Wells Fargo & Company Issues Positive Forecast for Amazon.com (NASDAQ:AMZN) Stock Price

Amazon.com (NASDAQ:AMZN) had its target price boosted by Wells Fargo & Company from $197.00 to $212.00 in a report published on Tuesday,Benzinga reports. They currently have an equal weight rating on the e-commerce giant’s stock.

Other equities analysts have also issued reports about the company. Wedbush raised their target price on Amazon.com from $250.00 to $260.00 and gave the company an “outperform” rating in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft raised their price objective on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Royal Bank of Canada upped their target price on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Redburn Atlantic lifted their price target on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, TD Cowen upped their price objective on shares of Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.65.

Amazon.com Price Performance

Shares of AMZN opened at $217.76 on Tuesday. The business’s 50-day moving average is $217.02 and its 200-day moving average is $195.74. 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 company has a market capitalization of $2.29 trillion, a price-to-earnings ratio of 46.63, a P/E/G ratio of 1.54 and a beta of 1.14. Amazon.com has a fifty-two week low of $149.91 and a fifty-two week high of $233.00.

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

Insider Transactions at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This represents a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is owned by insiders.

Institutional Trading of Amazon.com

A number of hedge funds and other institutional investors have recently made changes to their positions in AMZN. Mason & Associates Inc grew its holdings in Amazon.com by 7.5% during the 4th quarter. Mason & Associates Inc now owns 15,047 shares of the e-commerce giant’s stock worth $3,301,000 after acquiring an additional 1,044 shares during the last quarter. Paragon Capital Management Ltd bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $333,000. MPS Loria Financial Planners LLC increased its holdings in shares of Amazon.com by 2.4% in the fourth quarter. MPS Loria Financial Planners LLC now owns 11,171 shares of the e-commerce giant’s stock valued at $2,451,000 after purchasing an additional 265 shares in the last quarter. Heritage Family Offices LLP bought a new position in Amazon.com in the 4th quarter worth approximately $354,000. Finally, Financial Enhancement Group LLC lifted its holdings in Amazon.com by 40.7% during the 4th quarter. Financial Enhancement Group LLC now owns 2,558 shares of the e-commerce giant’s stock worth $559,000 after buying an additional 740 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.