twelve month high of $189.77.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping 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 company had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. During the same period in the previous year, the firm earned $0.21 earnings per share. Amazon.com’s quarterly revenue was up 13.9% compared to the same quarter last year. On average, sell-side analysts forecast that Amazon.com will post 4.1 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the transaction, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the sale, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the 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 directly owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The disclosure for this sale can be found here. Insiders have sold a total of 32,214,010 shares of company stock valued at $5,505,889,146 in the last ninety days. 10.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Ridgecrest Wealth Partners LLC grew its position in Amazon.com by 0.7% in the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock valued at $1,399,000 after acquiring an additional 56 shares in the last quarter. Stordahl Capital Management Inc. grew its position in shares of Amazon.com by 2.1% during 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. Echo45 Advisors LLC grew its position in shares of Amazon.com by 0.9% during the first quarter. Echo45 Advisors LLC now owns 6,619 shares of the e-commerce giant’s stock worth $1,194,000 after buying an additional 59 shares in the last quarter. Boyd Wealth Management LLC grew its position in shares of Amazon.com by 1.7% during the first quarter. Boyd Wealth Management LLC now owns 3,655 shares of the e-commerce giant’s stock worth $659,000 after buying an additional 60 shares in the last quarter. Finally, ShoreHaven Wealth Partners LLC grew its position in shares of Amazon.com by 1.9% during the fourth quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock worth $491,000 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.